Silver Intraday: the downside prevails.
Jun 18, 2024 11:26
Silver (XAG/USD)
-0.022-0.08%
short positions below 29.37 with targets at 29.00 & 28.85 in extension.
Pivot: 29.37
Our preference: short positions below 29.37 with targets at 29.00 & 28.85 in extension.
Alternative scenario: above 29.37 look for further upside with 29.52 & 29.72 as targets.
Comment: as long as the resistance at 29.37 is not surpassed, the risk of the break below 29.00 remains high.
Supports and resistances:
29.72
29.52
29.37
29.13 Last
29.00
28.85
28.65
Our preference: short positions below 29.37 with targets at 29.00 & 28.85 in extension.
Alternative scenario: above 29.37 look for further upside with 29.52 & 29.72 as targets.
Comment: as long as the resistance at 29.37 is not surpassed, the risk of the break below 29.00 remains high.
Supports and resistances:
29.72
29.52
29.37
29.13 Last
29.00
28.85
28.65
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
