Silver Dec, 8 2020

Technical Analysis
Tuesday, December 08, 2020 - 23:26
Point Trader Group

Overview:

prices are moving in an upward short-term direction.

Expected:

We note on the chart that the pair is approaching a strong resistance level around 24.75, which enhances the downside chances during today's trading to 24.35.

Alternative Scenario:

On the other hand, we see that if the level of 24.75 is broken to the upside, this pair might push further to the upside to 24.95.

 

Resistance24.7524.9025.00
Support24.3524.2024.00

 

  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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