Support and Resistance clearly defined in the chart.
2 Scenarios on my mind is as follows:
Short Term:
Silver Drops to 32 (rounding), where there is a strong long time support for that area. and Target 1 "T1" is at 33.677 (33.600)
Where Long Term due to the lagging effect from gold, long term outlook is heading towards the 34.134 "T2" and 34.578 "T3" and settle there till it moves up again.
2 Scenarios on my mind is as follows:
Short Term:
Silver Drops to 32 (rounding), where there is a strong long time support for that area. and Target 1 "T1" is at 33.677 (33.600)
Where Long Term due to the lagging effect from gold, long term outlook is heading towards the 34.134 "T2" and 34.578 "T3" and settle there till it moves up again.
Trade active
Further possibility for the price to go to the Daily Bullish FVG+BPR and move UP from there, Already set my alert on the 50% FVG to BUY. nice PA for now.Note
It nibbled on the FVG, waiting for the 50% FVG hit and will start monitor to enter a BUY :-) lest go Silver!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.