SILVER 4H : Support to rise up
Updated
SILVER
New forecast
The silver price traded declined significantly and reached the level of 23.50, so we are forced to remain neutral until it shows the clearest trend during the coming trades.
Therefore the 23.50 - 23.35 levels is important fore Silver during coming period hence failure to stabilized under 23.35 it will support the price to rise up again and targeting 23.77 and 24.00 levels , taking into account that stabilized under 23.35 will put the price under sell pressure .
The expected trading range for today is between support 23.35 and resistance 24.00 .
resistance line : 23.77 , 24.00
support line : 23.50 , 23.35
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New forecast
The silver price traded declined significantly and reached the level of 23.50, so we are forced to remain neutral until it shows the clearest trend during the coming trades.
Therefore the 23.50 - 23.35 levels is important fore Silver during coming period hence failure to stabilized under 23.35 it will support the price to rise up again and targeting 23.77 and 24.00 levels , taking into account that stabilized under 23.35 will put the price under sell pressure .
The expected trading range for today is between support 23.35 and resistance 24.00 .
resistance line : 23.77 , 24.00
support line : 23.50 , 23.35
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 price of silver traded with noticeable positivity after testing the pivotal resistance 23.35 and quickly rebounded from it to head towards our expected target at 23.77, awaiting the resumption of the expected bullish wave in the immediate term, which targets the 24.00 and 24.60 levels.
Therefore the upward scenario will be remain valid for the coming period support by moving average 50 that is continue to support the price to rise up , but to confirm the bullish trend should stable above 23.77 and then our targets will be activate , taking into account that stabilized under 23.35 level will put the price under sell pressure .
The expected trading range for today is between support 23.35 and resistance 24.00 .
Additionally ,Today News will affect the market .
resistance line : 24.00 , 24.14
support line : 23.50 , 23.35
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 second targets .
The price of silver rose and reached our second target at 24.00 and rebounded from it quickly to find strong resistance at this level, waiting for a strong wave for the price to reach above this level and open the way for the price to head to 24.35 and 24.60.so stabilized above 24.14 and then our targets will be activate .
Therefore the upward scenario will be remain valid and effective during coming period , the moving average 50 support the price to rise up ,for reminder that failure to stabilized above 24.14 will force the price start a negative correction , taking into account that stabilized under 23.49 will postponed the bullish trend .
Additionally ,Today News will affect the market .
resistance line : 24.00 , 24.14
support line : 23.50 , 23.35
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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