Silver is at a critical point as it is approaching Resistance (1) at 24.600 that is holding for the past 3 months.
The MA50 (1d) is flattened and is inside the Pivot Zone.
Trading Plan:
1. Sell as long as the price is closing under Resistance (1).
2. Buy if the price closes (as 1d candle) over Resistance (1).
Targets:
1. 22.250 (Pivot Zone).
2. 26.000 (under Resistance 2).
Tips:
1. RSI (1d) crossed over the 70.00 overbought level. Every such crossing always made a pull back to the Pivot Zone.
2. Long term the price is supported on a Rising Support. Unless this breaks, the long term trend is bullish.
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The MA50 (1d) is flattened and is inside the Pivot Zone.
Trading Plan:
1. Sell as long as the price is closing under Resistance (1).
2. Buy if the price closes (as 1d candle) over Resistance (1).
Targets:
1. 22.250 (Pivot Zone).
2. 26.000 (under Resistance 2).
Tips:
1. RSI (1d) crossed over the 70.00 overbought level. Every such crossing always made a pull back to the Pivot Zone.
2. Long term the price is supported on a Rising Support. Unless this breaks, the long term trend is bullish.
Please like, follow and comment!!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.