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XAGUSD 10 Oct 2023

XAGUSD 11 Oct 2023 on the H4 timeframe. It can be seen that this commodity is still ranging between S1 and S2 after experiencing a significant bearish. Having occupied the price of 23,201 at the end of last month and then dropped to the price of 20,836 at the beginning of this month, this commodity is still trying to rise but has not succeeded. This commodity is currently inside the kumo cloud on the ichimoku indicator, trying to pentrated S1 line. If this commodity manages to break S1 and continues to rise towards R1 then go-long could be an option. But on the other hand, if referring to the stochastic indicator, there is a possibility of trend reversal due to overbought. If it happens, then go-short is an option. Keep an eye on market movements before making trading decisions.

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