FxWirePro
Long

Silver forms Big W pattern, break above $14.60 targets $15.70

FX:XAGUSD   Silver/U.S. Dollar
209 3 3
Pattern Formed- Big W pattern

Major resistance - $14.60

The commodity has recovered till $14.55 yesterday after slightly dovish Fed statements. It is currently trading around $14.38.

Any break above $14.60 will confirm minor trend reversal , a jump till $15.15/$15.70 is possible .

On the lower side major support is around $14.25 and break below targets $14.05/$13.85.

It is good to buy above $14.60 with SL around $14.25 for the TP of $15.15/$15.70
Rupesh
10 months ago
I agree with you forecast.
Reply
Rupesh
10 months ago
But would like to prefer for intraday sell side with sl 16.740
Reply
Rupesh
10 months ago
But would like to prefer for intraday sell side with sl 14.740
Reply
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