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ipuneet
Feb 22, 2020 7:30 PM

silver - 18.442 should hold for the bulls.  

SILVER / U.S. DOLLARICE

Description

18.442 lies on a trendline that has supported XAGUSD multiple times, since Feb 17-18.

A break below this level can initiate selling or correction in overbought markets.

Targets on the downside can be, 18.41 - 18.31 - 18.22 - 18.19.

18.56 can be used as S.Loss for short positions.

Momentum is strong sofar, 18.41 or corresponding level can be used as a stop for long side positions too.

Trade closed: target reached

All targets achieved.
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