Strifor || SILVER-29/02/2024
Updated
Preferred direction: BUY
Comment: The situation with silver has changed. Buy-priority remains relevant in the longer term, but the areas and entry levels are currently different from previous ones. As far as we know, today is expected to be a busy day in terms of the economic calendar. Therefore, increased volatility should not be a surprise.
Today we are considering two scenarios, and here, it will most likely be better to take a closer look at the long position through the "divergence" strategy. To do this, you need to use the well-known RSI or MACD, for example.
The level of 22.66582 is in the spotlight, and growth above this level is not expected in the short term.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The situation with silver has changed. Buy-priority remains relevant in the longer term, but the areas and entry levels are currently different from previous ones. As far as we know, today is expected to be a busy day in terms of the economic calendar. Therefore, increased volatility should not be a surprise.
Today we are considering two scenarios, and here, it will most likely be better to take a closer look at the long position through the "divergence" strategy. To do this, you need to use the well-known RSI or MACD, for example.
The level of 22.66582 is in the spotlight, and growth above this level is not expected in the short term.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Trade active
Trade closed: target reached
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