This level has not yet been taken out and technically the advantage is on the bear camp as they might attempt to drive Silver back into the descending channel with high of 14.55 thus making a possible market turn at this point.
Chart: XAG/USD H4
Wednesday, January 27, 2016
Silver at Resistance
Today's trading session is slightly negative for Silver. It's currently trading 0.80% lower than yesterday's close. However, Silver is steadily on its way up and a breach of current level would indicate that bulls are ready to take it to the next level, pushing the price to the next target of 15.18.
This level has not yet been taken out and technically the advantage is on the bear camp as they might attempt to drive Silver back into the descending channel with high of 14.55 thus making a possible market turn at this point.
Chart: XAG/USD H4
This level has not yet been taken out and technically the advantage is on the bear camp as they might attempt to drive Silver back into the descending channel with high of 14.55 thus making a possible market turn at this point.
Chart: XAG/USD H4
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Excellent analysis, thank you for sharing!
ReplyDeleteInteresting post, thank you.
ReplyDeleteThanks for such an informative analysis.
ReplyDeleteThank you for the analysis, I will keep it in mind.
ReplyDeleteGood reporting, excellent.
ReplyDeleteInteresting levels to be watchful of, thanks for the info.
ReplyDeleteGreat analysis.
ReplyDelete