Silver is under pressure after the last correction.
Mis à jour
After covering almost 61.8% of the Fib retracement ratio, it is now facing a historical horizontal resistance line around 23.3. In fact, if it breaks through that price, it could reach $24.6, which is the same as a 78.6% Fibonacci retracement ratio.
On the other hand, silver could reach on the other side a price of 22.3, which is around 38.2% Fib retracement ratio.
However, we will hold our old long position, waiting for a significant move to confirm that we will take a short position in the future.
On the other hand, silver could reach on the other side a price of 22.3, which is around 38.2% Fib retracement ratio.
However, we will hold our old long position, waiting for a significant move to confirm that we will take a short position in the future.
Trade fermée: cible de profit atteinte
Now after reaching the targeted take profit area, we will take in consideration the uptrend new wave, looking for the new signals and the historical prices as a resistance levels.
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