SILVER { XAGUSD}: Bearish Correction On The Horizon
After a strong upward trend last week, Silver has now paused its advance and is consolidating.
Currently, an Indecision pattern, specifically a symmetric triangle, is forming on the 1-hour chart. The price is testing the boundaries of this pattern.
If there is a bearish breakout, with a 1-hour candle closing below the support line, we could see a downward correction toward the nearest support level at 30.20.
Conversely, if the price breaks and closes above the resistance line, we would anticipate a continuation of the bullish trend.
Currently, an Indecision pattern, specifically a symmetric triangle, is forming on the 1-hour chart. The price is testing the boundaries of this pattern.
If there is a bearish breakout, with a 1-hour candle closing below the support line, we could see a downward correction toward the nearest support level at 30.20.
Conversely, if the price breaks and closes above the resistance line, we would anticipate a continuation of the bullish trend.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.