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ASCENDING CHANNEL
Silver
XAG/USD
4H
An ascending channel is revealed, silver asks for a bearish move as evidence of a breakout.
An ascending channel depicts a technical bearish price action formation that is angled up that can be used to indicate an upward trend is about to reverse into an downward trend in case if price breakdown occurs.
Silver dives out bullish trendline to the 62 zone on a breach of 63.5.
ASCENDING TRIANGLE
Silver
XAG/USD
1D
An ascending triangle is very close to being completed, the price is going to break out soon.
When price breaks through the resistance, the resulting move could indicate the bears have run out of steam.
Silver to jump to the 64 zone as bulls look for entries.
DESCENDING TRIANGLE
Silver
XAG/USD
1H
It looks like a descending triangle forms and the price calls for a move to confirm descending triangle breakout.
A descending triangle denotes a compelling bullish price signal that is used to predict a bullish move when price breaks through the resistance.
There is a probability of a rangebound towards 62 as minor hurdle remains at 61.7.
RECTANGLE
Silver
XAG/USD
1H
There is a rectangle diagnosed, the price breaks out soon.
A rectangle is a bearish price signal that often identifies a next move down if price collapses through the support line.
It is likely that a bearish run towards the 61 zone will be made on a downside break.
ASCENDING CHANNEL
Silver
XAG/USD
1H
As we can see an ascending channel develops and the price is breaking out.
An ascending channel indicates an upward trend is nearing its end in case if price breaks below support.
Silver to turn bearish to 61 on a breach of 62.2.
FALLING WEDGE
Silver
XAG/USD
1D
There is a falling wedge detected.
A falling wedge typically spots a bullish price action once price breaks out.
Silver to surge considerably towards the 60 zone on a breach of 59 amid silver reclaims part of the ground lost.
RECTANGLE
Silver
XAG/USD
4H
It seems like the price creates a rectangle and silver demands a next bullish move as a sign of a breakout.
A rectangle indicates that the price will rally further when price breaks through the resistance.
There is a chance of a move to 59.5 on a upside break as uptrend may continue.
RECTANGLE
Silver
XAG/USD
1H
There is a rectangle happening, the price is ready to break out now.
A rectangle predicts an extension in the upward direction if price breaks through the resistance.
A further bullish continuation towards the 59.5 level is about to happen on a breakout of the rectangle.
DESCENDING CHANNEL
Silver
XAG/USD
1H
We can see that a descending channel is diagnosed.
A descending channel typically spots price heading to a new direction if price breaks out.
It is likely that a rangebound to the 59 level will be made as silver becomes supported.
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