SILVER 4H : Retest and then will rise up
Updated
SILVER
New forecast
The price of silver ended last Friday's trading with strong negativity, settling below the 23.00 level and confirming the shift to decline, on its way to testing the 22.21 level initially, and we are likely to break this level to achieve additional negative targets up to 22.00 level and then will rise up again .
Therefore, a bearish bias will be likely for today, supported by the negative pressure formed by the moving average 50, taking into account that breaching 23.00 will stop the expected decline and push the price to recover again.
The expected trading range for today it will be between support 22.00 and resistance 23.00 .
Additionally ,Today News will affect on the market .
resistance line : 22.60 , 23.00
support line : 22.21 , 22.00
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New forecast
The price of silver ended last Friday's trading with strong negativity, settling below the 23.00 level and confirming the shift to decline, on its way to testing the 22.21 level initially, and we are likely to break this level to achieve additional negative targets up to 22.00 level and then will rise up again .
Therefore, a bearish bias will be likely for today, supported by the negative pressure formed by the moving average 50, taking into account that breaching 23.00 will stop the expected decline and push the price to recover again.
The expected trading range for today it will be between support 22.00 and resistance 23.00 .
Additionally ,Today News will affect on the market .
resistance line : 22.60 , 23.00
support line : 22.21 , 22.00
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 targets .
The price of silver shows noticeable positive trading, reaching near the expected target at the level of 23.00, and the way appears open to exceeding this level and achieving additional gains of up to 23.50 and extend to 23.73.
Therefore, the upward trend scenario will remain valid and effective for the coming period, supported by the 50 moving average that carries the price from below, recalling the importance of stability above 22.60 for the continuation of the expected rise.
The expected trading range for today it will be between support 22.60 and resistance 23.73 .
resistance line : 23.00 , 23.50
support line : 22.60 , 22.21
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 manually
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