HomeContributorsTechnical AnalysisSilver Falling Like A Stone

Silver Falling Like A Stone

Silver made a bounce and it was expected to drop. The drop happened at important resistance so we are close to the POC zone now.

25.60-26.05 is the Point of Confluence zone. We also see the ATR low and D L3 camarilla which is projecting a possible bottom. When the price gets in the zone we could see either a bounce or a breakout below. A bounce should target 28.11 and 28.33 while the breakout below 25.60 targets 25.20 and 23.98.

 

Elite CurrenSea
Elite CurrenSeahttps://www.elitecurrensea.com/
Elite CurrenSea Accessible Forex Trading Systems & Education With over 30 years of combined trading experience, we design, test, and provide successful Forex, CFDs & Crypto trading systems and solutions for retail and institutional traders alike.

Featured Analysis

Learn Forex Trading