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Long position VS. short position: Which one is better?
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Silver Intraday: as long as 56.25 is support look for 57.80
Silver (XAG/USD)
+2.248+3.99%
as long as 56.25 is support look for 57.80.
Our pivot point is at 56.25.
Our preference: as long as 56.25 is support look for 57.80.
Alternative scenario: below 56.25, expect 55.70 and 55.40.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Silver is below its 20 period moving average (56.78) but above its 50 period moving average (56.39).
Supports and resistances:
58.15 *
57.80 **
57.50
56.76 last
56.25 **
55.70 *
55.40 **
Our preference: as long as 56.25 is support look for 57.80.
Alternative scenario: below 56.25, expect 55.70 and 55.40.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Silver is below its 20 period moving average (56.78) but above its 50 period moving average (56.39).
Supports and resistances:
58.15 *
57.80 **
57.50
56.76 last
56.25 **
55.70 *
55.40 **
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.
