XAGUSD 23 Nov 2022

XAGUSD 23 Nov 2022

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.

RELATED NEWS

XAU/USD breaches 1950 key resistance level

XAU/USD breaches 1950 key resistance level from FOMC’s Dovish comments and slower pace of interest Rate hikes yesterday raising only 25bps. One more resistance for

All Major Currency pairs remains trapped

All Major Currency pairs remains trapped in a range bound market condition, GBP/USD shown here remains traded between 1.2300 and 1.2450 as the market brace