On the D1 chart there is a downward movement correction; the instrument demonstrates sideways movement within the corridor formed by the center and lower lines of Bollinger® Bands. MACD histogram is in the negative zone keeping a signal for opening short positions. Stochastic is in the neutral zone, and the signal line of the oscillator is reversing downwards.
XAG/USD
On the H4 chart the instrument is growing in the direction of the upper line of Bollinger Bands. MACD histogram is near the zero level, and its volume is minimal. Stochastic is on the border with the overbought zone, the oscillator lines are directed horizontally.
Key Levels
Resistance levels: 14.86, 14.94, 15.09, 15.23, 15.49, 15.59, 15.65.
Support levels: 14.86, 14.77, 14.67, 14.44, 14.32.
Trading Tips
According to technical indicators, short positions could be opened from the current level with target at 14.44 and stop loss at 14.92. Implementation period: 1-3 days.
Long positions may be opened from 15.00 with target at 15.50. Stop loss — 14.70. Implementation period: 3-5 days.
Spot Silver Buy Sell Spread 14.83914.7859 Scenario Timeframe Day's Range Recommendations SELL Entry Point 14.76 Take Profit 14.44
Stop Loss 14.92 Support levels14.32, 14.44, 14.67, 14.77, 14.86, 14.86, 14.94, 15.09, 15.23, 15.49, 15.59, 15.65 Alternative scenario Recommendations BUY STOP Entry Point 15.00 Take Profit 15.50 Stop Loss 14.70 Support levels 14.32, 14.44, 14.67, 14.77, 14.86, 14.86, 14.94, 15.09, 15.23, 15.49, 15.59, 15.65