XAGUSD has been trading in bearish trend . The bullish trend will be confirmed by breaking above the 5 months long falling trendline. The bulls show some strength near the 50 SMA . The bulls can face a resistance above the falling trendline as 100 SMA near the $20.45 region. On downside the 50 SMA is a strong support.
A convincing breakout above the falling resistance will give complete control to bulls.
Trade your levels accordingly.
A convincing breakout above the falling resistance will give complete control to bulls.
Trade your levels accordingly.
