Indices and commodities
#SILVER
Short
Active
XAG/USD | Lower and going towards the $73 level! for OANDA:XAGUSD by AmirAliTrading
TradingView
SILVER
Indices and commodities
Active
Current price
76.49
USD
PNL
+0.60%
76.49 USD
Stop Loss
5.13%
80.90 USD
Take Profit
5.13%
73.00 USD
Rationale
TradingView idea: XAG/USD | Lower and going towards the $73 level! for OANDA:XAGUSD by AmirAliTrading
TradingView symbol: XAGUSD
By analyzing the 4H chart of Silver we can see that after it reached the supply zone, it started to drop heavily from 89.30 all the way to 76.30 level! And is now being traded at 76.60. This drop means that all of our targets from previous analysis were reached.
I expect Silver to drop all the way towards the Demand Zone, meaning that the April 13th and May 4th NWOGs which are acting as supports, will be broken down!
Key Demand Zone: 72.76-73.32
The strait of Hormuz being still closed and …
Key details
- Ticker
- SILVER
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Active
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