In my weekend analysis, I highlighted the potential formation of a Head and Shoulders pattern in Silver's price, with the neckline positioned precisely at the psychologically significant $30 level.
Yesterday, the Federal Reserve’s rate cut triggered a drop below this key level. Currently,
XAGUSD is experiencing a normal rebound.
This rebound may provide traders with an opportunity to consider short positions if the broken $30 level is retested.
The next significant support level is at $28, which could serve as the target for this potential move.
Yesterday, the Federal Reserve’s rate cut triggered a drop below this key level. Currently,
XAGUSD is experiencing a normal rebound.This rebound may provide traders with an opportunity to consider short positions if the broken $30 level is retested.
The next significant support level is at $28, which could serve as the target for this potential move.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Publications connexes
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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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Publications connexes
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.