Silver (XAGUSD): Bearish Breakout And retest Short!
Price broke out of a very solid demand zone to the downside.
As you can see, the price is making a pullback to the support turned resistance zone which also aligns with the 61.8% Fibonacci retracement level.
I believe a rejection from this level could trigger a downward move to the support level which is a pullback support and also aligns with the 78.6% Fibonacci projection.
I'm bearish biased.
As you can see, the price is making a pullback to the support turned resistance zone which also aligns with the 61.8% Fibonacci retracement level.
I believe a rejection from this level could trigger a downward move to the support level which is a pullback support and also aligns with the 78.6% Fibonacci projection.
I'm bearish biased.
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