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Mihai_Iacob
Aug 9, 2022 5:00 AM

Silver to rise at 22 zone resistance Long

SilverOANDA

Description

As usually, Silver is drawing a more clear picture than Gold.
After a drop to 19.50 support on NFP's day, XagUsd recovered quickly yesterday and managed to close above the high of the previous consolidation.
Now the price is trading in horizontal resistance and a break here could lead to further gains towards the 22 zone.
I'm bullish as long as 19.50 is intact
Comments
RLinda
Good analysis. THanks for sharing)
Mihai_Iacob
@RLinda, welcome ann thanks for comm
CryptoCheck-
Also going long on Silver. Thanks for sharing !
Mihai_Iacob
Lingrid
Which SL do you recommend?
TheTradersAvenue
Good Idea. Thanks
ProjectSyndicate
yeah I guess it's a bit of an IHS setup as well
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