SolomonsView

#SILVER #XAGUSD bounced off sighted resistance

Short
TVC:SILVER   CFDs on Silver (US$ / OZ)
Silver headed higher this morning into the indicated resistance at 25.57 and reversed right there, the down move has all the indications of a 5 wave structure and so may turnout to be a trend reversal. Updated charts will be posted soon.

Direction seems to be down to new lows if 25.57 remains intact
Michael @ SolomonsView

Twitter - @SolomonsView

Comments

Tell me where it is heading ??
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SolomonsView ShreeKrishna
@ShreeKrishna, if 25.57 holds I'm expecting new low towards 21.50. could be lower but we need to see as trend develops
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