HELLO TRADERS As I can see Silver is testing now a strong support level which is a great entry zone for buying here. Silver is still not moved as like gold and other commodities has done, we expected this pair will move till design levels and this is a best zone with a very low risk and higher rewards let's see what markets bring to us. Charts always...
price in range between 22.24-25.20 since last 8 months. Double top formation round about 22.25 area. Demand zone for long 22.85-65, stop loss 22.55, target: 23.90.
Daily bullish order block formed on 21st March. 22.40-15 strong demand zone for long, stop loss may place below 22.15. Target: 24.80. this setup will take time may few days even weeks.
Target Achieved on Aug 5. Tast's an update for XAGUSD. Based on my analysis of the XAGUSD chart on Aug 4.
#xagusd, silver forming higher high and higher low weekly and monthly charts. 27.45-30 highly demand zone for buy. target 29.30-40. stop loss below 27.20.