Silver (XAGUSD) | MCX | July 03 breakout
Silver (XAGUSD) || Update | July 03, 2024
Timeframe: 4-hour
Current Situation: Silver is exhibiting a falling wedge pattern on the 4-hour timeframe. This pattern often precedes a price breakout in the direction opposite the wedge's slope (upward in this case).
Analysis: The falling wedge suggests potential for a bullish breakout, with a target zone ranging from 1800 to 2400 points if the breakout is confirmed.
Key Level: The resistance level to watch is 22600. A sustained move above this level would solidify the bullish breakout scenario.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice.
Timeframe: 4-hour
Current Situation: Silver is exhibiting a falling wedge pattern on the 4-hour timeframe. This pattern often precedes a price breakout in the direction opposite the wedge's slope (upward in this case).
Analysis: The falling wedge suggests potential for a bullish breakout, with a target zone ranging from 1800 to 2400 points if the breakout is confirmed.
Key Level: The resistance level to watch is 22600. A sustained move above this level would solidify the bullish breakout scenario.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.