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30.09.2022 09:46 AM
Analysis of Silver for September 30,.2022 - Key supply zone at the price of $1.673 on the test

Technical analysis:

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Gold has been trading upside as I expected but the price is testing key supply zone at $1.673-$1.678. Watch for the price action around this key supply zone to confirm further direction.

Trading recommendation:

Due to the test of key supply zone, there is chance for rejection or the breakout.

In case of the breakout of the supply zone and level at $1.687, watch for the buying opportunities with the next upside objective at $1.727

In case of the rejection of supply zone, watch for selling opportunities towards the levels at $1.643 and $1.615

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