English
Silver August, 10 2020
Overview:
The above chart shows that the pair is approaching a strong resistance level around 29.69, which enhances the downside chances during the upcoming period
Expected:
We will wait until the pair reaches the aforementioned resistance level, and in the event that negative signals appear, we may sell to target the 29 level.
Alternative Scenario:
On the other hand, we think that if the level of 29.69 is broken to the upside, this pair might push further to the upside, reaching 31.20.
| Resistance | 29.69 | 30.00 | 31.20 |
| Support | 29.00 | 28.80 | 28.50 |
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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