BOOK PROFIT FROM 16. 80 To 17.20 AREA ZONES AND WAIT FOR FRESH NEW SIGNAL.
Technical outlook and chart setups:
Silver has also pushed higher today and is seen to be trading at $16.70 levels at this moment. Please note that the metal is facing resistance at the Fibonacci 0.382 retracement levels of the drop between $18.00 through $15.80 levels respectively. It is still possible that the metal will pushe higher towards $17.00/20 levels, which is the Fibonacci 0.618 retracement level, before turning lower. Immediate support is seen at $16.25 levels, while resistance is at $17.20 levels respectively.
Trading recommendations: Remain flat for now.
Technical outlook and chart setups:
Silver has also pushed higher today and is seen to be trading at $16.70 levels at this moment. Please note that the metal is facing resistance at the Fibonacci 0.382 retracement levels of the drop between $18.00 through $15.80 levels respectively. It is still possible that the metal will pushe higher towards $17.00/20 levels, which is the Fibonacci 0.618 retracement level, before turning lower. Immediate support is seen at $16.25 levels, while resistance is at $17.20 levels respectively.
Trading recommendations: Remain flat for now.
Trade closed: target reached:
NICE SHARP UP MOVE TODAY WOWWWWWWWWWWWWWWWWWWW
WHAT A GREAT MOVE
WHAT A GREAT MOVE
