Silver - Long Possibility - Updated
Commodities: Silver
Frequency: Daily
Predicted Direction:
Silver has completed its corrective Wave II like what I predicted before and find support on the 50% Fib support level at 16.338. I expect this is a sharp correction for Wave II and the price will able to hit the upper resistance zone of 18.713 - 19.46 and further look at the high of July 15 at 21.132 in the long term. However, If the price fail to surge higher and come back to 50% Fib level then it would be a signal of a relatively flat correction and we have to wait until the 61.8% Fib support level is reached for another long possibility.
Frequency: Daily
Predicted Direction:
Silver has completed its corrective Wave II like what I predicted before and find support on the 50% Fib support level at 16.338. I expect this is a sharp correction for Wave II and the price will able to hit the upper resistance zone of 18.713 - 19.46 and further look at the high of July 15 at 21.132 in the long term. However, If the price fail to surge higher and come back to 50% Fib level then it would be a signal of a relatively flat correction and we have to wait until the 61.8% Fib support level is reached for another long possibility.
ملاحظة
Previous Update of Silver
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.