Silver / U.S. DollarShort
SILVER (XAG/USD) – Week 12 – Sweet spot on the radar.
Last week was a corrective week for Silver, as the FOMC meeting had little impact on the price.
For this week, we expect the price to give us a reaction at the “sweet spot” located around the $27 area and then resuming its bearish move towards our target. After our target is reached, we are expecting a strong reversal. Supported by a powerful Weekly bullish trend, Silver could provide a great investment opportunity, having a great chance to reach at least the $35 landmark.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week, we expect the price to give us a reaction at the “sweet spot” located around the $27 area and then resuming its bearish move towards our target. After our target is reached, we are expecting a strong reversal. Supported by a powerful Weekly bullish trend, Silver could provide a great investment opportunity, having a great chance to reach at least the $35 landmark.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.