XAGUSD going for 18

XAGUSD is breaking below 21.60

 

Silver broke below 21.60 and extended downside. This break is confirming the reversal lower and is invalidating the upside continuation completely, what is more, it is a long-term consolidation wedge break and the next target is set to test the strong downside resistance of 18. The downside support zone now is 20.50-21.

Note: look for the short trade entries with the stop loss above 21

 

XAGUSD downside breakout

 

 

 

 

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