XAGUSD Enters 2 x Demand Area
Silver has again reached its crucial lower range end and is in a serious demand area around the $16 area on top of a Daily Trendline and area of support. It also sits atop the 23.6 of the larger move, price tends not to drop below here in recent history look for a Long entry with your stoploss below the 23.6
Price is in a Weekly Wedge and very likely to break out soon, so beware of the drop through, Price action is mandatory. On the flip side of that, if it breaks above this could be a long term hold.
Price is in a Weekly Wedge and very likely to break out soon, so beware of the drop through, Price action is mandatory. On the flip side of that, if it breaks above this could be a long term hold.
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