• Silver under bullish pressure
• Likely to rise to 30.00
Silver has been under strong bullish pressure after the earlier breakout of the key resistance level 25.00 (high of wave (C) from 2013) and the 38.2% Fibonacci correction of the weekly downtrend from 2011.
The breakout of the aforementioned resistance levels accelerated the active weekly impulse wave (5).
Given the weekly Momentum is currently near the multi-year highs – Silver is likely to rise further toward the next round resistance level 30.00.
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies