Silver 4H : Waiting for News
SILVER
New forecast
The price of silver rose in yesterday's trading with noticeable positivity, penetrating the 22.23 level and settling above it, and approaching the 22.50 level to provide negative signals as long as the price is trading below the mentioned level.
Therefore the downtrend scenario will be remain valid as long as price trade under 22.50 supported by moving average 50 that is continue to support the price to decline but to confirm the bearish trend should stable under 22.23 and then will help the price to reach 21.97 and 21.60 , taking in to account that stabilized above 22.73 will postponed the bearish attempts and start the positive waves . so it is possible to continue at the positive correction until 22.73 and then dropping .
The expect range trading for today it will be between resistance line 22.73 and support line 21.97 until stabilized .
Additionally , Today News will affect on the market .
resistance line : 22.50 , 22.73
support line : 22.23 , 21.97
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 of silver rose in yesterday's trading with noticeable positivity, penetrating the 22.23 level and settling above it, and approaching the 22.50 level to provide negative signals as long as the price is trading below the mentioned level.
Therefore the downtrend scenario will be remain valid as long as price trade under 22.50 supported by moving average 50 that is continue to support the price to decline but to confirm the bearish trend should stable under 22.23 and then will help the price to reach 21.97 and 21.60 , taking in to account that stabilized above 22.73 will postponed the bearish attempts and start the positive waves . so it is possible to continue at the positive correction until 22.73 and then dropping .
The expect range trading for today it will be between resistance line 22.73 and support line 21.97 until stabilized .
Additionally , Today News will affect on the market .
resistance line : 22.50 , 22.73
support line : 22.23 , 21.97
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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