Andre_Cardoso

(120m) Technical dbl top | inv. H&S

Andre_Cardoso Updated   
OANDA:XAGUSD   Silver / U.S. Dollar
XAGUSD

  • In the last 16 trading sessions, silver has not been able to recover above the support formed at 23.02 in November.
    Currently forming a technical double top on a 120m time frame that will only be confirmed after a violation below the most recent support.
    Once and IF confirmed, the drop in silver could help form a "right shoulder" to a higher degree inverted head and shoulders that could push silver to 24.55 again.

Comment:
Gold is also forming the eventual the same technical double top
Comment:

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