Support and Resistance Silver Technical Analysis & Support & Resistance Trading Signals

Support & Resistance is one of the widely used concepts in silver trading. Most traders draw horizontal lines to explain these levels.

There is also an indicator used to draw these levels automatically & indicate the resistance and support levels.

When it comes to these levels xagusd price can either bounce off these regions or break out through these regions.

If a resistance level is broken xagusd price will move higher and the resistance level will turn to a support.

If a support level is broken xagusd price will move lower & this level will turn to a resistance.

Silver Price where the majority of investors believe that xagusd trading prices will move higher, while resistance levels indicate the xagusd trading price at which a majority of investors feel xagusd trading prices will move lower.

Once xagusd trading price has broken through a support or a resistance then it is likely that the xagusd price will continue to move in that specific direction until such a time when it gets to the next support or resistance zone.

The more often a support or resistance level is tested or is touched by the xagusd price and bounces, the more major that particular level becomes.

XAGUSD Technical Analysis & Generating Trading Signals

These levels are calculated a silver trend lines method.

Upwards XAGUSD Trading Trend

In an upwards silver trend the resistance & support will generally head upward

Upward Silver Trading Trend

Downwards XAGUSD Trading Trend

In a downwards silver trend the resistance and support will generally head downward

Downward Silver Trading Trend