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.

(Click on image to enlarge)


Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.