Long
Cheap jewellery (Silver XAG/USD)
Setup
Silver is sitting just under multi-decade highs having broken above $34 resistance last month. The long term cup and handle pattern is still in place.
Signal
The price has been consolidating in what could be a bull flag pattern between 35 and 37. A breakout could trigger the next leg of the uptrend, whereas a drop below the bottom of the flag would imply a retest of 34.
Silver is sitting just under multi-decade highs having broken above $34 resistance last month. The long term cup and handle pattern is still in place.
Signal
The price has been consolidating in what could be a bull flag pattern between 35 and 37. A breakout could trigger the next leg of the uptrend, whereas a drop below the bottom of the flag would imply a retest of 34.
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Signup to my newsletter
(A weekly digest of the best trading education from around the web)
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Read and watch more educational trading content:
tradingwriters.com
(A weekly digest of the best trading education from around the web)
tradingwriters.substack.com/
Read and watch more educational trading content:
tradingwriters.com
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.