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Mihai_Iacob
Dec 23, 2021 2:28 AM

Silver is entering my sell zone Short

SilverOANDA

Description

In my yesterday's commentary on Silver, I said that around 23 is the best place to sell.
If we look at the h1 chart, we can see that since the 21.50 low and daily support, Silver has started its rebound.
However, the rise is overlapping, not impulsive, and is drawing a rising wedge on our short-term charts.
At this moment Silver is entering my sell zone between 22.80 and 23.30 and I expect gains to be well capped here.
Confirmation of a potential drop comes with a break under wedge's support and the target can be the recent low.
Also, a reversal from this point will make me strongly bearish Silver and in my opinion, this 21.50 can fall also if you get there.
Silver above 23.50 would negate this scenario
Comments
BlessedBlasphemer
nice chart , well done
Mihai_Iacob
RustyNail_
Hey bro what do you think now?
gokmen29
Dude, we are in a possible price increase period. I do not agree with your opinion. Thanks for the analysis.
bacckre
hhhhhh
AnonimFXRO
lets go !
MadWhale
agree here
CobraVanguard
nice TA
MMBTtrader
we can expect fall
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