Last week, Silver reached a new all-time high, almost touching my $55 target.
However, on Friday, the market delivered a powerful sell-off, with the price dropping by around 4,000 pips — from the $54.50 ATH down to the $50.50 support zone.
At this stage, I expect the price to stabilize and form a temporary base of consolidation.
My focus now shifts to the $53.50 resistance zone, which could act as a short-term decision point.
If I observe signs of weakness or rejection in that area, I’ll consider short positions, targeting a potential retest of the $50 support zone.
However, on Friday, the market delivered a powerful sell-off, with the price dropping by around 4,000 pips — from the $54.50 ATH down to the $50.50 support zone.
At this stage, I expect the price to stabilize and form a temporary base of consolidation.
My focus now shifts to the $53.50 resistance zone, which could act as a short-term decision point.
If I observe signs of weakness or rejection in that area, I’ll consider short positions, targeting a potential retest of the $50 support zone.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.