XAG/USD: Awaiting Confirmation for Potential Bullish Reversal
Hello Everyone,
XAG/USD has been bearish for longer than expected. Currently, the price has hit a fresh 3-month low at $26.434. We are now looking for another confirmation from the 1D Pivot Point (PP) to see if it will continue to act as support, as it has so far. If it does, we could be heading to new highs! Both the Simple Moving Average (SMA) and Exponential Moving Average (EMA) (5-200) confirm this outlook. All we need now is that confirmation, and we’re off to the races!
TradeWithTheTrend3344
XAG/USD has been bearish for longer than expected. Currently, the price has hit a fresh 3-month low at $26.434. We are now looking for another confirmation from the 1D Pivot Point (PP) to see if it will continue to act as support, as it has so far. If it does, we could be heading to new highs! Both the Simple Moving Average (SMA) and Exponential Moving Average (EMA) (5-200) confirm this outlook. All we need now is that confirmation, and we’re off to the races!
TradeWithTheTrend3344
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