XAGUSD: Inverted Head and Shoulders

XAGUSD, H4

On the H4, XAGUSD formed an inverted head and shoulders pattern. The price has reached the neckline level and is actively testing strong resistance. At the same time, the lips have crossed the jaw on the Alligator.

• We consider buying XAGUSD only on consolidation above 33.100 with targets to 33.650 and further to 34.100;