(XAGUSD 1D) will silver hold support
XAUUSD has been consolidating/ forming a wedge pattern on the daily chart.
We’re on our 4th or 5th touch at this $22.00 zone. Usually the more price hits an area of resistance or support it becomes weaker.
The next touch will either break down and out of the current support or it will bounce up and buyers will continue to drive prices up.
KEY LEVELS
SUPPORT - $22.00
RESISTANCE - $25.00
The only thing we can do is wait to see a confirmation of direction!
Happy trading!
We’re on our 4th or 5th touch at this $22.00 zone. Usually the more price hits an area of resistance or support it becomes weaker.
The next touch will either break down and out of the current support or it will bounce up and buyers will continue to drive prices up.
KEY LEVELS
SUPPORT - $22.00
RESISTANCE - $25.00
The only thing we can do is wait to see a confirmation of direction!
Happy trading!
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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.