Signal_Centre

Silver lining seen as triangle breaks!

Long
FX:XAGUSD   Silver / U.S. Dollar
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OANDA:XAGUSD

Silver - Intraday - We look to Buy at 15.15 (stop at 15.00)
The bullish engulfing candle on the daily chart is positive for sentiment. Broken out of the triangle formation to the upside. Daily Ichimoku Cloud top acted as support yesterday. Intraday signals are mildly bullish . With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals. Preferred trade is to buy on dips.
Our profit targets will be 15.45 and 15.50

Resistance: 15.45 / 15.55 / 15.70
Support: 15.25 / 15.15 / 15.00