Bulls are getting ready in Silver?!?

Yes, it seems like the bulls are getting ready to attack!

IF the silver price overcomes the 23.6 % Fib level and 50's MA with a sustained close around 23.30 USD, it would be time to fasten your seat belts.

IF XAG/USD doesn't overpower this critical resistance area and is making a move to the south, I would take another short trade into consideration. But this situation needs to be re-evaluated.

Yorum:

Alright - the bulls are in charge now!

Yorum:

So, textbook-like correction. Looks like the local low is in. If the support holds we go from this sideways and up, up and away ... ;)

Yorum:

After the SMA 200 got tested and rejected the price it's dropping hard. Your SL should been hit already if you were long. ATM it's on the point of decision: If the 23 USD fails to hold the price - the former low will be challenged. And also a drop further is then still on the table. So take care. If 23 USD gives enough support it could be an inverse SHS chart pattern which is a very bullish sign for silver ...

s3.tradingview.com/s...shots/m/m2h8Ymrv.png

Yorum:

Don*t looks good. Probability is hight that we see the 21.50 USD again ....