Can silver hold steady at 51? Strategy Update

kelmarin

After breaking through the all-time double-top 50 yesterday, silver faced selling pressure above 51.2. Silver has experienced significant volatility over the past two days, requiring consolidation to reduce volatility and correct unfavorable indicators. Today, focus on support at 49.3 and resistance at 51.2. Within this range, both long and short positions are welcome.

Today's correction is gathering momentum for another challenge at 51. We will be buying short at this level. The specific entry point and timing are provided in the channel. Short-term trading requires precise technical analysis and timely advice, as support and resistance levels are constantly changing. Find the channel entry, and I'll be waiting to bring you profits.

For investors currently holding short positions or unsure how to trade, please like and follow my channel. I will provide exclusive trading services for members.

kelmarin

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17 jam lalu

Dagangan aktif

Silver's short-term moving average is showing a bearish trend, and the MACD indicator's fast and slow lines are both below the zero axis, indicating that bearish momentum is strengthening. On Friday, silver's 5-day moving average touched $51 for the second time and then fell back, indicating that there is strong resistance above. Trading strategy: Focus on the support level near $49 and the upper resistance level of $51. We can short at the high end of this range and buy at the low end. Next Monday, the specific entry point and timing will be given in the channel. Short-term trading requires accurate technical analysis and timely advice, because support and resistance levels are constantly changing. Find the entry point of the channel and I will wait to bring you profits.

5 jam lalu

Dagangan ditutup: sasaran tercapai

Silver's short-term moving averages are showing a bearish trend, with both the MACD lines below zero, indicating strengthening bearish momentum. The final trading day of this week revealed strong resistance above $51. Focus is on support near $49 and resistance above $51. This range also presents an opportunity for trading.