XAGUSD has broken above the long-term resistance of 35 and is extending higher. This is the third long-term wave with a target of 40 within a rising channel. Support now is 35.85, and the ultimate target is 42. Learn to Trade stocks profitably.
The XAGUSD weekly chart is revealing a strong resistance of 36.66, which is being breached, and now we have a next point of interest higher 39, which is a potential short-term target. This is a multi-month consolidation triangle being broken to the upside, and this is a strong indicator of a continuation of a long-term uptrend. Any possible dip to 35.80 should be bought.
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How can we trade this?
It is a fact that a strong upside resistance for Q2 2025 is 36, and it is broken, so we have a strong continuation higher. You can try with a long-trade entry with SL below 35.80, to exploit the opportunity. For inquiries about account management or copy trading, please write to [email protected] or contact me on WhatsApp or Live chat.
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