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Silver: Ascending Channel

XAG/USD, 4 hours    SHORT Feb 1
There is an ascending channel materializing and XAG/USD requests a further correction to confirm ascending channel breakout. An ascending channel is believed to be a reliable bearish pattern that can be used to indicate that prices move counter to the prevailing price trend if price breaks through the support. XAG/USD to plummet to 22.9 as the commodity nears 22.96 hurdle.
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