SILVER (XAG/USD) – Week 29 – Back in the $23’s?
In our previous analysis, we rightly forecasted that the price will start a bearish move from the resistance area.
In the coming week, we foresee the price to make a small pullback and drop towards the support level, eventually breaking it, having the potential to head into the $23 area.
Don’t forget that we are in a strong weekly bullish trend and in the medium-term to long-term we expect the price to reach the $50 psychological level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In the coming week, we foresee the price to make a small pullback and drop towards the support level, eventually breaking it, having the potential to head into the $23 area.
Don’t forget that we are in a strong weekly bullish trend and in the medium-term to long-term we expect the price to reach the $50 psychological level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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