Silver continues to rise inside the impulse wave (3) which started earlier from the support area lying between the key support level 17.00 (which also reversed the price in August) and the 50% Fibonacci correction of the previous upward impulse (1) from July.
This support area was further strengthened by the lower daily Bollinger Band.
Silver is expected to rise further and retest the resistance level 18.500 (which reversed the price with the daily Evening Star in September).
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
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