Technical outlook and chart setups:
Looking into the daily chart setups, the structure remains unchanged; moreover the metal has produced a Morning Star bullish reversal signal yesterday. Immediate support remains at 28.30, which is also re-enforced by the past resistance turned support region. Till the moment prices are above 28.30, the metal is headed northwards. Immediate resistance is at 30.00 followed by 31.30 and 32.50 respectively. It is therefore recommended to hold on long positions taken earlier. Looking higher from here on.
Trading recommendations:
Hold on to long positions, stop at 27.50, target open.
Good Luck!
The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on market trends you may visit via Silver: buy on dips; 28.30 holds key . Thanks for your support on Silver: buy on dips; 28.30 holds key
No comments:
Post a Comment