Two days ago, I said that
XAGUSD
is trading in important support and, in the eventuality of a break, the price could fall further and could drop to the next important support level.
However, after flirting with 22.20-22.30 zone support, the price reversed strongly yesterday, leaving a large Bullish Engulfing candle on our chart.
This price development could represent a sign of reversal and we could have continuation to the upside.
As long as the horizontal support stays intact, buying dips is my preferred strategy with a target at the next important zone at 23.30-23.40
XAGUSD
is trading in important support and, in the eventuality of a break, the price could fall further and could drop to the next important support level. However, after flirting with 22.20-22.30 zone support, the price reversed strongly yesterday, leaving a large Bullish Engulfing candle on our chart.
This price development could represent a sign of reversal and we could have continuation to the upside.
As long as the horizontal support stays intact, buying dips is my preferred strategy with a target at the next important zone at 23.30-23.40
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Premium Contact:
t.me/IacobMihai
