- Silver is going to rally to its strong SUPPLYZONE
- The selling pressure will possibly activated as price goes near to cluster of high selling volume (point of control)
- In which, big money on short position will incur higher selling force to resist price rally above SUPPLY ZONE.
- While long position trader will trigger selling order to take profit near SUPPLY ZONE.
- Large selling order being placed near SUPPLY ZONE, shall then make significant price retracement to at least fib 61.8%
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.