Silver recently reversed down 3 times from the powerful resistance level 16.00 – intersecting with the daily Upper Bollinger Band.
The latest downward reversal from the resistance level 16.00 started active short-term impulse wave (c) – which belongs to the ABC correction 2 from last month.
Silver is expected to fall further and retest the next support level 15.55 (former key resistance from July and March).
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Even though the Bank of Japan left the key rate and parameters of the QE…
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- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
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