Should we expect a breakout or a rebound on XAGUSD?

XAGUSD is heading towards 24.6070 and could reach this point within the next 6 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Past performance is not an indicator of future results.
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