Yesterday silver had a sharp decline reaching the support level at 15.20. The support level is changing to 15.00 which signals a downward trend for silver at the moment. Considering the chart, it can be anticipated that the top has already been formed at 15.30 for today and bears are not going to give their place to bulls. This fall may continue even to 14.50 but if it does then bulls will take the control of the chart.
Sellers can have their positions opened until the price reaches 15.00 followed by 14.50. When the price reaches 14.50 it will be time for buyers to join the trade.
https://fxglory.com/technical-analysis-of-silver-dated-24-03-2016/
No comments:
Post a Comment