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The Silver Commodity Instrument on the 4-hour chart still appears to be moving within its Bullish bias, which is confirmed by the WMA (21) that has a slope which is going upwards and the movement of Silver prices is above the WMA (21) where in the near future Silver will try to break and close above the level of 37.214. If successful, then the level of 37.703 will be its main target and if the momentum and volatility support it, then 38.557 will be the next target for Silver. However, please also note that the appearance of Divergence between the movement of Silver prices and the Stochastic indicator gives a warning of the potential for a weakening correction in the near future, but as long as it does not breaks and close below the level of 35.430, Silver will continue to strengthen in accordance with what has been explained previously.
(Disclaimer)
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
