XAGUSD 23 Nov 2022 .XAGUSD on the daily timeframe, it can be seen that the silver price has bounced slightly on the R1 line.
Referring to the OBV and Bulls power indicators which are still at a moderate level, traders should be careful.
The current price is probably bullish towards R2.
But if the price manages to penetrate R1 and is confirmed by touching the MA on the BB, then a go-short market entry is the next option.
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