empty
 
 
02.05.2013 02:55 PM
Silver has bounced off the trendline. Long Positions can be initiated. 22.50/60 is strong support

This image is no longer relevant

Technical outlook and chart settings:

As seen here, the metal has retraced as per expectations yesterday and bounced off right from the trendline support (drawn from recent swing lows), around 23.30/35 levels. This region is also re-enforced by the past resistance turned support as seen on the chart. Hence, it is recommended to initiate long positions now (23.60/65), for an upside target of 25.00/26.00 levels. Resistance is at 26.00/50 levels (past support turned resistance), 28.00, 29.10/20 and higher, while immediate strong support is 22.50/60, followed by 22.00, 21.40/50 and lower. Bottomline: buying intraday dips should be favored trade strategy for now.

Trade recommendations:

Buy now (23.60/65), stop at 22.00, target 25.00/26.00.

Good luck !

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $1000 more!
    In June we raffle $1000 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

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback