Should we expect a breakout or a rebound on XAGUSD?

Emerging Rising Wedge pattern in its final wave was identified on the XAGUSD 30 Minutes chart. After a strong bullish run, we find XAGUSD heading towards the upper triangle line with a possible resistance at 30.7434. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.

Past performance is not an indicator of future results.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Opere Ahora