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Silver · XAG/USD

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Silver: Falling Wedge

XAG/USD, 1 day    LONG Dec 24
There is a falling wedge happening, the price is ready to break out. A falling wedge depicts a useful bullish price signal that predicts an interruption of a downtrend if price breaks through the resistance. There is a probability of a bullish continuation to the 24 level as XAG/USD resumes the upside.

Silver: Ascending Channel

XAG/USD, 1 hour    SHORT 2 days ago
There is an ascending channel occuring and the price is going to break out now. An ascending channel depicts a reliable price action signal that often identifies a bearish price action in case if price breakdown occurs. XAG/USD dives out bullish trendline towards 24.3 on a downside break as the commodity nears 24.42 hurdle.

Silver: Descending Triangle

XAG/USD, 1 day    LONG Jan 13
XAG/USD creates a descending triangle, the price is going to break out now. A descending triangle suggests a technical bullish price action indicator that can be used to signal that the price will rally further if price breaks out to the the upside. XAG/USD challenges a move to the 24 level.

Silver: Ascending Channel

XAG/USD, 1 hour    SHORT 2 days ago
We can see that the price gives an ascending channel, the price is going to break out now. An ascending channel often results in an interruption of an uptrend when price breaks down. XAG/USD violates bullish trendline to 24.2.

Silver: Ascending Triangle

XAG/USD, 1 hour    SHORT 2 days ago
It seems like an ascending triangle has been encountered and the price wants a more steady move as proof of a breakout. An ascending triangle can be thought of as a bearish pattern that can be used to signal a bearish price move once price breaks out. It is not ruled out that corrective downside to 24.3 will form as bears looking for downside correction.

Silver: Descending Channel

XAG/USD, 1 hour    LONG 5 days ago
It seems like a descending channel occurs and the price requests a further strong move to confirm descending channel breakout. A descending channel is believed to be a compelling bullish pattern that has a downward slope that is used to signal that the price to go up once price breaks out to the the upside. XAG/USD to resume its rise to the 23.1 zone on a breakout of the descending channel.

Silver: Ascending Channel

XAG/USD, 1 day    SHORT Nov 23
There is an ascending channel appearing. An ascending channel is believed to be a specific price indicator that is used to indicate a potential reversal in price action when price breakdown occurs. XAG/USD to slump to the 23 zone.

Silver: Bullish Flag

XAG/USD, 1 hour    LONG Nov 10
It seems like a bullish flag appears. In case if price breaks above resistance, the resulting move could identify that the price to go long. XAG/USD challenges a move towards 24.6.

Silver: Descending Channel

XAG/USD, 1 day    LONG Oct 15
There is a descending channel developing and the price is ready to break out now. A descending channel denotes a specific bullish price pattern with a downward bias that signals a bullish move if price breaks above resistance. XAG/USD advances higher to 24 as door open for a test of 24.

Silver: Bearish Flag

XAG/USD, 4 hours    SHORT Jan 14
There is a bearish flag detected. A bearish flag is believed to be a bearish chart indicator that is used to signal that the price to go down in case if price breaks out. There is a chance of a rangebound to 23 as outlook for XAG/USD stays negative.

Silver: Bullish Flag

XAG/USD, 1 hour    LONG Nov 10
XAG/USD creates a bullish flag and the price wants a bit more consolidation as proof of a breakout. A bullish flag depicts a pattern that often spots a bullish price action in case if price breaks above resistance. XAG/USD to extend its rebound towards 24.4.

Silver: Bearish Rectangle

XAG/USD, 1 hour    SHORT Nov 26
We can see that a bearish rectangle has been noticed and XAG/USD requires a bigger move as a clue of a breakout. A bearish rectangle is said to depict a technical price signal that is used to identify a sharp decline when price breaks through the support. A bearish push down towards 23.3 looks likely.
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