SILVER 4H : stabilized above 22.23 will support to rise
Updated
SILVER
New forecast
Silver price trades rebounded downwards after it faced strong resistance at the level of 22.23, to test the strong support, starting the day on a positive note and heading towards testing the aforementioned level, waiting for its breach to open the way towards heading towards 22.50 as the next main target .so the main condition to be continue at the bullish trend is stabilized above 22.23 and then it will reach to 22.50 and 22.88 .
From here, our expectations for the upward trend will remain valid, keeping in mind that failure to penetrate and hold above 22.23 will put pressure on the price to decline again to head to 21.60 before any new attempt to rise.
The expect range trading for today it will be between resistance line 22.23 and support line 21.97 until stabilized
Additionally ,Today News will affect the market .
support line : 21.97 , 21.60
resistance line : 22.23 , 22.50
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
Silver price trades rebounded downwards after it faced strong resistance at the level of 22.23, to test the strong support, starting the day on a positive note and heading towards testing the aforementioned level, waiting for its breach to open the way towards heading towards 22.50 as the next main target .so the main condition to be continue at the bullish trend is stabilized above 22.23 and then it will reach to 22.50 and 22.88 .
From here, our expectations for the upward trend will remain valid, keeping in mind that failure to penetrate and hold above 22.23 will put pressure on the price to decline again to head to 21.60 before any new attempt to rise.
The expect range trading for today it will be between resistance line 22.23 and support line 21.97 until stabilized
Additionally ,Today News will affect the market .
support line : 21.97 , 21.60
resistance line : 22.23 , 22.50
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 UPDATE
The price perfectly fulfills my last idea and price reached our target +250 pip
Now , to be continue at the bullish trend should stable above 22.50 and then the other target will be activate and price will try to reach 22.88
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