shukranbonaparte

Silver Long Term Analysis

TVC:SILVER   CFD Argento (US$/OZ)
Silver has been performing very accurately from my TA compared to Gold at the moment. It has successfully created a higher high for inverted Head and now we should look out for the completion of the inverted right shoulder to break crucial resistance. I'm currently looking at $17.20 - $17.70 accumulating range for IRS (Inverted Right Shoulder) and act as a Support Range as well for a range period of 179 days. (Bear in mind as indicated on the graph where if it takes a longer duration to complete our IRS cycle then the support range increases linearly). We need to break $21 - $21.45 Crucial Resistance range to break the existing price trend for Silver.
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