SILVER 4H : try to retest and then push up
SILVER
New forecast
The price of silver achieved a clear breach of the 21.35 level and ended last Friday’s trading above it. The day begins with an additional rise and is heading towards testing the 22.23 level mainly, which makes us likely to witness further rise during the coming sessions.
Therefore the upward trend scenario will be remain valid and effective during next days but at first the price will try to correction to 21.35 and then will rise up to 21.97 and 22.50 ,keeping in mind that breaking 21.35 will stop the positive scenario and put pressure on the price to decline again.
The expect range trading for today it will be between resistance line 21.97 and support line 21.35until stabilized
support line : 21.60 , 21.35
resistance line : 21.97 , 22.23
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The price of silver achieved a clear breach of the 21.35 level and ended last Friday’s trading above it. The day begins with an additional rise and is heading towards testing the 22.23 level mainly, which makes us likely to witness further rise during the coming sessions.
Therefore the upward trend scenario will be remain valid and effective during next days but at first the price will try to correction to 21.35 and then will rise up to 21.97 and 22.50 ,keeping in mind that breaking 21.35 will stop the positive scenario and put pressure on the price to decline again.
The expect range trading for today it will be between resistance line 21.97 and support line 21.35until stabilized
support line : 21.60 , 21.35
resistance line : 21.97 , 22.23
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
