D:
Sentiment: Neutral
Trend:Up
Flow: Negative
Support: 29-29.20
Resistance: 30.50-31 Supply cluster
4hr:
Sentiment: above neutral
Trend: Up
Support: 30-30.30 demand cluster
Resistance: 30.80-31 UTL
1hr:
Sentiment: Above neutral
Trend: Up
Support: 30.20-30.30 demand cluster/UTL
Resistance: 30.50-30.85 supply cluster/UTL
Analysis:
Sentiment not really a factor here with everything around neutral territory. I like how we’ve trended sideways and cooled off some bearish sentiment on 1hr (profit taking imo). Positioning a bit mixed as we have supply clusters pretty much in the same range across all time frames. 1hr/4hr nice demand cluster area of 30-30.30 to act as a spot for a long or a SL range if already in. Like gold the dips may be light here until NFP as data is expected to come in on the softer side. I expect we stay in this range of 30-31 until then and the reaction will give an idea as to how to trade silver next.
Sentiment: Neutral
Trend:Up
Flow: Negative
Support: 29-29.20
Resistance: 30.50-31 Supply cluster
4hr:
Sentiment: above neutral
Trend: Up
Support: 30-30.30 demand cluster
Resistance: 30.80-31 UTL
1hr:
Sentiment: Above neutral
Trend: Up
Support: 30.20-30.30 demand cluster/UTL
Resistance: 30.50-30.85 supply cluster/UTL
Analysis:
Sentiment not really a factor here with everything around neutral territory. I like how we’ve trended sideways and cooled off some bearish sentiment on 1hr (profit taking imo). Positioning a bit mixed as we have supply clusters pretty much in the same range across all time frames. 1hr/4hr nice demand cluster area of 30-30.30 to act as a spot for a long or a SL range if already in. Like gold the dips may be light here until NFP as data is expected to come in on the softer side. I expect we stay in this range of 30-31 until then and the reaction will give an idea as to how to trade silver next.
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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.
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.