SILVER 4H : Waiting for second target
Updated
SILVER
New forecast
The price perfectly fulfills my last idea and price reached to our target waiting to reach the second target .
The silver price succeeded in achieving our expected target at 22.88, and begins the day with additional positivity to penetrate this level and attempt to hold above it, which supports expectations for the continuation of the upward trend and achieving additional gains reaching 23.35 and 23.50.
Therefore, the bullish trend scenario will remain dominant during the coming sessions, influenced by the positive pattern whose features appear in the chart above, keeping in mind that to consolidate under 22.88 will put the price under negative pressure, mainly targeting testing the 22.50 areas.
The expect range trading for today it will be between resistance line 23.50 and support line 22.88until stabilized
Additionally ,Today News will affect the market .
support line : 22.88 , 22.50
resistance line : 23.35 , 23.50
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The price perfectly fulfills my last idea and price reached to our target waiting to reach the second target .
The silver price succeeded in achieving our expected target at 22.88, and begins the day with additional positivity to penetrate this level and attempt to hold above it, which supports expectations for the continuation of the upward trend and achieving additional gains reaching 23.35 and 23.50.
Therefore, the bullish trend scenario will remain dominant during the coming sessions, influenced by the positive pattern whose features appear in the chart above, keeping in mind that to consolidate under 22.88 will put the price under negative pressure, mainly targeting testing the 22.50 areas.
The expect range trading for today it will be between resistance line 23.50 and support line 22.88until stabilized
Additionally ,Today News will affect the market .
support line : 22.88 , 22.50
resistance line : 23.35 , 23.50
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
SILVER
New forecast
The price perfectly fulfills my last idea and price reached to our target and then dropped.
The silver price faced negative pressure to reach the 22.79 level, while the 50 moving average continues to provide positive support for the price. Reinforcing expectations of the continuation of the upward trend during the coming sessions, paving the way for heading towards 23.77 as the next main target.
Therefore, we believe that opportunities are available to recover and trade positively during the coming sessions, and the targets start from 23.35 to head towards 23.50, and by exceeding it, it will reach 23.70 as the next main station, taking into account that a break and stability below 22.79b will put pressure on the price to achieve a further decline and test the 22.50 level. Mainly.
The expect range trading for today it will be between resistance line 23.50 and support line 22.79 until stabilized
Additionally ,Today News will affect the market .
support line : 22.79 , 22.50
resistance line : 23.35 , 23.50
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
SILVER
New forecast
The price perfectly fulfills my last idea and price touched our first target .
The silver price was able to touch the 23.35 level and stabilize below it again, reinforcing expectations of the continuation of the upward trend in the immediate and short term, and the way is open to heading towards our next main target at 23.49 and 23.77.
Therefore, we are awaiting further expected rise during the coming sessions, supported by the moving average 50, which continues to carry the price from below, but to confirm the bullish trend should stable above 23.35 and the our targets will be activate , while paying attention to the importance of stability above 22.79 for the continuation of the proposed rise.
The expect range trading for today it will be between resistance line 23.50 and support line 22.79 until stabilized
Additionally ,Today News will affect the market .
support line : 22.79 , 22.50
resistance line : 23.35 , 23.50
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
SILVER
New forecast
The price perfectly fulfills my last idea and price reached to our second target .
The price of silver succeeded in reaching our expected target at 23.50, and we notice that the price started today with a strong decline to attack the pivotal support of 22.79, but it continued to holding above it, which keeps the opportunities available for the continuation of the expected upward trend in the immediate and short term, noting that exceeding 23.50 will push the price to... 23.77 and 23.77 as the next main targets.
Hence, the upward trend scenario will remain valid and effective for the coming period, provided that the price maintains its stability above the 22.79 level.
The expect range trading for today it will be between resistance line 23.50 and support line 22.79 until stabilized .
support line : 22.79 , 22.50
resistance line : 23.35 , 23.50
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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