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According to our last week expections, the price’s close below the Resistance level of 18.50 would give new opportunities for sell signals. As shown in the attached H4 chart, the metal has failed to break the Resistance level of 18.50 and bounced from it. Currently, the metal is trying to break the Support level of 18.30 which is tested now in order to continue its bearish move. On the otherhand, the metal's rebound from the Support level of 18.30 cancels the bearish scenario.
Resistance and support levels: R3 (19.00), R2 (18.75), R1 (18.50), S1 (18.30), S2 (18.00), S3(17.75)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.