Nov 25, 2024
Trade ideas
XAGUSD, H4
XAGUSD currently moving in a range after a robust decline. The price sandwiched between the 31.40 resistance and 30.60 support.
The Momentum aims to cross the mid-line down with the %R leaves the oversold zone. The price is testing a lower Bollinger band, giving a bullish sentiment.
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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