FxWirePro
Long

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

FX:XAGUSD   Silver / U.S. Dollar
210 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
But would like to prefer for intraday sell side with sl 14.740
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But would like to prefer for intraday sell side with sl 16.740
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I agree with you forecast.
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