Silver is trading at 14.90. Quotes XAG/USD moves below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend in Silver. Growth and the test of the lower border of the Ichimoku Kinko Hyo Cloud are expected near the level of 15.00. Where can we expect a rebound and the continuation of the fall in prices for Silver with a goal near the level of 14.45.
Silver Forecast and XAG/USD analysis April 29, 2019
An additional signal in favor of a drop in XAG/USD quotes will be the resistance level test. As well as a rebound from the upper limit of the bearish channel. Previously, a strong signal was received for SELL the Silver, due to the intersection of signal lines at the level of 15.00.
Cancellation of the quotation reduction option Silver will be the breakdown of the upper border of the Ichimoku Kinko Hyo Cloud with a close above the 15.15 area. This will indicate a change in the downward trend in favor of the upward trend and continued growth with a potential target near the 15.45 area. Expect to accelerate the fall in prices XAG/USD stands with the breakdown of the support area and closing below 14.75.
Silver Forecast and XAG/USD analysis April 29, 2019 involves an attempt to test the resistance level near the area of 15.00. Where can we expect to continue the fall of XAG/USD with a potential target near the level of 14.45. Cancel the option to reduce the instrument will make a strong growth and the breakdown of the area 15.15. In this case, we should expect a continuation of the rise with the goal above the level of 15.45.