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Thread: Silver Intraday Technical Analysis

      
  1. #1
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    Thumbs up Silver Intraday Technical Analysis

    Hi, Marķa here. Happy Monday, hope you rest and enjoy your weekend!

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    The silver is currently testing the intermediate resistance of its medium term bullish channel in 33.90 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 34.60.

    RSI provide buyers signals but approaching to the overbuy zone suggesting a decline. Bollinger bands are stabilized showing a more regular volatility.

    According to previous events, the market indicates a bullish opportunity as soon as the silver will have broken its resistance in 33.90 with a 1st objective of 34.40, then 34.60. A break in 33.70 would invalidate this scenario.

    Have a great day!

    Marķa

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  2. #2
    Hindsight Hero! DickP's Avatar
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    Default Re: Silver Intraday Technical Analysis

    Thanks for the update



    "I came to make pips and chew bubble gum...damn, I'm all out of gum..."
    -DickP, 2011

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