Condizioni di trading
Strumenti
Technical outlook and chart setups:
Silver is seen to be trading at $19.63 levels at this moment, looking to continue pushing higher towards $20.50/80 levels at least. The wave structure reveals that Silver has been consolidating in an expended triangle structure, as seen on chart view here. Furthermore, please also note that the metal looks to have completed 5 waves within the triangle, indicating that it is complete. If this holds true, the metal should resume its last leg rally (wave 5) towards $20.80/21.00 levels going forward. The metal is expected to remain in control of bulls, till prices stay above $19.20/30 levels. It is hence recommended to remain long now, with stop below $19.25. Immediate resistance is seen at $20.50/80 levels, while support is at $19.25 levels respectively.
Trading recommendations:
Remain short for now, stop below $19.25; target is $20.50/80.
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.