XAGUSD, H4
In the H4 time frame, XAGUSD breaches above the trendline and faces the 29.00 resistance level. The RSI oscillator indicates overbought conditions, potentially giving a bearish momentum for the asset.
- If the bulls push the price above 29.00, XAGUSD will rise to 30.50;
- A rebound from the 29.00 resistance will drop the price to 28.00 support.