XAGUSD is testing the short-term uptrend line
XAGUSD is testing a 23.50 short-term uptrend line support. A break below this level would open a deeper retracement to 23 and possibly lower. A bounce here is required for the upside continuation which will then be confirmed with a break above 24.10. The instrument is in the long-term rectangle consolidation between 21 and 29 from August 2020.
Note: look for the short trade entries upon a confirmed break below 23.50, in the case of a break above 24.10 you can search for the long trade entries
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