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XAGUSD 25 Sep 2023

XAGUSD 25 Sep 2023 on the H4 timeframe. This commodity is trying to go back up after experiencing a significant bearish at the beginning of this month. It touched a high of 25,011 and then dropped to a low of 22,435 and this commodity managed to hit 23,480. Despite being above the kumo cloud on the ichimoku indicator, it appears that the candle chart shows bearish, but if referring to the stochastic indicator, it seems that there will be a trend reversal caused by oversold. Therefore go-long can be an option for traders. But if the opposite that happens, then go-short is the choice. Keep an eye on market movements and changes and trade with your own risk.

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