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*

Silver Technical Analysis for August 12, 2016.

Technical outlook and chart setups:

Silver is seen to be trading at $19.95/20.00 levels for now, after having tested $19.80 levels yesterday. The metal also looks to be consolidating (triangle) and seems to be in its last leg drop as shown here. If the above wave count holds true and silver breaks above the resistance line of consolidation at $20.40/50 levels, the metal would push further towards $21.13 levels going forward. It is recommended to book profits on short positions taken earlier and turn bullish with risk below $19.40 levels. Immediate interim support is seen at $19.45 levels, while resistance is at $20.50 levels respectively. Bulls should be poised to remain in control, till prices stay above $19.45 levels going forward.

Trading recommendations:

Book profits on short positions taken earlier. Turn bullish now, stop at $19.40, target is open.

Good luck!

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