MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Technical analysis of Silver for January 22, 2016

Technical outlook and chart setups:

Silver rose through the level of $14.15 today after forming a base around $13.90 yesterday. The metal bounced off the Fibonacci 0.786 support levels and along the trend line support of the consolidation structure. A push above the level of $14.20 will be extremely encouraging for bulls and the metal should be able to move through $14.30 easily. It is hence recommended to remain long with risk at $13.75. Immediate support is seen at $13.90 followed by $13.75 and lower, while resistance is seen at $14.30 and higher respectively. Bulls should remain in control until prices stay above at least $13.75.

Trading recommendations:

Remain long with stop at $13.75, a target is at $14.30/50/60+

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com