sugardaddyFED

Silver lover out there - WATCH the daily

FX:XAGUSD   Silver / U.S. Dollar
- uptrend still intact so this is merely a correction
- next wave lower may produce a fake low but until price confirms I shall shut up (and never assume!)
- Watch for 100 DMA as potential rebound zone then the 200 DMA
- Wait for RSI to confirm the move but channel line is pretty clear
- Grey box is potential scale in to buy zone for an inverse play

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.