empty
 
 
20.05.2013 01:38 PM
Silver bounces off 20.00. Watch out for bullish reversal soon

This image is no longer relevant

Technical outlook and chart setups:

Silver prints fresh lows around 20.00 before bouncing back strongly. Please note that 20.00/21.00 levels are past resistance turned support level on the weekly chart as discussed earlier. Hence a possibility of a bullish reversal remains high around current levels. It is recommended to wait for a bullish reversal here before going long again. As shown here, the Fibonacci levels extend till 19.50 level before the metal reverses for good. Immediate resistance is at 22.80, followed by 23.80, and 24.80 respectively. Intermediary support is between 19.50 and 20.00.

Trading recommendations:

Remain flat for now.

Good luck!

Ringkasan
Urgensi
Analitik
InstaForex Analyst
Mulai berdagang
Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $6000 lebih banyak!
    Pada Desember kami mengundi $6000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback