In day chart fibo level we can see that price is not able to move more down side means not able to cross its fibo 50 and price is 30.72
now price will moving up side we can long with this pair. stop loss is 30.50 and take profit is 32.50.
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In day chart fibo level we can see that price is not able to move more down side means not able to cross its fibo 50 and price is 30.72
now price will moving up side we can long with this pair. stop loss is 30.50 and take profit is 32.50.
Silver technical analysis for 07.11.2012 by using : Auto pivot indicator.
resistance 3:33.65
resistance 2:32.95
resistance 1:32.46
pivot point :31.76
support 1:31.27
support 2:30.57
support 3:30.08
Silver succes to rise up and break up weekly ressistace 1 level (32.11). Price up following movement of upward medium term trend. this condition make price up strong but stochastic signal in tf h1 and h4 shown in overbought level that can affect for price to retrace down before going up again.
Elliott: flat correction up 32.37
Current rise seems to be over near 32.12 or 32.47 for a retracement towards 31.77 - 31.53 area.
Warning: Imminent end of bullish move
Technical points
Key point 32.3000
Entry point 31.7400
Elliott 30.6600
Closing 31.9900
Projection 32.6700
Trendline 31.0800
Trendline 31.4900
Supports / Resistances
Res 2 32.9600
Ex-High 32.2600
Res 1 32.4700
Pivot 31.7700
Sup 1 31.2900
Ex-Low 31.0800
Sup 2 30.5900
Silver perfect retreat from the SMU 200 moving, the price went to the strong resistance level of 32.37 which started south correction, I'll consider buying only at strengthening up 32.37, or upon completion of the corrective movement (above 31.75).
HI,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 arsing.Yesterday morning i also bough silver but ut didn't reached my target but able to cross above the 37 levels and i closed with few pips of profit, Not able to understand silver movement.
Silver has been able to hold above key support. Break down of long-term trendline support long sideways movement. Long-term horizontal resistance at 37.48.
The trading range for today is expected among the key support at 31.50 and key resistance at 33.50.
The short-term trend is to the upside with steady weekly closing above 26.00 targeting 50.00.
Begin the price of the silver trading near the pivotal resistance of 32.45 which is the first requirement to continually enhance our expectations rise of today
The trading range for today is expected among the key support at 31.50 and key resistance at 33.50.
The short-term trend is to the upside with steady weekly closing above 26.00 targeting 50.00.