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[Silver]
With the Golden Cross of EMA(50) over EMA(200) and the RSI(14) in the Extreme-Bullish area, it can be concluded that Silver has the potential to continue strengthening throughout today.
Key Levels
1. Resistance. 2 : 80.667
2. Resistance. 1 : 76.618
3. Pivot : 75.767
4. Support. 1 : 73.718
5. Support. 2 : 70.867
Tactical Scenario
Positive Reaction Zone: If the price of Silver breaks above 75.767, the price movement may rise toward 76.618.
Momentum Extension Bias: if 76.618 is broken, there is potential for Silver to test 80.667.
Invalidation Level / Bias Revision
The upside bias weakens if Silver suddenly falls and breaks and closes below 70.867.
Technical Summary
EMA(50) : 75.942
EMA(200): 74.410
RSI(14) : 76.87
Economic News Release Agenda :
Tonight from the United States the following economic data will be released:
US- Final Services PMI - 21:45 WIB
US - API Weekly Statistical Bulletin - 04:30 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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