XAG/USD - Wedge Breakout (Weekly Forecast Feb 24-28)

23 feb

The XAG/USD Pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.

Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.

Target Levels:
1st Support – 31.25
2nd Support – 30.67

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23 feb

Trade attivo

Taken

7 giorni fa

Nota

The dollar advanced against major currencies, Gold and Silver prices eased as investors booked profits from the previous session's record high.

6 giorni fa

Nota

4 giorni fa

Nota

The U.S. dollar got stronger because Treasury yields (interest rates on government bonds) went up. This happened as people were thinking about possible changes in trade policies and the economy under President Trump.

3 giorni fa

Trade chiuso: obiettivo raggiunto

with Good Profit