• Silver reversed from support level 24.0
• Likely to rise to resistance level 27.45
Silver recently reversed up from the support level 24.0 intersecting with the lower daily Bollinger band and the 61.8% Fibonacci correction level of the previous upward impulse 1 from the end of November.
The upward reversal from the support level 24.40 created the daily Japanese candlesticks reversal pattern Hammer.
Silver is expected to rise further toward the next pivotal resistance level 27.45 (which has been reversing the price from September).
- GBPUSD reversed from support level 1.2495 - Likely to rise to resistance level 1.2625…
- EURUSD reversed from powerful support level 1.0350 - Likely to rise to resistance level…
- WTI broke daily Triangle - Likely to rise to resistance level 70.90 WTI crude…
- AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200…
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
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