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Mihai_Iacob
Dec 5, 2020 4:59 AM

Silver- To resume its aggressive uptrend? Long

SilverOANDA

Description

As always, when things are not so clear with Gold, I look at Silver, is more technical and often gives me "clues"
As I said in a previous analysis, unlike Gold, Silver didn't made a new local low this week and stopped in strong 22 support.
This week was finished with a bullish engulfing from this support and adding this fact to the bull trend that we are already in, I expect a continuation to the upside.
For a clear confirmation, XagUsd needs to conquer 24.50 resistance and I expect acceleration to the next important resistance at 26.
As long as the price is above 22 buy dips is my strategy
Comments
elifashho15
Doesn't seems like bullish engulfing
InkyGrip
+++ Great technical set up 🦐+++
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