More often than not, 
XAGUSD provides clearer signals than 
XAUUSD when it comes to technical analysis. In contrast to its bigger brother, Silver exhibited distinct signs of weakness right from the beginning of the year.
This was evident as the price broke below the ascending trend line that had originated in October (In the case of Gold, the price reversed from confluence support).
Reversals from the horizontal 22.70 support in Silver were consistently hindered by the confluence of resistances around 23.50, effectively keeping XAGUSD within a range.
Currently, the price of Silver has returned to the support zone.
Considering the descending triangle and the price being in a downtrend, coupled with its position below significant resistance levels, a break seems highly probable.
In this scenario, a drop to the 20.70 zone is possible, presenting a trading opportunity of 2,000 pips.
XAGUSD provides clearer signals than XAUUSD when it comes to technical analysis. In contrast to its bigger brother, Silver exhibited distinct signs of weakness right from the beginning of the year. This was evident as the price broke below the ascending trend line that had originated in October (In the case of Gold, the price reversed from confluence support).
Reversals from the horizontal 22.70 support in Silver were consistently hindered by the confluence of resistances around 23.50, effectively keeping XAGUSD within a range.
Currently, the price of Silver has returned to the support zone.
Considering the descending triangle and the price being in a downtrend, coupled with its position below significant resistance levels, a break seems highly probable.
In this scenario, a drop to the 20.70 zone is possible, presenting a trading opportunity of 2,000 pips.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。