XAGUSD Follow the break out

10 พ.ค. 2023

Silver/ XAGUSD is at the top of an 8 month Channel Up.

So far the top structure resembles the previous one of December-January, with the 1day RSI descending on both.

Sell if a 1day candle closes under the MA50. Target the MA200 at 22.700.

Buy if it closes over the dashed trend line (current high). Target the Fibonacci 2.0 extension at 27.700.


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