Market Analysis of XAGUSD on Monday 05 August 2024

2024-08-05 16:21Fonte:BtcDana

Technical Analysis:
The wave is still in play for silver, with a break and close above 29.2 being crucial for a further upside move towards the 31 level. Currently, the price is trading near important support zones, presenting a long opportunity near these levels with a stop loss at 27.2 and a target of 31. The time correction is over, and by next week, silver should be trading above 30.2 levels.

Disclaimer: Trading involves inherent risks and may not be suitable for everyone. Past performance is not indicative of future results. It is important to carefully consider your financial situation and risk tolerance before engaging in trading activities.

Mais