Silver September, 02 2020
Overview:
We notice on the above chart that the pair is trading below a strong resistance level around 28.80, which enhances the downside chances during today's trading.
Expected:
Continuing to trade below the aforementioned resistance level, may push the pair down to 27
Alternative Scenario:
On the other hand, we think that if the 28.80 level is broken to the upside, this pair might push up to 29.20
Resistance | 28.80 | 29.00 | 29.20 |
Support | 27.00 | 26.80 | 26.50 |
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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