Trade of the Day XAGUSD

XAGUSD testing the breakout resistance

 

XAGUSD is testing the breakout higher resistance 25.80. A break above this resistance is required for the extension higher in a long-term consolidation triangle. Support for the upside continuation is 24.70 and only a reversal break below this level could lead to a reversal lower. The next big upside resistance is 26.60 before a 28.30 test.

Note: you can enter the long trade entry upon a confirmed break above 25.80

XAGUSD price action analysis

 

 

 

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