Condizioni di trading
Strumenti
Technical outlook and chart setups:
1. Silver broke the trend line support yesterday and fell to $19.20 levels before bouncing back. The metal still remains in control of bulls till prices stay above $19.00 levels. Recommendations are to remain long/buy fresh, risk remains at $19.00. Please note that the metal has bounced off the fibonacci 0.786 support of the entire rally from sub $18.00 levels to $22.30.
2. Support is at $19.00, followed by $18.75 and lower, while resistance is at $20.40 (intermediary), followed by $21.70, $22.30 and higher respectively.
3. The structure indicates that Silver can still bounce back into the buy zone till $19.00 levels remain intact.
Trading recommendations:
Long positions advisable, stop is at $19.00, target is open.
Good luck!
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.