Last week, Silver reached a new all-time high, almost touching my $55 target.
However, on Friday, the market delivered a powerful sell-off, with the price dropping by around 4,000 pips — from the $54.50 ATH down to the $50.50 support zone.
At this stage, I expect the price to stabilize and form a temporary base of consolidation.
My focus now shifts to the $53.50 resistance zone, which could act as a short-term decision point.
If I observe signs of weakness or rejection in that area, I’ll consider short positions, targeting a potential retest of the $50 support zone.
However, on Friday, the market delivered a powerful sell-off, with the price dropping by around 4,000 pips — from the $54.50 ATH down to the $50.50 support zone.
At this stage, I expect the price to stabilize and form a temporary base of consolidation.
My focus now shifts to the $53.50 resistance zone, which could act as a short-term decision point.
If I observe signs of weakness or rejection in that area, I’ll consider short positions, targeting a potential retest of the $50 support zone.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.