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Technical Analysis of Silver (XAGUSD) Explained
Silver is currently consolidating within a narrow horizontal range on the 4-hour chart.
A bullish breakout would be confirmed by a 4-hour candle closing above the upper boundary of the range at 31.00, potentially paving the way for an upward move toward 31.43.
Conversely, a break below the range's support level would indicate the onset of a bearish trend.
A bullish breakout would be confirmed by a 4-hour candle closing above the upper boundary of the range at 31.00, potentially paving the way for an upward move toward 31.43.
Conversely, a break below the range's support level would indicate the onset of a bearish trend.
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