XAG/USD - Corrective structure broken Short

Silver/U.S. DollarFXCM

Description

⋅ Aug 24, 2016 7:16 AM

The 1,5 month corrective structure has been broken to the downside, indicating a likely move down towards 18.000-17.600. Best area for a short entry would be the bottom of the previous corrective zone between 19.200 - 19.500.