Today anlysis using daily open strategy
buy stop 27.45 tp 27.95 sl 27.05
sell stop 26.10 tp 25.70 sl 26.50
Thread: Silver
Today anlysis using daily open strategy
buy stop 27.45 tp 27.95 sl 27.05
sell stop 26.10 tp 25.70 sl 26.50
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As you see in my following attached chart, the bullish intraday trend line managed to stop silver price decline, trying to confirm stopping the bearish correction that can be seen in the image, while stochastic continues to move at the oversold areas.
Therefore, we continue to prefer the bullish trend for today, noting that breaching above 27.60 and settling above it is important to reinforce the chances of heading towards 28.10 followed by 29.20
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silver is a good tarding and good porfit.daily porfit 15 usd
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36.10 is strong resistance there is moving average simple 55 on 4 hours
if price close above it price will continue rising to level 37.80-38
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Silver analysis for 04.11.2013 by using pivot indicator.
r3: 28.43
r2: 28.22
r1: 27.92
pivot: 27.71
s1: 27.41
s2: 27.20
s3: 26.90
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now sellers dominate the silver market. ranging from monthly seller, sellers daily. greatest probability is sell. but buyers still dominate the market weekly. safely sell if the price moved through buyer-seller weekly balance. use your favorite strategies and only take sell signals. area that may be the goal price is 27.23 and 27.46
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elliott flat correction up 28.30 uptrend is still intact in triangle configuration it should continue to raly to 28.22 or 28.31 if support are around 27.72 hold after which pullback to 27.76 - 27.60 zone is possible
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