Update on Silver
Updated
Will it break resistance? We are inside the the trendline channel (yellow line) we can see strong resistance and price rejection from previous attempts of breaking.
I won't be surprised if we break downwards again at this resistance marked with red line and Pivot Standard. Last decent entries here once again were at 50/61% levels of the Fibonacci at around 23-24.
My suggestion would be to wait for a better pullback position, as we are approaching elections and based on price correlation with gold (read my analysis to understand).
I won't be surprised if we break downwards again at this resistance marked with red line and Pivot Standard. Last decent entries here once again were at 50/61% levels of the Fibonacci at around 23-24.
My suggestion would be to wait for a better pullback position, as we are approaching elections and based on price correlation with gold (read my analysis to understand).
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