Silver Intraday: Rebound or deeper decline ahead?
Silver (XAG/USD)
-2.537-3.79%
In spite of the current rebound, our pivot threshold at 67.50 has not been hit and our target remains 64.34
Our pivot point is at 67.50.
Our preference: In spite of the current rebound, our pivot threshold at 67.50 has not been hit and our target remains 64.34
Alternative scenario: above 67.50, look for 68.64 and 69.32.
Comment: Prices are now approaching our first target. Reaching this level could trigger a pullback. Conversely, a decisive break below it could lead to a further fall.
Supports and resistances:
69.32 **
68.64 *
67.50 **
65.19 last
65.02
64.34 **
63.66 *
Our preference: In spite of the current rebound, our pivot threshold at 67.50 has not been hit and our target remains 64.34
Alternative scenario: above 67.50, look for 68.64 and 69.32.
Comment: Prices are now approaching our first target. Reaching this level could trigger a pullback. Conversely, a decisive break below it could lead to a further fall.
Supports and resistances:
69.32 **
68.64 *
67.50 **
65.19 last
65.02
64.34 **
63.66 *
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
