XAG/USD, D1

On the H4 chart, there is a downward correction, the instrument demonstrates side movement within the corridor formed by the middle and lower lines of Bollinger Bands. MACD histogram is in the negative zone keeping a signal for the opening of short positions. Stochastic moves out of the oversold zone, the oscillator lines are directed upwards.

XAG/USD, H4

On the H4 chart, the instrument demonstrates side movement within the narrow corridor formed by the borders of Bollinger Bands. MACD histogram is in the negative zone, gradually reducing its volume. Stochastic is in the neutral zone, on the border with the oversold area, the signal line is pointing down.

Key levels

Support levels: 14.15, 14.05, 13.98.

Resistance levels: 14.29, 14.37, 14.48, 14.65, 14.82, 14.98.

Trading tips

According to technical indicators, short positions could be opened from the current level with the target at 13.60 and stop loss at 14.50.

Long positions may be opened from the level of 14.55 with the target at 14.98 and stop loss at 14.25.

Implementation time: 3-5 days.

Spot Silver

BuySellSpread
14.49314.368125

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point14.13
Take Profit13.60
Stop Loss14.50
Support levels13.98, 14.05, 14.15, 14.29, 14.37, 14.48, 14.65, 14.82, 14.98

Alternative scenario

RecommendationsBUY STOP
Entry Point14.55
Take Profit14.98
Stop Loss14.25
Support levels13.98, 14.05, 14.15, 14.29, 14.37, 14.48, 14.65, 14.82, 14.98
XAG/USD: technical analysis

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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