Silver 4H : Support further rise
Updated
SILVER
New forecast
Silver price trading settled above the 23.00 level after the strong upward rally witnessed yesterday, enhancing the chances of the continuation of the upward trend during the coming sessions and heading to visit the 23.49 level and stability above it that will reach 23.77 and 24.00.
therefore , the upward scenario will be remain valid and effective during coming period supported by the moving average 50, taking into account that failure to breach 23.49 will put the price under sell pressure in the short-term and keeping in mind that the continuation of the upward wave depends on stability above the 23.00 level.
The expect range trading for today it will be between resistance line 23.49 and support line 23.00 until stabilized .
Additionally , Today News will affect on the market .
resistance line : 23.35 , 23.49
support line : 23.00 , 22.73
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New forecast
Silver price trading settled above the 23.00 level after the strong upward rally witnessed yesterday, enhancing the chances of the continuation of the upward trend during the coming sessions and heading to visit the 23.49 level and stability above it that will reach 23.77 and 24.00.
therefore , the upward scenario will be remain valid and effective during coming period supported by the moving average 50, taking into account that failure to breach 23.49 will put the price under sell pressure in the short-term and keeping in mind that the continuation of the upward wave depends on stability above the 23.00 level.
The expect range trading for today it will be between resistance line 23.49 and support line 23.00 until stabilized .
Additionally , Today News will affect on the market .
resistance line : 23.35 , 23.49
support line : 23.00 , 22.73
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
Trade closed: target reached
SILVER
Update
The price of Silver rose up and reached to our first target after rally witnessed yesterday , and now trading above 23.50 , to expect the uptrend during coming period .
Therefore the upward scenario will be remain valid during coming period supported by moving average 50 that is continue to support the price to rise up .but to confirm the bullish trend should stable above 23.50 and then will try to reach the others targets , taking into account that if price reversed and stabilized under 23.50 then the price will be under sell pressure again .
The expect range trading for today it will be between resistance line 23.77 and support line 23.50 until stabilized .
Additionally , Today News will affect on the market .
resistance line : 23.77 , 24.00
support line : 23.50 23.35
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
Trade closed: target reached
SILVER
UPDATE
The price perfectly fulfills my last idea and price reached to our third targets .
The price of silver rose and reached our third target at 24.00, and now is trying to stabilize above the 24.14 level to confirm the continuation of the dominance of the upward trend in the immediate and short term, and stability above the 24.14 level it will open the way front of the price to move towards our next target, which reaches 24.35 and 24.60.
Therefore the upward scenario will be remain valid , but to confirm the bullish trend it should stable above 24.14 and then our targets will be activate , taking into account that failure to stabilized above 24.14 it will force the price to show some negative trades
Additionally , Today News will affect on the market .
resistance line : 24.14 , 24.35
support line : 24.00 , 23.77
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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