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[Silver]
Given the Death Cross condition of both EMAs and the RSI in the Neutral-Bearish zone, the potential for further weakness in Silver remains significant.
Key Levels:
1. Resistance. 2 : 52.032
2. Resistance. 1 : 51.098
3. Pivot : 50.332
4. Support. 1 : 49.338
5. Support. 2 : 48.612
Tactical Scenario:
Pressure Zone: If the price breaks down and closes below 49.338, there is potential for it to continue weakening to 48.612.
Momentum Extension Bias: If 48.612 is breached, Silver may test the level at 47.678.
Invalidation Level / Bias Revision:
The downside bias is restrained if Silver breaks and closes above 52.032.
Technical Summary:
EMA(50) : 50.489
EMA(200): 51.167
RSI(14) : 35.74
Economic News Release Agenda:
Tonight from the United States, there is only the release of Factory Orders m/m at 22:00 WIB.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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