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BitonGroup
Jan 31, 2021 10:40 PM

Silver Weekly TimeFrame Analysis 01/02/2021 Long

SilverOANDA

Description

as we can see we have few resistance areas and a heavy zone before reaching our Fibonacci projection parallel leg levels and we have specified it as our TP areas
if the price continue its rally in the specified Chanel the Arrows so does the date for our TP occur ON time as we have specified them by Fibonacci time Zones
i believe this commodity is under valued so we have some chance to purchase it and invest on it
it has a long term horizon yet worth of thinking abut it
please comment your opinon

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longing from 25
Comments
MMBTtrader
thanks for sharing
BitonGroup
@MMBTtrader, most welcome
Rev_Daily_Traders
Good job mate, i luke your work. Thanks mate for sharing I really appreciate
BitonGroup
@Rev_Daily_Traders, i am very happy and pleased that you liked these analysis, and i would be glad and proud if you could capitalize based on them. thanks for commenting such nice words
Jaiegh
Great tech analysis. I'd add to watch for a pullback to the ~32/33 zone once it hits that large resistance area. Its possible some stop-loss hunting will happen from large holders taking profit/fearing the downturn.
BitonGroup
@Jaiegh, 'thanks for the compliment but i believe it wont move slowly to 32-33 zone and it can get pumped trough it as it has already done its distributions and probably we wont be facing a heavy resistance in that zone...
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