| SILVER (Spot) intraday: target 33.5 |
Pivot: 34.25
Our Preference: SHORT positions below 34.25 with 33.5 & 33.3 as next targets. Alternative scenario: The upside breakout of 34.25 will open the way to 34.48 & 34.95. Comment: a bearish flag is confirmed and calls for further donwside. |
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Spot Silver (NY Close): $33.76 // -0.23 // -0.68%
Prices turned lower from resistance at 34.80, the 76.4%Fibonacci retracement. Initial support lines up in the 32.93-33.14 area, marked by a horizontal pivot level and the 61.8% Fib, with a break below this boundary exposing the 50% level at 31.79. Alternatively, a break above resistance aims to challenge 36.89.
Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id
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