XAGUSD, Daily
In the Daily timeframe, XAGUSD broke the global trendline, but the price retraced to it. Despite the breakout, DeMarker indicates the possibility of a bullish trend.
- If Silver breaks the trendline above 31,500, it will reach up to 32,300 and 33,000;
- A rebound from the trendline would bring XAGUUSD back to 30.200;
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Egor Schmidt
