Silver Short Term Forecast
D1 - The price which is moving higher has currently reached a key resistance zone formed by the 100%(18.788) fibonacci expansion level of the first wave and the 61.8%(19.380) fibonacci expansion level of the second wave.
Until this key resistance zone holds I expect corrections to happen here.
H4 - Price has created two false breaks with bearish divergence.
If we get a valid breakout below the low at 18.850, we may then expect further continuation lower in the short term.
Until this key resistance zone holds I expect corrections to happen here.
H4 - Price has created two false breaks with bearish divergence.
If we get a valid breakout below the low at 18.850, we may then expect further continuation lower in the short term.