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 May 24, 2016

Technical outlook and chart setups:

Silver is also seen to be trading lower at $16.28 level at this moment, and it is expected to find support at $16.00 level. Please note that fibonacci 0.618 support is also at $16.00 level and a bullish turn from there remains high probability. It is hence recommended to initiate long positions around $16.00 level and also add further, with risk at $15.50 level. Immediate support is at $15.80 level, while resistance is seen at $16.70 level respectively. Bulls are expected to remain in control from $16.00 levels, going forward. Only a break below $14.80 level would be a concern for short-term bull run.

Trading recommendations:

Remain long from $16.00 level, stop at $15.50, a target is open.

Good luck!

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