sugardaddyFED

Silver Weekly Technical View - RSI divergence continues

FX:XAGUSD   Silver/U.S. Dollar
Notice how Silver             price is now trading out of the long term downtrend line after its massive rally to all time high of $ 50. We continue to expect price consolidation and a possible low to retest the 13.50 to 14.50 levels to confirm a reversal sign (with the addition of RSI divergence and a double bottom?).
Silver             need to break out of this triangle with the following scenarios:
1) Bullish
If it can break out of its mini triangle at 16.75 and 17.45. A close above the 100 WMA at 19.17 will put us firmly in a bullish mode.
2) Bearish
If it breaks below 15.45 and will look to test support at 14.50 but if it breaks below that then watch out for a possible 11.50 - 13.50 levels
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out