SILVER 4H : War will support further rise up
Updated
SILVER
New forecast
The price perfectly fulfills my last idea and price reached to our targets .
The silver price tested the 22.73 level and maintains its stability above it after rebounded from the support level and rise up ,se we expect the price will be continue at the bullish tendency waiting to correction the price to resume the upward wave that targeting to the 23.35 level initially, remembering that breaching this level will extend the upward wave to targeting 23.49.
therefore the upward trend will be remain valid and effective supported by Moving average 50 that is continues to support the suggested bullish wave, taking to account that stability under 22.73 will put the price under negative correction until 22.50 and then will be continue at the main bullish trend. also if price opened under 22.98 the price will try to start a correction .
The expect range trading for today it will be between resistance line 23.35 and support line 22.73until stabilized .
Additionally ,News will affect on the market .
support line : 22.73, 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 targets .
The silver price tested the 22.73 level and maintains its stability above it after rebounded from the support level and rise up ,se we expect the price will be continue at the bullish tendency waiting to correction the price to resume the upward wave that targeting to the 23.35 level initially, remembering that breaching this level will extend the upward wave to targeting 23.49.
therefore the upward trend will be remain valid and effective supported by Moving average 50 that is continues to support the suggested bullish wave, taking to account that stability under 22.73 will put the price under negative correction until 22.50 and then will be continue at the main bullish trend. also if price opened under 22.98 the price will try to start a correction .
The expect range trading for today it will be between resistance line 23.35 and support line 22.73until stabilized .
Additionally ,News will affect on the market .
support line : 22.73, 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 targets .
The price of silver rose significantly yesterday to approach the barrier at 23.49 and bounced from it, showing a bearish tendency now to head towards a possible test of the pivotal support of 22.98, waiting for the price to be stimulated to resume the main upward trend. to reach our suggested target 23.35 and 23.49 again .
Therefore, The uptrend scenario will be remain valid and affective supported by moving average 50 also because of bad situation in middle East these factors encourage us to continue favoring the upward trend for the coming period, remembering that exceeding the above-mentioned target will extend the upward wave to reach the 24.02 areas, while breaking 22.98 will stop the expected rise and put pressure on the price to turn lower.
The expect range trading for today it will be between resistance line 23.35 and support line 22.73 until stabilized .
Additionally ,Today News will affect the market .
support line : 22.98 , 22.73
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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