SILVER 4H : Support further rise up
Updated
SILVER
New forecast
The silver price tested the 23.73 level and maintained its stability above it, as the 50 moving average meets this support to add more strength to it, which supports the chances of resuming the expected upward trend in the intraday term, which targets the 24.35 level as the next main station and extend to 24.60 level .
Therefore, we are awaiting further rise in the coming sessions. supported by moving average 50 that is continue to support the price to rise up , taking into account that stabilized under 23.73 level will put the price under sell pressure .
The expected trading range for today is between support 23.73 and resistance 24.60.
Additionally ,Today News will affect on the market .
resistance line : 24.35 , 24.60
support line : 23.73 , 23.00
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New forecast
The silver price tested the 23.73 level and maintained its stability above it, as the 50 moving average meets this support to add more strength to it, which supports the chances of resuming the expected upward trend in the intraday term, which targets the 24.35 level as the next main station and extend to 24.60 level .
Therefore, we are awaiting further rise in the coming sessions. supported by moving average 50 that is continue to support the price to rise up , taking into account that stabilized under 23.73 level will put the price under sell pressure .
The expected trading range for today is between support 23.73 and resistance 24.60.
Additionally ,Today News will affect on the market .
resistance line : 24.35 , 24.60
support line : 23.73 , 23.00
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
SILVER
Update
The price of silver fluctuates around the $24.00 barrier, and receives positive support from the moving average 50, so that opportunities remain available for the continuation of the expected upward trend in the immediate term. Our main awaited target is at 24.35 level and extend to 24.60level
Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to rise up , Remembering the importance of stability above the 23.73 level for the continuation of the proposed bullish wave.
The expected trading range for today is between support 23.73 and resistance 24.60.
Additionally ,Today News will affect on the market .
resistance line : 24.35 , 24.60
support line : 23.73 , 23.00
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached
SILVER
UPDATE
The price perfectly fulfills my last idea and price reached to our first target .
The silver price presented new positive trades yesterday and reached the expected target at 24.35, reinforcing expectations for the continuation of the upward trend, noting that breaching this level will extend the upward wave to reach the 24.60 areas as the next positive station.
Therefore the upward scenario will be remain valid and effective during coming period ,Moving average 50 continues to support the expected bullish wave, which will remain in place unless the 23.73 level is broken and holds below it.
The expected trading range for today is between support 23.73 and resistance 24.60.
Additionally ,Today News will affect on the market .
resistance line : 24.35 , 24.60
support line : 23.73 , 23.00
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
SILVER
Update
The price perfectly fulfills my last idea and price reached to near to our second targets .
The price of silver rose in yesterday's trading, approaching our second expected target at 24.60, waiting for a new positive incentive to penetrate the 24.73 level and hold above it. We expect the upward trend to continue by exceeding this level and achieving additional gains of up to 24.95 and extending to the 25.50 level. In the near term.
Therefore, the bullish scenario will remain valid and effective during the coming period, supported by the 50 moving average that carries the price from below. On the other hand, you must be aware that breaking 23.73 and holding below it will stop the expected rise and put pressure on the price to decline.
The expected trading range for today is between support 24.35 and resistance 24.95 .
Additionally ,Today News will affect on the market .
resistance line : 24.60 , 24.95
support line : 24.35 , 23.73
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
SILVERUpdate
Sideways and weak trades dominate the Silver price due to the holiday in the financial markets, so the scenarios suggested in our recent reports remain unchanged, and we recommend reviewing them to learn about the trends.
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