TradingTechs

Silver areas of interest (Bearish bias)

OANDA:XAGUSD   Silver/U.S. Dollar
After XAGUSD             broke the major trendline we saw sharp declines in price. The decline stopped around the 61.8% Fib and a pullback is expected at least into the first area of resistance from 17.10-17.40 (Red Box). A continuation from there targets the swing lows at 16.40 and then the swing low at 15.80. No trade setups yet but will keep an eye out for a short setup
Comment: XAGUSD now targeting previous swing lows at 15.82
Comment: Silver entering area of first resistance. Eyes on 17.24 area (38,2% Fib)
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