SILVER (XAG/USD) | 16.500 - Keep An Eye On It!

Hi,

Green area consists of:
1) Fibonacci Golden Ratio 62%
2) Fibonacci Extension 127%
3) Middle number 16.500
4) Daily & Weekly EMA200 are around the marked area.
5) 2X AB=CD!
6) Channel projection
7) Let the bullish price action around the green area guides you into the trade!

16.500 is the key level, wait for a smaller timeframe candlestick patterns after the touch. As said let the price action guides you into the trade ;)


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Regards,
Vaido