SILVER Technical Analysis Update

FOREXCOM:XAGUSD   Silver / U.S. Dollar
Midterm forecast:
. 18.95 is a major support, while this level is not broken, the Midterm wave will be uptrend.
. We will close our open trades, if the Midterm level 18.95 is broken.

Technical analysis:
. While the RSI uptrend #1 is not broken, bullish wave in price would continue.
. A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to resistance(s) 22.15, 23. 05 , 25.10 and more heights is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 83.

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+2 Reply
ForecastCity_ME Forecast_Crypto
@Forecast_Crypto, Thank you for your comment 🍀 💙 😊
+1 Reply
good update and nice targets.
+2 Reply
ForecastCity_ME Pro_Trader_007
@Pro_Trader_007, Thanks 😊
+1 Reply
Nice chart. Thanks
+2 Reply
ForecastCity_ME Mehmetozdemi
@Mehmetozdemi, You're welcome 💙
+2 Reply
Well done Fantastic graph and comments. I've put in my trade Hope to hear again from you Thanks
+2 Reply
ForecastCity_ME Shiva_forex
@Shiva_forex, Thanks for your comment. We hope you get the most out of it. Good luck!
+2 Reply
Good technical idea...everyone should follow will work
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