Medium-term buy: silver
Updated
Based on channel.
Low RSI
Bottom of channel - risk of breakout but maintain tight SL to minimise risk
Low RSI
Bottom of channel - risk of breakout but maintain tight SL to minimise risk
Comment
Bit of a scare as the resistance level was strongly tested, indicating risk of breakout. However, this has reversed with a strong bullish candle, indicating buying power in the market. The trend should now continue up to the identified resistance level turned support line @23.430.
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