02.11.2021
The overall trend is upward. Silver trades in the range of 365 and 135 moving averages. The descending wave pattern of the H2 level is truncated. The Awesome Oscillator shows a bullish divergence. Breaking 24.09 will result in the formation of an ascending wave pattern, where the wave (A) has broken through the inclined channel of the truncated descending pattern.
XAG/USD rate online: monitor the price movement in real time.
Trading idea:
Buy at the breaking of the 24.09 level.
Stop Loss: below the local minimum – 23.65.
Target levels: 24.800; 25.800.
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