XAGUSD: Approaching the 1D Support. Buy opportunity.

Silver is on a strong decline after the August 30th rejection on the LH trendline. The price is naturally on a bearish 1D time-frame technically (RSI = 39.492, MACD = -0.033, ADX = 26.676) but an RSI reading below 35.000 has been a buy opportunity since the end of May. Ideally the buy entry would be as close to S1 (22.235) as possible. We will buy and target the LH trendline again (TP = 24.500).

Prior idea:


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##