GOLDTREND-NET
Short

Silver - Short term bounce is over ?

FX_IDC:XAGUSD   Silver / U.S. Dollar
Silver has been in a bounce from 15.00 support level .
A double top was formed at 16.20
Daily trend-line was broken.
MACD and RSI bearish divergences occurred.
Price tested neckline of double top at 15.50 but seems to reject when an inverted hammer daily candle appeared at that resistance.

Downtrend may resume with a target at 14.80 support level .

Trade Recommendation:

Sell limit at 15.40-15.45
Stop loss at 15.60
Take profit at 14.80

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http://www.goldtrend.net

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support@goldtrend.net

Comment: Waiting to enter the trade as price bounces back to 15.35, very close to our limit order.
Trade active
Trade closed: stop reached
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