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Apr 25, 2025
Trade ideas
XAGUSD, H4
XAGUSD is navigating within an ascending channel. The MACD histogram crosses the signal-line, suggesting a decline to the 33.00 support area, giving mixed sentiment for Silver:
If the price rebounds from the 33.00 support, the upside will be toward 34.00;
Sell XAGUSD on breaking below the lower border of the pattern with the target at 32.00.
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Timur Yurdagyul
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