XAGUSD critical resistance test

XAGUSD is testing 19

 

XAGUSD is testing 19 for a complete downside reversal break. The 18.50-19 is the key zone to watch for a complete downside reversal and a swing lower to 14 after the long-term rectangle consolidation break below 21. On the RSI there are signs of a positive divergence but only a confirmed break above 20 could lead to an invalidation of the downside reversal.

Note: look for the short trade entries upon a break below 18.50. Go long in the case of a break above 20

XAGUSD downside reversal

 

 

 

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