Silver / U.S. DollarShort
SILVER 4H : Try to drop
Updated
SILVER
New forecast
The silver price faced negative pressure yesterday to break the 23.73 level and settle below it. Therefore, breaking the 23.50 level will have a negative impact and push the price to decline towards 23.00 and 22.60 levels directly.
Therefore the downward scenario will be remain valid and effective during coming period , supported by the negative pressure formed by the moving average 50, keeping in mind that breaching the 23.73 levels will stop the expected decline and push the price to recover again.
The expected trading range for today is between support 22.60 and resistance 23.73 .
Additionally ,Today News will affect on the market .
resistance line : 23.50 , 23.73
support line : 23.00 , 22.60
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New forecast
The silver price faced negative pressure yesterday to break the 23.73 level and settle below it. Therefore, breaking the 23.50 level will have a negative impact and push the price to decline towards 23.00 and 22.60 levels directly.
Therefore the downward scenario will be remain valid and effective during coming period , supported by the negative pressure formed by the moving average 50, keeping in mind that breaching the 23.73 levels will stop the expected decline and push the price to recover again.
The expected trading range for today is between support 22.60 and resistance 23.73 .
Additionally ,Today News will affect on the market .
resistance line : 23.50 , 23.73
support line : 23.00 , 22.60
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 traded with strong negativity yesterday, succeeding in touching our expected target at 23.00, and we note that the price closed below this level, supporting the chances of continuing the downward trend in the immediate term, noting that our next target reaches 22.60 level and extend to 22.21 level
Therefore, we are awaiting further declines expected during the coming sessions, keeping in mind that breaching 23.73 and holding above it may push the price to begin recovery attempts and build an upward intraday wave before any new attempt to decline.
The expected trading range for today it will be between support 22.21 and resistance 23.73 .
Additionally ,Today News will affect on the market .
resistance line : 23.50 , 23.73
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 active
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