SILVER 4H : Try to rise up again
Updated
SILVER
New forecast
Silver price trades rebounded lower after achieving the expected target at 24.60, to test the resistance at the 24.00 level, waiting for the resumption of positive trading to reach the 24.35 level and extend to the 24.60 level again, and by breaking it, it will reach 24.95 level .
Therefore, the bullish trend scenario will remain valid in the immediate term, keeping in mind that breaking 23.73 will stop the expected rise and put pressure on the price to turn lower.
The expected trading range for today is between support 23.73 and resistance 24.73 .
resistance line : 24.35 , 24.73
support line : 24.00 , 23.73
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New forecast
Silver price trades rebounded lower after achieving the expected target at 24.60, to test the resistance at the 24.00 level, waiting for the resumption of positive trading to reach the 24.35 level and extend to the 24.60 level again, and by breaking it, it will reach 24.95 level .
Therefore, the bullish trend scenario will remain valid in the immediate term, keeping in mind that breaking 23.73 will stop the expected rise and put pressure on the price to turn lower.
The expected trading range for today is between support 23.73 and resistance 24.73 .
resistance line : 24.35 , 24.73
support line : 24.00 , 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 ❤️
Trade closed: target reached
SILVER
Update
The price perfectly fulfills my last idea and price reached to our first target.
The price of silver appeared in new positive trades to approach our target at the level of 24.60, and we expect a breach of this level to open the way to continue the rise and achieve additional positive targets that reach the 24.95 areas.
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 , but right now it possible to do a retest and then 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 24.73 .
Additionally ,Today News will affect on the market .
resistance line : 24.35 , 24.73
support line : 24.00 , 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 ❤️
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