Spoiler:
The position of the current price is above the 50 EMA on the hourly chart, momentum is bullish
The position of the current MACD is above the area 0, the momentum is bullish
Trend today: bullish
Target today: 30.97
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The position of the current price is above the 50 EMA on the hourly chart, momentum is bullish
The position of the current MACD is above the area 0, the momentum is bullish
Trend today: bullish
Target today: 30.97
short positions at 30.50 with 30.20 and 29.90 as next targets
the breakout of 30.90 will call for arebound towards 31.40
Silver as I expected start to go north, MASD and the RSI on the daily chart continues to signal growth, while rate ran into resistance of 31.00 while it only prevents the further growth, but given the decline of the dollar index I think it will be broken which would open the way to a level of 31.50 , 32.00.
Of silver entered a clear signal to buy, the price has just managed to break through the upper area of the fractal (resistance 30.90), also silver has steadily strengthened above the moving alligator that indicates a change in trend in the north, to now a maximum of 30.50 but I think it is broken .
silver is a trade that I think is very risky, but if we use this as a long term investment, use this for the short term it is very risky, then it should not do that if you are not sureQuote:
Originally Posted by Anytime
I think this is a very popular silver trading to the metal trading, the metal up and down if it is too high and we miss a large amount of business we ant then up to us to give back to the account balance should be invested.
On the hourly chart, price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
50 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Take profit: 31.56
SL: 30.51
http://i49.tinypic.com/keeo8y.gif
The price retest the broken support level at 31.00 which indicates to resume the bearish bias. The bullish divergence seen in RSI thus if the Silver breaks the 31.50 level than we may immediately turn in bullish bias. For intraday trading we resume the bearish bias. According to my chart analysis, I prefer to selling the Silver around 31.20 with targets 30.70, 30.20 then 29.60 and stoploss with four hour candle closing above 31.50.
Silver XAGUSD on look to be more bulls again, but for start buy we must make sure first that price bulls was able can break up to more that resistance line at 31.15,
long positions at 30.55 with 30.85 and 31.05 as next targets
the breakout of 30.15 will call fro arebound towards 29.95