Silver starting to break out nicely,watch for strong bullishness
Silver (XAGUSD) has broken out of our long term descending resistance-turned-support line signaling that there’s strong potential bullishness. Our 1st major support is at 16.66 (Fibonacci retracement, horizontal overlap support, breakout level) and a strong rise could occur from here to push price all the way up to 16.92 resistance (Fibonacci retracement, horizontal swing high resistance).
RSI (21) has correspondingly broken out of our long term descending resistance-turned-support line signaling that a potential rise is approaching.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (21) has correspondingly broken out of our long term descending resistance-turned-support line signaling that a potential rise is approaching.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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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.