Open:
High:
Low:
Close:
ASCENDING CHANNEL
Silver
XAG/USD
1H
It seems like an ascending channel is found, the price is ready to break out soon.
Once price breaks out, the resulting move could identify a bearish price action.
It is likely that decline towards the 84 level will be made on a breach of 85 amid the commodity recedes from recent highs.
ASCENDING TRIANGLE
Silver
XAG/USD
4H
There is an ascending triangle exposed.
An ascending triangle represents a bullish chart pattern that signals an extension in the upward direction when price breaks above resistance.
It is not ruled out that a bullish continuation to the 84 mark will happen as bulls looking for profit.
DESCENDING TRIANGLE
Silver
XAG/USD
1H
A descending triangle appears and the price is close to breaking out.
A descending triangle is said to depict a reliable bullish price signal that can be used to indicate an extension in the upward direction when price breaks out.
Silver to jump towards 78.
DESCENDING CHANNEL
Silver
XAG/USD
1H
There is a descending channel determined.
If price breaks out, the resulting move could signal that the price to go up.
Silver now looks to the 77 zone.
FALLING WEDGE
Silver
XAG/USD
1H
There is a falling wedge diagnosed, the price breaks out.
A falling wedge can be thought of as a reliable chart indicator that typically identifies a move up in case if price breaks out to the the upside.
Silver points to the upside towards the 78 zone while above 76.
ASCENDING CHANNEL
Silver
XAG/USD
4H
An ascending channel is close to being complete and the price requests active fall as a clue of a breakout.
An ascending channel often spots a bearish price move if price breakdown occurs.
Silver looks for a setback towards the 74 mark.
ASCENDING CHANNEL
Silver
XAG/USD
1H
An ascending channel arises, silver asks for steady pullback as proof of a breakdown.
An ascending channel identifies that the price to go down once price breaks out to the the downside.
Silver to extend its setback to the 78 mark on a breakout of the ascending channel as minor hurdle remains at 79.
ASCENDING CHANNEL
Silver
XAG/USD
1H
Silver establishes an ascending channel.
In case if price breaks down, the resulting move could spot a further move down.
Silver now looks towards 78 on a breach of 79.5.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
It seems like the price sets up an ascending triangle, the price is about to break out.
An ascending triangle is considered to be a compelling bearish pattern that is used to indicate a further move down in case if price collapses through the support line.
Silver to slide towards 75.
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