SILVER Will Go Lower! Short!

26 Oca

Take a look at our analysis for SILVER.

Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is testing a major horizontal structure 22.876.

Taking into consideration the structure & trend analysis, I believe that the market will reach 22.507 level soon.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

Like and subscribe and comment my ideas if you enjoy them!

27 Oca

Not

Great beginning for a trade, let’s hope it goes further!