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*

Daily analysis of Silver for September 03, 2014

SILVER_3-9.png


Overview


As shown on today's H4 chart, the metal failed to break the support level of 19.00 and is still trading between the support level and below the resistance level of 19.20. Currently, it is bouncing from the support level and is preparing for the bullish move. So, we still suggest waiting for closing above the resistance level of 19.20 to give us a new opportunity for more buy signals with the first target few pips below the resistance level of 19.50. Then, after breaking this resistance level silver would open the way towards the new resistance level of 19.75, which means more bullish signals. But as long as the metal trades below the resistance level of 19.20, this cancels the bullish scenario.


Resistance and support levels: R3 (19.75), R2 (19.50), R1 (19.20), S1 (19.00), S2 (18.75), S3 (18.50).


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