SILVER RESISTANCE BREAK-THROUGH
Silver broke through its resistance at 24.39 on the 4h graph, signaling probable continuation of the bullish trend.
Both MACD indicator and the RSI indicator are signaling bullish trend as well, with MACD histogram being above 0 and rising and RSI being above its neutral line.
If the trend continues we might see the price reaching levels of 24.77 and 24.87
In the opposite scenario, the price might return and test levels of 24.45
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Both MACD indicator and the RSI indicator are signaling bullish trend as well, with MACD histogram being above 0 and rising and RSI being above its neutral line.
If the trend continues we might see the price reaching levels of 24.77 and 24.87
In the opposite scenario, the price might return and test levels of 24.45
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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