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Mihai_Iacob
Sep 23, 2021 3:02 AM

Silver- Strongly bearish under 22.50 Short

SilverOANDA

Description

Yesterday I've argued that Silver can drop hard if it breaks the flag pattern.
After the spike on FOMC XagUsd has dropped again, giving us a clear signal that the pressure is on the sell-side and at this moment is trading at 22.60, exactly above the horizontal short-term support and the ascending trend line of the flag.
I maintain my bearish outlook and I'm looking to sell rallies or directly the break.
The target can be the measured one at 21 or, in the short term, 22.30, the recent low support
Comments
ProSignalsFx
Yeah, I guess silver might retest the support...
UnitedSignals
Noted, thank you!
VasilyTrader
Did you consider coming fundamental data this week?
MMBTtrader
it can fall more
Mihai_Iacob
@MMBTtrader, yes, waiting for the break
ProjectSyndicate
superb overview for position traders
Mihai_Iacob
@ProjectSyndicate, Thanks for comm
Harrisgraph
Good and clear. Thank you mate for sharing
TopTradingSignals
Yes it will fall!
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