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XAGUSD Approaching the 3 month Resistance

FX_IDC:XAGUSD   Gümüş/ABD Doları
Silver is at a critical point as it is approaching Resistance (1) at 24.600 that is holding for the past 3 months.
The MA50 (1d) is flattened and is inside the Pivot Zone.

Trading Plan:
1. Sell as long as the price is closing under Resistance (1).
2. Buy if the price closes (as 1d candle) over Resistance (1).

Targets:
1. 22.250 (Pivot Zone).
2. 26.000 (under Resistance 2).

Tips:
1. RSI (1d) crossed over the 70.00 overbought level. Every such crossing always made a pull back to the Pivot Zone.
2. Long term the price is supported on a Rising Support. Unless this breaks, the long term trend is bullish.

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Feragatname

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