XAG/USD was trading today
around $19.70 level, marking an intraday high at $19.795 and low at $19.485. The
daily chart is showing that silver has found support at $19.20 two times, but
the downward trendline, acting as a resistance seized it from advancing
further. Meanwhile the 20-day, 30-day and 55-day EMA validate the bullish trend.
It is very possible the current trendline and the support at $19.20 to form a
wedge scene. Until XAG/USD is stuck between these interesting lines it’s hard
to find to where it will be much trilled.
Closing above $19.70 will drag silver to test key resistance located at $20.66.
One the other hand if closing below the support line, supports at $19.00 - 18.50
area will take place.
No comments:
Post a Comment