Yes today it raised again, But there are some chances for silver also to fall when USD start getting sterngth,
Gold also fall when USD start rasing.
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Yes today it raised again, But there are some chances for silver also to fall when USD start getting sterngth,
Gold also fall when USD start rasing.
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Elliott: resistance in an elongated correction 31.36
Market should not go lower than 30.87 - 30.38. After this move down it should go up to 31.64 - 31.92 area.
Warning: Imminent end of bearish move
Technical points
Key point 30.6300
Entry point 31.4200
Elliott 32.6700
Closing 30.9300
Projection 30.3000
Trendline 32.3600
Trendline 32.0400
Supports / Resistances
Res 2 32.9000
Ex-High 32.3500
Res 1 31.9200
Pivot 31.3700
Sup 1 30.3800
Ex-Low 30.8200
Sup 2 29.8300
Spoiler:
Pada chart Daily,harga berada dibawah 12 EMA(merah) dan 72 EMA(biru) menandakan trend masih turun
21 RSI berada dibawah 50 menandakan trend masih turun
Rekomendasi :SELL
Target :28.08
Expected trading range for this week between: Support 29.65 Resistance 33.00
General tendency is expected for this week: neutral
After move up until 31.18, silver retrace down and until now still continue this condition. Silver can not able to continue up movement because it still get high pressure that started from friday ago. Now, price shown try up but it may retrace down again.
Silver technical analysis for 05.11.2012 by using : Auto pivot indicator.
resistance 3:33.44
resistance 2:32.89
resistance 1:31.90
pivot point :31.35
support 1:30.36
support 2:29.81
support 3:28.82
On silver, I expect the beginning of the northern correctional growth, the price has fallen so very much, all day today was consolidating around 30.50, I think the price will come back to the area of break of 31.60, there is my main goal.
The trading range for this week is expected among the key support at 29.50 and key resistance at 33.00.
The short-term trend is to the upside with steady weekly closing above 26.00 targeting 50.00.
Bearish pressure on the price of silver to the price level at 30.85, after a bullish up until the 31.19 price level, if the price of silver prices could continue to fall towards 30.30 support level.