Silver and the horizontal resistance
Silver is in a downtrend..it is very likely that it will return to line 1 after bouncing on the horizontal resistance.
However, if it breaks this horizontal resistance on the circled point, it is very likely that it would turn towards the line 2 after a probable rebound on the horizontal resistance. From that moment we can expect a new upward trend
However, if it breaks this horizontal resistance on the circled point, it is very likely that it would turn towards the line 2 after a probable rebound on the horizontal resistance. From that moment we can expect a new upward trend
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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.