TREND -POSITIVE
Unable to break above the Supply zone at 25.90
Multi year supply zone at 26.11.only gap up required to cross this.
IF TL broken will target below 1 HOUR DEMAND ZONE's till 25.08
TREND - POSITIVE
PRESENT ZONE- Inside SUPPLY ZONE 3
Trying to break Monthly downward TL & prev high,Yearly SUPPLY ZONE now.
FORECAST -As per ZONE
once crosses above these zones 24.745 possible then 25.1 next SUPPLY ZONE
MY TAKE-
Chances of reversing from 24.22 are there.so wait for retesting and break out above this level.
if not will come down again to 1...
Breaking Down Point: 76780
This could be a critical level in the silver market, possibly indicating a point where significant market action may occur.
Downside: 75290 - 75110
Suggests a potential downward movement, with a specified range of 75290 to 75110 as levels where sellers might be active or where the price may encounter support.
Invalidation: 77219
...
Silver is looking so bullish . Breakout after consolidation is forming in this chart . Reversal from Fib. zones with bullish market structure formation .Long trade can be plan for swing trade with given SL and Targets.
TREND - POSITIVE
But unable to break above weekly downward trend line.
PRESENT ZONE- At SUPPLY ZONE 3.Encountering yearly supply zone.
New 1 hour zone formed.
FORECAST -As per ZONE SUPPLY ZONE 3
If breaks above SUPPLY ZONE 3 will go to 25$.
if breaks below SUPPLY ZONE 3 will target below 1 hour demand zone/weekly zone.
MY TAKE
As lots of...
