XAGUSD is breaking below the resistance again

XAGUSD is breaking below the bearish flag 

 

XAGUSD is breaking below 21.60 a bear flag resistance and consolidation triangle support line. This is the second break below this key level which could develop in the impulsive swing lower to target the 10-13 zone. The next downside resistance stands at 18.70 and below this level, there is a huge downside space.

Note: look for the short trade entries with the stop loss above 22.40

 

XAGUSD downside breakout

 

 

 

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