Silver

SILVER

• False breakout on 1 Feb & 2 Feb
  Continue accumulation pattern
  Macro: USD continues weaking following Biden new stimulus plan (if approved)
  Dollar Index (green color) has rebounded from 89, expect continue downward trend (if no major negative news from EU)
  Strategy: Buy area (25 - 26.8), First Support at the MA50 Level ~25.4 , 2nd Support at 24.6, SL at 24.351, TP 30.0