Silver Daily TF Analysis
Silver Daily Analysis
Bulls Eye
- In previous analysis of XAGUSD, it was specified that a breakout above Fib Extension 1.272 level will likely fuel further upside momentum.
- On the upside, the next milestone sits near $44.0
Current Situation
- Silver has breached the ascending channel, and testing the record highs made during Aug 2011 - 44.20
- A confluence of resistance becoming hurdle for further bull side rally - including
1) the record high mark itself
2) the upper trendline of the channel
3)the fib extension level 1.414
4) The upper Bollinger band
Projections
- Prices are likely to correct, to retest the Fib Extension 1.272 (41.32), confluence with middle Bollinger band.
- However, if prices breaches the immediate, but crucial resistance at 44.20, then it might rise high towards 46.00
Bulls Eye
- In previous analysis of XAGUSD, it was specified that a breakout above Fib Extension 1.272 level will likely fuel further upside momentum.
- On the upside, the next milestone sits near $44.0
Current Situation
- Silver has breached the ascending channel, and testing the record highs made during Aug 2011 - 44.20
- A confluence of resistance becoming hurdle for further bull side rally - including
1) the record high mark itself
2) the upper trendline of the channel
3)the fib extension level 1.414
4) The upper Bollinger band
Projections
- Prices are likely to correct, to retest the Fib Extension 1.272 (41.32), confluence with middle Bollinger band.
- However, if prices breaches the immediate, but crucial resistance at 44.20, then it might rise high towards 46.00
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.