XAGUSD is retesting the broken downside reversal resistance
XAGUSD is retesting the broken downside reversal resistance 28-28.300 zone. A break below 27.300 is required for downside reversal continuation. For an upside continuation and higher probability long trade entries, we need to see a break above 28.600. XAGUSD reached 28.300 after a bounce from 23.40 support in a retracement of the recent swing higher. The overall medium-term is an uptrend and a confirmed break above 29.90 will lead to an extended continuation higher.
Note – We are inclined to short trade entries with the stop loss above 28.300
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