Silver will be an interesting one to watch this week. We are at imminent resistance for a possible breakout. Price this evening (Sunday GMT) has tentively broken out right now, in fact. But this means nothing until a solid breakout or convincing test of support.
Stoch/RSI is bullish.
Chart patterns are bullish.
However, we have a web of monthly resistance levels above and then the BIG ONE: the down trend line that had kept Silver in check since 2016.
This may not be the cleanest trade of the week, but I'll be looking to enter long as I'm expecting price to touch the 17.8 area.
Stoch/RSI is bullish.
Chart patterns are bullish.
However, we have a web of monthly resistance levels above and then the BIG ONE: the down trend line that had kept Silver in check since 2016.
This may not be the cleanest trade of the week, but I'll be looking to enter long as I'm expecting price to touch the 17.8 area.