XAG/USD: General analysis
Current trend
Yesterday the price of silver continued trading in flat. However, the recent two-month growth in the instrument suggests that silver restored its investment attractiveness and that the price is likely to continue growing.
Scenario
Timeframe Intraday
Recommendation BUY
Entry Point : 17.95
Take Profit : 18.35
Stop Loss : 17.50
Key Levels : 16.50, 17.05, 17.40, 17.75, 18.35, 19.00, 19.80
Alternative scenario
Recommendation SELL STOP
Entry Point : 17.70
Take Profit : 17.40, 17.05
Stop Loss : 18.00
Key Levels : 16.50, 17.05, 17.40, 17.75, 18.35, 19.00, 19.80
Current trend
Yesterday the price of silver continued trading in flat. However, the recent two-month growth in the instrument suggests that silver restored its investment attractiveness and that the price is likely to continue growing.
Scenario
Timeframe Intraday
Recommendation BUY
Entry Point : 17.95
Take Profit : 18.35
Stop Loss : 17.50
Key Levels : 16.50, 17.05, 17.40, 17.75, 18.35, 19.00, 19.80
Alternative scenario
Recommendation SELL STOP
Entry Point : 17.70
Take Profit : 17.40, 17.05
Stop Loss : 18.00
Key Levels : 16.50, 17.05, 17.40, 17.75, 18.35, 19.00, 19.80
