The image is a price chart from TradingView showing CFDs on Silver (US$/OZ) on a 1-hour timeframe. The chart includes technical analysis with support and resistance levels drawn in purple and a projected price movement marked in blue.
Key Observations:
Current Price: 32.2809
Resistance Level: Around 32.6000
Support Level: Around 31.8000
Projected Movement:
A potential price increase toward resistance (~32.6000)
Followed by a drop to support (~31.8000)
This suggests a possible bearish movement after reaching resistance. Would you like further analysis or trade ideas based on this setup?
Key Observations:
Current Price: 32.2809
Resistance Level: Around 32.6000
Support Level: Around 31.8000
Projected Movement:
A potential price increase toward resistance (~32.6000)
Followed by a drop to support (~31.8000)
This suggests a possible bearish movement after reaching resistance. Would you like further analysis or trade ideas based on this setup?
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.
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.