SILVER 4H : Above 23.73 will rise up again
SILVER
New forecast
The price perfectly fulfills my last idea and price reached to near to our second targets .
The price of silver fell yesterday to reach the outskirts of the expected target at 23.73, which represents the strong support line, which shows the importance of this level in determining the fate of the next trend, as consolidation above it will push the price to resume the upward path and head to test the 24.35 and 24.60 levels initially.
Therefore, we prefer the bullish trend during coming period and to confirm the bullish trend should stable above 24.00 level and then our targets will be activate ,taking into account that while the Breaking 23.73 level and stabilized under it will put the price under additional negative pressure and open the way for targeting the 23.00 areas in the near term
The expected trading range for today is between support 23.73 and resistance 24.60.
Additionally ,Today News will affect on the market.
resistance line : 24.00 , 24.60
support line : 23.73 , 23.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The price perfectly fulfills my last idea and price reached to near to our second targets .
The price of silver fell yesterday to reach the outskirts of the expected target at 23.73, which represents the strong support line, which shows the importance of this level in determining the fate of the next trend, as consolidation above it will push the price to resume the upward path and head to test the 24.35 and 24.60 levels initially.
Therefore, we prefer the bullish trend during coming period and to confirm the bullish trend should stable above 24.00 level and then our targets will be activate ,taking into account that while the Breaking 23.73 level and stabilized under it will put the price under additional negative pressure and open the way for targeting the 23.00 areas in the near term
The expected trading range for today is between support 23.73 and resistance 24.60.
Additionally ,Today News will affect on the market.
resistance line : 24.00 , 24.60
support line : 23.73 , 23.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Update
Silver price made an attempt to break the 23.76 level, but it consolidated above it, which makes us likely to head to build an ascending wave that mainly targets visiting the 24.60 areas.
Therefore, an upward bias will be expected for today, and breaking 24.00 will facilitate the price’s task of achieving the expected target, while breaking 23.49 represents a negative factor that will put pressure on the price to incur additional losses up to 23.00.