Silver XAG/USD (A Pullback is underway)

View On XAG/USD (28 Feb 2019)

18.2 is proven to be a hard resistant and it just painted a strong BEAR candle in daily.

It is likely to go lower first. Do not think about going long first.

At the same time, we are seiing 15.5 to 15.7 will act as strong support regions too. The pullback is underway for now
There is where you should wait patiently and go in "only if" with the good bullish momentum.




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Comment:

Update View on Silver (4 Mar 2019)

The price came down as we expected and it went even a little further.
15.2 region is a decent swing level.

Now we need to see if there is any further bear force in it? Let's see.

But if you want to go in long, it is better for you to wait until a decent bullish momentum to show up first.