XAGUSD on the way down

Silver is testing an important 21.60 again

 

A break below 21.60 would mean a complete downside reversal for the XAGUSD. This is a strong confluence of the downside resistance and a long-term range resistance. A break below this level would lead to a reversal downside into the 16-18 zone.

Note: look for the short trade entries with the stop loss above 21.8 upon a break below 21.50

XAGUSD downside reversal

 

 

 

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