SILVER (XAGUSD) Bearish Move From Key Level 🪙

2022年8月2日

Hey traders,

Silver is approaching a key daily resistance.
The underlined blue structure matches perfectly with 0.5 retracement of the last bearish impulse.
The price has already formed a dodji candle on that structure, confirming its strength.

Analyzing lower time frame, I spotted a confirmed breakout of a rising wedge pattern on 1H time frame.
I believe that that pair may drop now.
Initial target - 19.985

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