XAGUSD testing the significant resistance

XAGUSD is testing the 24.30 upside resistance

 

XAGUSD is reaching the 24.30 upside resistance after a bounce from 22 long-term consolidation lows. This upside resistance should be broken for a continuation higher to 25. We are seeing a rising wedge formed which could trigger a correction to 22.5 again in the case of rejection here.

Note: look for the short trade entry with the stop loss above 24.5

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XAGUSD reaching the strong resistance

 

 

 

 

 

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