SILVER 4H : Still support further decline
SILVER
New forecast
The price perfectly fulfills my last idea and price reached to our targets .
The price of silver declined and succeeded in achieving our second expected target at 22.23, and opened the day with a strong decline to break this level and confirm the continuation of the dominance of the downward trend, paving the way for heading towards our next target, which reaches 21.35 and stabilized under it will reach to 20.91 and to confirm the bearish trend should stable under 21.97 and then our target will be activate .
Therefore, the downward trend scenario will remain effective for the coming period supported by moving average 50, noting that the breach of 22.23 will stop the expected decline and lead the price to begin recovery attempts in the intraday term.
The expect range trading for today it will be between resistance line 22.23 and support line 21.35 until stabilized .
resistance line : 22.23 , 22.50
support line : 21.97 , 22.35
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 targets .
The price of silver declined and succeeded in achieving our second expected target at 22.23, and opened the day with a strong decline to break this level and confirm the continuation of the dominance of the downward trend, paving the way for heading towards our next target, which reaches 21.35 and stabilized under it will reach to 20.91 and to confirm the bearish trend should stable under 21.97 and then our target will be activate .
Therefore, the downward trend scenario will remain effective for the coming period supported by moving average 50, noting that the breach of 22.23 will stop the expected decline and lead the price to begin recovery attempts in the intraday term.
The expect range trading for today it will be between resistance line 22.23 and support line 21.35 until stabilized .
resistance line : 22.23 , 22.50
support line : 21.97 , 22.35
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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