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Silver is Testing The Middle Point of the Bearish Trend

November 26, 2020
in ANALYSIS, DAILY UPDATES, Home, MARKETS, Spot Metals, Technical Analysis
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XAGUSD Hourly Chart
XAGUSD, Hourly Chart

XAGUSD is in a bearish trend in the short-term which started on 16 November. The Middle line of this downtrend is at near 23.40 level. If the price breaks this resistance level to the upside, the upper band of the trend channel which is currently at 23.85 may become a target.

For downside moves, 23.20 can be followed as a support level for intraday movements. Below this level, XAGUSD may fall to 22.92 in short term.

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    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

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