Silver to >$35 if support holds
تم تحديثه
Silver is at a crucial point which will more than likely be resolved very soon with CPI and FOMC meeting this week.
There is a very strong confluence of support at current levels. The obvious accumulation cylinder is very much still intact.
Any break below $28.50 is extremely bearish, below $26 means it's all over.
If the bull flag is broken to the upside and a daily candle closes above $32.50, we are likely headed to the $35-40 range before another pause.
There is a very strong confluence of support at current levels. The obvious accumulation cylinder is very much still intact.
Any break below $28.50 is extremely bearish, below $26 means it's all over.
If the bull flag is broken to the upside and a daily candle closes above $32.50, we are likely headed to the $35-40 range before another pause.
ملاحظة
Support held, looking for the next leg higher once top of channel is brokenملاحظة
Well this didn't work out but we are still good. The longer the correction, the more fuel for the next leg up. Price target $39. May see a brief dip below $26 before that. Watch Gold/Silver ratio for clues.
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.