Silver is retesting the broken bullish flagÂ
Silver is retesting the broken bullish flag resistance 24. A confirmed continuation here is giving us a higher probability of the long trade entries to target higher. A rejection here and a break below 24 is now required for the downside reversal and a larger pullback. The overall medium-term is an uptrend but we need to see a bounce off this support. Bounce off this confluence will mean that we will see a continuation higher and a test of 29.80.
Note – We are inclined to long trade entries with the stop loss below 24.
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