XAGUSD second bounce from the long-term uptrend support

XAGUSD is bouncing again off the 23

 

XAGUSD is bouncing again off the uptrend channel support 23. This could indicate a further strong continuation higher and a test of the following significant resistance 25.40. This is now a fairly bullish price action and as long 23 is not violated look only higher.

Note: look for the long trades with a stop loss below 23.50

 

 

 

“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn

 

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