XAGUSD is retesting the support

XAGUSD is testing 23.200 again

 

It is important for XAGUSD to hold 23 support. A break below this support could lead to a deeper pullback into 22.400. We need to see a resolutive bounce from here for the upside continuation targeting 26 and higher. The key level is 22.400 for Q1 2023. A break below this level would invalidate completely upside extension.

Note: look for the long trades with a stop loss below 23

 

XAGUSD testing the strong support

 

 

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