After testing 27.9450 numerous times, XAG/USD is once again approaching this price point. Can we expect a bearish trend to follow?

A potential bearish movement on XAG/USD
XAG/USD is moving towards a line of 27.9450 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If XAG/USD continues in its current trajectory, we may see it move towards 27.9450 within the next 2 days.

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