XAGUSD: DT Curve Analysis (5D)

(Intermediate Curve Analysis)

SLO2 @ 31.77 📉
SLO1 @ 31.28 📉
TP1 @ 27.43 💰
TP2 @ 25.03
TP3 @ 23.27
TP4 @ 20.55

ADDITIONAL INFO:
✍️ TP1 @ 27.43, can now be used as a Sell Stop Order

📉 Silver has fallen for the third week in a row due to a poor industrial outlook and ongoing demand concerns in China.

📉 Markets have priced in silver demand from renewable energy sources, prompting investors to exit long silver positions.

📉 A key political meeting in Beijing failed to produce new stimulus measures.

NOTE:
China's central bank unexpectedly cut lending rates, and the US economy expanded faster than expected in the second quarter, with strong gains in consumer spending and business investment.

🔑
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
💰 PROFIT SHAVED
⏳ PENDING
📉 SELL ORDER TRIGGERED