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Silver · XAG/USD

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Silver: Ascending Channel

XAG/USD, 4 hours    SHORT Jul 6
An ascending channel has been found. If price breaks out, the resulting move could indicate a temporary interruption of an existing trend. XAG/USD to experience further corrective weakness towards 25.8.

Silver: Falling Wedge

XAG/USD, 1 hour    LONG Jul 9
There is a falling wedge poping up. If price breaks through the resistance, the resulting move could spot a break in the price direction. It is possible that a bullish continuation to the 26.4 mark will form once above 26.1.

Silver: Ascending Channel

XAG/USD, 4 hours    SHORT Jun 15
An ascending channel is uncovered and the price requires a more strong bearish action as a sign of a breakdown. In case if price breaks down, the move could identify a bullish-to-bearish trend reversal. XAG/USD embarks on a bearish correction towards 27.4 as indicators turn bearish.

Silver: Ascending Channel

XAG/USD, 4 hours    SHORT Aug 5
An ascending channel is close to being complete and the price is close to breaking out. An ascending channel typically predicts extending an downtrend if price breaks through the support. It is likely that a bearish price action to 25.2 will occur.

Silver: Rectangle

XAG/USD, 4 hours    SHORT Jun 16
We can see that a rectangle has been found. A rectangle suggests a useful bearish price indicator that often identifies a bearish price move in case if price breaks through the support. A bearish continuation towards 27.2 looks probable.

Silver: Descending Channel

XAG/USD, 4 hours    LONG May 3
It looks like XAG/USD shapes a descending channel and the price is ready to break out. A descending channel can be thought of as a signal that often predicts a bullish price move in case if price breaks out. A move to the 26.8 zone is going to happen on a breakout of the descending channel.

Silver: Descending Triangle

XAG/USD, 4 hours    LONG Apr 29
We can see that a descending triangle develops and XAG/USD lacks a more bigger bullish impulse as an information of a breakout. A descending triangle is said to depict a compelling bullish pattern that signals the bears have run out of steam once price breaks out to the the upside. There is a possibility of a move towards the 26.8 mark.

Silver: Descending Channel

XAG/USD, 1 hour    LONG Aug 27
There is a descending channel diagnosed. If price breaks through the resistance, the move could predict a bullish price action. XAG/USD now looks to the 23.8 level.

Silver: Ascending Channel

XAG/USD, 4 hours    SHORT Jul 7
An ascending channel is very close to being completed, the price is about to break out. In case if price collapses through the support line, the resulting move could signal that the price to go down. XAG/USD still risks a move to the 25.8 zone.

Silver: Pennant

XAG/USD, 1 hour    LONG Jun 10
There is a pennant revealed, the price breaks out now. A pennant can be thought of as a reliable bullish pattern that often predicts that prices are likely to keep rallying upward in case if price breaks above resistance. It is likely that a bullish push up to 28 will happen.

Silver: Bearish Flag

XAG/USD, 4 hours    SHORT Jun 14
We can see that a bearish flag is close to being completed and the price lacks a more steady move as an information of a breakdown. A bearish flag is said to depict a technical indicator that is used to indicate a bearish move once price breaks through the support. There is a possibility of a move towards the 27.4 mark as XAG/USD failes to keep gains.

Silver: Symmetrical Triangle

XAG/USD, 1 hour    SHORT Aug 18
A symmetrical triangle develops and the price demands a bigger correction as evidence of a breakout. A symmetrical triangle typically predicts that the price to go short once price breaks out. XAG/USD looks south towards the 23.6 level.
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