Since last Friday's high and strong reversal from 23.50, Solver has dropped 1500 pips. Like in Gold's case, bulls were unable to recover some of the losses and XagUsd is consolidating in the support zone at 21. Here we could also have a new leg down after the consolidation and the obvious target for this drop (swing trading) is the next support at 20, so, 1k pips under the current level. I'm bearish as long as the price stays under 21.50 in terms of daily closing.
Great look at the situation with a good description! From a professional point of view it would be interesting to know in what order, what steps you use when analyzing an asset)
Hellena_Trade
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Great job! 💯 Your analytical skills are truly impressive.