FxWirePro
Long

Silver breaks major trendline resistance at $14.75,targets $15.3

FX:XAGUSD   Silver / U.S. Dollar
214 4 6
Silver             has broken trend line resistance at $14.75 ( trend line joining $15.90 and $ 14.98) and this confirms short term bullishness, a jump till $15.30 cannot be ruled out.

On the downside minor support is around $14.60 and any weakness only below that level.

Any break below will target $14.35/$14.

The minor resistance are $15/$15.15.

It is good to buy around $14.78 with SL around $14.59 for the TP of $15.30
Great call on Silver, made some good profits
Reply
Rupesh Rupesh
Technical outlook and chart setups:
Silver breaks aboves its 50 Day moving average around the $14.70 levels as seen here. A successful break here and subsequently the $15.00 levels, could confirm that a meaningful bottom is in place around the $14.40 levels. It is hence recommended to remain long for now with risk at the $14.25 levels. Immediate support is seen at the $14.40/50 levels followed by $14.00, $13.00 and lower, while resistance is seen at the $15.00 levels followed by $15.30, $15.90 and higher respectively. Current rally is still a pullback and can find resistance around the $15.30 levels.
Trading recommendations: Remain long with stop at $14.35.
Good luck!

Reply
Good and thank
you
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out