Silver Intraday: The downside prevails as long as 67.46 is resistance
Silver (XAG/USD)
-2.945-4.25%
The downside prevails as long as 67.46 is resistance, with 64.86 and 64.17 as targets
Our pivot point is at 67.46.
Our preference: The downside prevails as long as 67.46 is resistance, with 64.86 and 64.17 as targets
Alternative scenario: above 67.46, look for 68.63 and 69.32.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 68.88 and 69.18).
Supports and resistances:
69.32 **
68.63 *
67.46 **
66.52 last
64.86
64.17 **
63.48 *
Our preference: The downside prevails as long as 67.46 is resistance, with 64.86 and 64.17 as targets
Alternative scenario: above 67.46, look for 68.63 and 69.32.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 68.88 and 69.18).
Supports and resistances:
69.32 **
68.63 *
67.46 **
66.52 last
64.86
64.17 **
63.48 *
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