Silver/ XAGUSD is at the top of an 8 month Channel Up.
So far the top structure resembles the previous one of December-January, with the 1day RSI descending on both.
Sell if a 1day candle closes under the MA50. Target the MA200 at 22.700.
Buy if it closes over the dashed trend line (current high). Target the Fibonacci 2.0 extension at 27.700.
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So far the top structure resembles the previous one of December-January, with the 1day RSI descending on both.
Sell if a 1day candle closes under the MA50. Target the MA200 at 22.700.
Buy if it closes over the dashed trend line (current high). Target the Fibonacci 2.0 extension at 27.700.
Follow us, like the idea and leave a comment below!!
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