XAGUSD is testing the upside support

XAGUSD is going for a retest of 23.50-24 zone

 

XAGUSD is testing the upside support 24.80. A break below this support could lead to a pullback into the 23.50-24 zone. A break above 25.30 is required for the upside continuation and extension higher for a key upside reversal resistance level of 26.60.  This is the large swing area between the key levels. The instrument is in the short-term uptrend but is still within the long-term bull flag.

Note: look for the short trade entries on a pullback to 24 or a break above 25.30

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XAGUSD trading strategy

 

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