We have arrived at an important point with silver. Taking a look at it I can assume that the rise we had yesterday with the FOMC rate decision was a way for it to come out of the oversold area. If todays daily candle closes as an inverted hammer that would be a good signal to short.
Looking at past data when price reaches 17.04 it mostly always drops to 15.78.
look for long term sell when price revisits this area.
Looking at past data when price reaches 17.04 it mostly always drops to 15.78.
look for long term sell when price revisits this area.
Komen:
Price might consolidate for a couple more hours in this area. Seems that a drop is coming soon
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