Silver (XAGUSD): Short term action plan.

FX_IDC:XAGUSD   Silver / U.S. Dollar
Silver is trading within a Channel Down on the 4H chart ( RSI = 43.954, MACD = -0.061, Highs/Lows = -0.0197) since January 7th. The RSI sequence however is currently posting a short term bullish signal. Our Target Zone is 18.000 - 18.100. If however the dashed Higher Low line breaks then the pattern will most likely complete the Lower Low on a roughly -5% sequence near 17.170.

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XAGUSD- We Are Looking For Buy And Then Sell.
Good Idea!
There is a descending broadening wedge pattern
+1 Reply
@Anpu, Seems to be working fine so far.
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