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InvestingScope

XAGUSD: Consolidation on the Lower Low. Buy opportunity.

Long
Silver / U.S. Dollar (FX:XAGUSD)  
InvestingScope  
FX:XAGUSD   Silver / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators XAG USD ( Silver / US Dollar) Silver Si1! (Silver Futures) silverusd Metals Commodities
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trendanalysis chartpattern indicator xagusd silver si1! silverusd metals commodities
Silver has completed last week the bearish leg of the 1D Channel Down that started in September (RSI = 34.367, MACD = -0.179, ADX = 27.061, Highs/Lows = -0.7962) and made a Lower Low at 16.200. The RSI action shows that the price may consolidate a while before rising towards the Lower High zone, but remains an optimal buy opportunity nonetheless. Our Target Zone is 17.500 - 17.850.



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