XAGUSD: Trend Line Retest

XAGUSD, Daily

In the Daily timeframe, XAGUSD is testing the trend line again after breaking it. MACD indicates the possibility of a rise, but the 33.000 level is quite strong, and there is an Imbalance below it.

• A trend line break above 33.000 will bring Silver back to 34.500;

• A bounce from the trend line will drop XAGUSD to 32.000 and further down to 31.200;