Technical Analysis of Daily Price Movement of Silver Commodity Asset, Thursday August 03 2023.
August 3, 2023 6:24 am
After being stuck on its daily chart area of Bearish Fair Value Gap, silver commodity asset which is also coincidentally has moved below the 20 WMA, so Silver in the next few days as long as there is no significant upward rally moving above the 25,090 level, Silver will move down to test the 22,631 level as its main target and the 22,065 level as the second target where this decline is also has been confirmed by the appearance of the Bearish pattern 123 followed by a penetration of the Ross Hook (RH) level.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
After being stuck on its daily chart area of Bearish Fair Value Gap, silver commodity asset which is also coincidentally has moved below the 20 WMA, so Silver in the next few days as long as there is no significant upward rally moving above the 25,090 level, Silver will move down to test the 22,631 level as its main target and the 22,065 level as the second target where this decline is also has been confirmed by the appearance of the Bearish pattern 123 followed by a penetration of the Ross Hook (RH) level.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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