empty
 
 
30.07.2013 10:53 AM
Silver testing line of support for now around 19.60/70

This image is no longer relevant

Technical outlook and chart setups:

Silver remains at a cross road, ahead of the next move. A bullish bounce at the line of support around 19.60/70 region would shift focus at 20.50 and 21.00, while a break could be in continuation towards the larger trend, which is down! In line with its counterpart Gold, the metal has failed to produce recent swing highs as well. Aggressive traders may opt to remain short against recent highs at 20.60 level. Immediate support is around the 19.30 region, while resistance is 20.50/21.00, followed by 22.50. Awaiting for next clear trade direction.

Trading recommendations:

Flat for now.

Good luck!

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback