Technical Analysis of Daily Price Movement of Silver Commodity Asset, Thursday, October 19 2023.
October 19, 2023 5:26 am
On the daily chart of Silver commodity asset, it is clearly seen that the price movement still moves under the red color Kumo as well as Chikou Span which is below the price, gives the clue that this commodity asset dominates by the seller, but with the Tenkan Sen which is intersects to golden cross (above) Kijun Sen indicates that Silver currently corrected above to test its Fair valur Gap level (Pink). If this level area acts as level Resistance area which is fair enough and as long as doesn’t breaks above the level 23,595, then, Silver still has the potential to weak up to the level 20,635.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the daily chart of Silver commodity asset, it is clearly seen that the price movement still moves under the red color Kumo as well as Chikou Span which is below the price, gives the clue that this commodity asset dominates by the seller, but with the Tenkan Sen which is intersects to golden cross (above) Kijun Sen indicates that Silver currently corrected above to test its Fair valur Gap level (Pink). If this level area acts as level Resistance area which is fair enough and as long as doesn’t breaks above the level 23,595, then, Silver still has the potential to weak up to the level 20,635.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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