SILVER ( TRADING ABOVE DEMAND ZONE ) ( 4H )
Updated
XAGUSD
HELLO TRADERS
TARGET LEVEL :
HELLO TRADERS
- Tendency , the price is under bullish pressure , until trading above turning level .
- TURNING LEVEL : the price of turning level around , 28,68 , so if the price breaking this level reach a first support level , as long as silver price trading above this level reach a first resistance level .
- RESISTANCE LEVEL (1) : this level around 29,66 , for reach this resistance the price it will stabilizing turning level or corrective this level .
- RESISTANCE LEVEL (2) : around 30,48 , for reach this level it will be breaking by open 4h candle above resistance level (1)
- SUPPORT LEVEL (1) : this level around 28,01 , for reach this support level the price need breaking a turning level .
- SUPPORT LEVEL (2) : support level at 27.12 , for reach this level the price will be breaking by open 1h or 4h candle below support level (1) .
- CORRECTIVE : the price may be corrective turning level at 28,68 , before rising .
TARGET LEVEL :
- RESISTANCE LEVEL :29,66 , 30,48 .
- SUPPORT LEVEL : 28,01 , 27.12 .
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