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Trading Signals for XAGUSD
Our trading signals have identified XAGUSD at around 30.434, having recently rebounded off the resistance on the 4-hour data interval. The price action of the stock has formed a Falling Wedge pattern, indicating a potential breakout. The projected movement is expected to take the price to around the 29.6726 level.
Strategy and Technical Indicators
- Technical Indicator: Falling Wedge pattern
- Trading Strategy: Breakout trading strategy
- Correlated Assets: Silver, Gold, precious metals
Economic Calendar Events
Traders should keep an eye on the following economic calendar events that may affect the price of XAGUSD:
- Non-Farm Payrolls
- Consumer Price Index (CPI)
- Unemployment Rate
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