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InvestingScope
Sep 12, 2019 3:36 PM

XAGUSD: Short term buy opportunity. Tight stop. Long

SILVER / U.S. DOLLARICE

Description

XAGUSD has made contact this week with its 1D Higher Low trend line (bold) where it has so far rebounded, as it made a Higher Low (1D Highs/Lows = 0.0000). With 1D holding marginally onto bullish levels (RSI = 56.268, MACD = 0.403, ADX = 44.272) it is likely to sustain this rise all the way to the 19.650 Resistance, as long as 17.780 holds. On a different occasion we may get a deeper correction on the 1W scale where the RSI is still overbought at 75.529.

You may get an idea of this potential 1W correction here:






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