financialflagship

SILVER (XAG/USD) – Week 30 – Expecting the bears to stay put.

Short
FX_IDC:XAGUSD   Silver / U.S. Dollar
In our previous analysis, we forecasted that the price will start a correction and drop towards the support. Unfortunately, we only got 50% of that right, as the price ranged the whole week.
In the coming week, we foresee the price to finish this pullback and drop towards the support level , eventually breaking it, having the potential to head into the $23 area.
Don’t forget that we are in a strong weekly bullish trend and in the medium-term to long-term we expect the price to reach the $50 psychological level.
Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.

Comments

do agree the price could push lower as well :) thx
+1 Reply
financialflagship jojofang0901
@jojofang0901, Most welcome!
Reply
Great idea
Reply
@Serana2324, Thanks a lot!
Reply
Really like your charts.🦐
Reply
financialflagship plancton0618
@plancton0618, Thanks man!
Reply
Great one just like always !
Appreciate your great work mate ❤️
Thanks for sharing your outlook 😃
Reply
financialflagship Helical_Trades
@Helical_Trades, Many thanks!
Reply
Lovely job, keep up the good work!
Reply
financialflagship ForexTrendline
@ForexTrendline, Thank you. Keep it up!
Reply