REDATOR Ben Graham Posted January 6 REDATOR Report Share Posted January 6 [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 Levels1. Resistance. 2 : 80.6672. Resistance. 1 : 76.6183. Pivot : 75.7674. Support. 1 : 73.7185. Support. 2 : 70.867Tactical ScenarioPositive 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 RevisionThe upside bias weakens if Silver suddenly falls and breaks and closes below 70.867. Technical SummaryEMA(50) : 75.942EMA(200): 74.410RSI(14) : 76.87Economic News Release Agenda :Tonight from the United States the following economic data will be released:US- Final Services PMI - 21:45 WIBUS - API Weekly Statistical Bulletin - 04:30 WIBThe material has been provided by InstaForex Company - www.instaforex.com Visitante_15ee9143 1 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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