XAGUSD Spot Silver Rises LONG

I analyze that the XAGUSD pair is trending up mainly due to the fall of the USD dollar .

On the 60-minute chart, in the context of the volume profile an anchored VWAP as

well as the MACD indicator of Chris Moody and the Volume Price Trend, I see an tend

up for the pair from the fall as part of the market shift mid-day on Thursday.

The stop loss is at the support line and the target at the horizontal resistance. If traded

accurately in a leveraged forex environment a simple trade like this could yield significant

realized profits especially if the stop loss is carefully raised at regular intervals using

simple visual "eyeballing" or a mechanical approach using ATR.
ForexMetalsMoving AveragessilverlongspotsliverSupport and ResistanceVolumeXAG USD ( Silver / US Dollar)XAUUSD

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