Arazmajeed

SILVER 4H : Uptrend above 23.12

Long
OANDA:XAGUSD   Silver / U.S. Dollar
SILVER

New forecast

The price of silver moved upward significantly in the las week , breaching the 23.12 level and stabilized above it, heading towards achieving expected gains during the coming sessions, on its way to mainly visiting the 23.35 and 23.49 level.

Therefore the uptrend scenario will be remain valid and affective supported by moving average 50 supports the chances of achieving the expected rise, taking into account that breaking 23.12 and stability below it again will forced the price to formed the negative correction and will support the price to reach 22.73.

The expect range trading for today it will be between resistance line 23.35 and support line 22.73 until stabilized .

resistance line : 23.35 ,23.49
support line : 23.12 , 22.73

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