Sunday, December 22, 2024

XAGUSD at Consolidate and trying to re-enter towards the channel which leads to -725 points
1 mins well spent

XAGUSD Analysis

XAGUSD is at the retest area and the lower high area of the channel in the 4-hour timeframe chart

sl

After the confirmation of the Downward movement, XAGUSD Sell signal was given.

XAGUSD Update

XAGUSD is Consolidate and trying to re-enter towards the channel, which leads to the SL price. However, XAGUSD still have chances to Fall from the retest and the lower high area

Reason : Due to the release of more Economic news mentioned below, the market is not making technical movement for now.

U.S. Initial Jobless Claims
U.S. 30-Year Bond Auction

Please note In the forex market, technical works 80% of the time, and fundamental works 20% of the time. This time fundamental wins. Be patience and wait for the next good opportunity signal.

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