Recently, Silver has been trading upwards. The price tested the level of $17.28. According to the Daily time – frame, I found a breakout of horizontal base (50 days), which is a sign that buyers are in control. I also found a strong Relative Strength reading, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward target is set at the price of $17.66
Resistance levels:
R1: $17.39
R2: $17.60
R3: $17.92
Support levels:
S1: $16.85
S2: $16.52
S3: $16.32
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, Silver has been trading upwards. The price tested the level of $17.28. According to the Daily time – frame, I found a breakout of horizontal base (50 days), which is a sign that buyers are in control. I also found a strong Relative Strength reading, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward target is set at the price of $17.66
Resistance levels:
R1: $17.39
R2: $17.60
R3: $17.92
Support levels:
S1: $16.85
S2: $16.52
S3: $16.32
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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