Tag: SupportResistance

Is XAG / USD preparing for a rally towards the $ 26 level?

Is XAG / USD preparing for a rally towards the $ 26 level?

Silver bulls are picking up pace ahead of the next move up. XAG / USD has achieved a descending wedge breakout on the 1 hour chart. The 100 hourly SMA offers immediate resistance, with a bullish RSI. Silver (XAG / USD) is testing the resistance of the downward sloping 100 hourly moving average at $ […]