The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
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During today's Pacific session, silver quotes reached the target support at 37.17. Prior to that (yesterday), the price made a strong downward move, breaking through the balance and MACD indicator lines.
The Marlin oscillator had been signaling such a development for several days, as it had already settled in negative territory. After breaking below 37.17, a series of levels opens up for the price: 36.180, 35.858, 35.410, and 34.920. The strongest appears to be 35.410, which served as insurmountable support for all June attempts to break it. This is likely the main near-term target.
On the four-hour chart, the price consolidated below the indicator lines. Before this, preparatory work had been carried out by the Marlin oscillator, which twice reversed downward from the zero line (arrows). Now, after consolidating below 37.170, the price may continue its decline without losing momentum toward the first target level at 36.180.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
