Arazmajeed

SILVER 4H :above 21.97 will support to rise up

Long
Arazmajeed Updated   
OANDA:XAGUSD   Silver / U.S. Dollar
SILVER

New forecast

The price perfectly fulfills my last idea .

The narrow range continues to dominate silver price trading, awaiting a positive incentive that will help push the price higher again and achieve our expected target at 22.23.

Until now, we continue to favor the bullish trend in the intraday term but to confirm the bullish trend should stable above 21.97 and then will reach to 22.23 remembering that breaching the 22.23 level will push the price to 22.50 as the next main station. keeping in mind that breaking the levels of 21.35 will stop the expected rise and put pressure on the price to turn lower.

The expect range trading for today it will be between resistance line 21.97 and support line 21.35 until stabilized

Additionally ,Today News will affect the market .

support line : 21.60 , 21.35
resistance line : 21.97 , 22.23

Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
SILVER

New forecast

The price perfectly fulfills my last idea and price reached to our target +150 pip

The price of silver fluctuates positively after reaching our expected target at 22.23, and it receives positive support, enhancing the chances of surpassing this level and opening the way for the continued rise to achieve new positive levels extending to 22.50. and 22.88

Therefore, our expectations for the upward trend will remain valid and effective but should stable above 22.23 and then our target will be active , keeping in mind that failure to stabilized above 22.23 will put pressure on the price to bounce downwards and mainly target the 21.97 and 21.60 areas.

The expect range trading for today it will be between resistance line 22.23 and support line 21.97 until stabilized

Additionally ,Today News will affect the market .

support line : 21.97 , 21.60
resistance line : 22.23 , 22.50

Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️


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