Arazmajeed

SILVER 4H : Support further rise up

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

New forecast

The price perfectly fulfills my last idea and price reached to our targets.

The price of silver ended yesterday's trading with a noticeable positive note, confirming the breach of the 23.00 level, reinforcing expectations of the continuation of the upward trend during the coming sessions, and the way is open to achieving the next target at 23.50 and 23.73 levels .


Therefore the upward scenario will be remain valid and effective during coming period , moving average 50 continues to support the proposed bullish wave, and the price may witness some sideways fluctuation, keeping in mind that breaking the 23.00 and then 22.60 levels will stop the expected rise and put pressure on the price to turn lower.

The expected trading range for today it will be between support 22.60 and resistance 23.73 .

Additionally ,Today News will affect on the market .

resistance line : 23.50 , 23.73
support line : 22.60 , 22.21

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