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  • Vasily Trader

SILVER (XAGUSD) Preparing For Bullish Continuation



Silver was stuck for quite a while on 24.0 horizontal structure resistance .

Setting higher lows after each retracement from that, the market formed an ascending triangle .

Breaking its resistance on Friday, it looks like the price is preparing for the next bullish move.


Your buy zone is the contracting area between a broken horizontal structure and a rising trend line of a triangle.

From that area, growth will be expected.


Look for a confirmation on lower time frames within that zone to buy wisely.


Next supports:

24.5

25.2

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