SubscribeGold Prices Weaker As U.S. Stocks Set To Rebound
Gold and silver prices dropped to three-week lows Tuesday. The metals traders need a fresh fundamental spark to help drive price direction.
Thread: Silver
Gold Prices Weaker As U.S. Stocks Set To Rebound
Gold and silver prices dropped to three-week lows Tuesday. The metals traders need a fresh fundamental spark to help drive price direction.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The trading rang for today is among the major support @ 33.50 and the key of resistance @ 35.30.
The general over short basis is to the upside targeting 34.80 as far as area of 35.30 .
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The price of silver is trading positively and is trying to breach 15.40 which requires attention from the upcoming trading. We pointed out that breaching this level will lead the price to visit the 15.62 level mainly while the downside move will remain bearish for today provided that stability is below 15.40. At 15.00 and extending to 14.03.
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today once again silver go down many pips and touch low trend line..this is may be a correction for up movement...i think we should hold our trade till next days candle corss the low trend line
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right now i have two open positions in silver and both sell orders. and silver is green at the moment. and i could nt access my account right now, but i expect the price will be in my favour after opening of the london and europea n sessions. i have no means to manually close the positions but the targets had already been set
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Today's market technical analysis for silver
price 15.28
market trend is going bearish
market have good trading position for the sell traders
market resistance and support levels could as
1-Resistance level = 15.40
2-Resistance level = 15.55
3-Resistance level = 15.66
1-Support level = 15.12
2-Support level = 14.95
3-Support level = 14.85
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Silver is still around the main resistance of the downside movement, without providing any breach of this resistance at 29.05. But, the formation of the double bottom pattern prevents us from expecting the return of the downside movement since silver is not below 28.10 anymore. In addition, we cannot expect an upside move due to the strength of the mentioned resistance levels. Therefore, we remain neutral for the rest of the session today.
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Silver made a low yesterday at around 32.20/30 levels, but the important fact is that 32.00 support remains intact. Looking at the intraday (small timeframe) structure it still remains constructive for bulls to rally further up in the sessions to come. 32.80 level might provide temporary resistance for intraday rallies but potential remains to clear the immediate resistance at 33.80. It is recommended to hold long positions taken earlier and further add on intraday dips.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Today's market technical analysis for silver
price 15.28
market trend is going bearish
market have good trading position for the sell traders
market resistance and support levels could as
1-Resistance level = 15.40
2-Resistance level = 15.55
3-Resistance level = 15.66
1-Support level = 15.10
2-Support level = 14.90
3-Support level = 14.80
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Today's market technical analysis for silver
price 15.28
market trend is going bearish
market have good trading position for the sell traders
market resistance and support levels could as
1-Resistance level = 15.44
2-Resistance level = 15.61
3-Resistance level = 15.90
1-Support level = 15.11
2-Support level = 14.90
3-Support level = 14.77
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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