According to my analysis for the XAGUSD for the day I founds that the price is now below the level 16.34 colored by red naming a new price for resistance level at MBFX indicator.
Adding this to the bullish signal shown on the vestro indicator by the current time I will bet on the down trend direction .
At this situation I think the support area at 16.21 can be used as the first level to get the profits of selling orders to help save the balance in case of fake trend and then you can target the next levels as you can see at the support located at 15.99 This action could remain strong as long as the price can't be able to break the level of 16.47 which will be a very strong signal about different buying direction under making.
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