Strifor || SILVER-26/03/2024
Updated
Preferred direction: BUY
Comment: Metals also look good for long-trade at the beginning of this week, but buyers here will most likely have more difficulties than on the same currency pairs. A more likely scenario, especially for silver, is to first fall below local support before rising. This maneuver made it possible to rid the market of "spare buyers" and attract more sellers. In turn, this allows, with new forces (updated resources), to make a breakthrough towards the local maximum at level 26. The above assumption is fully consistent with scenario №1.
Scenario №2 is also in our arsenal, but in this case the trade volume is less than in scenario №1, since the likelihood of such a maneuver being realized is much less.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Metals also look good for long-trade at the beginning of this week, but buyers here will most likely have more difficulties than on the same currency pairs. A more likely scenario, especially for silver, is to first fall below local support before rising. This maneuver made it possible to rid the market of "spare buyers" and attract more sellers. In turn, this allows, with new forces (updated resources), to make a breakthrough towards the local maximum at level 26. The above assumption is fully consistent with scenario №1.
Scenario №2 is also in our arsenal, but in this case the trade volume is less than in scenario №1, since the likelihood of such a maneuver being realized is much less.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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Trade closed: target reached
Reversal is expecting.
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