REDATOR Ben Graham Posted January 21 REDATOR Report Share Posted January 21 SILVERWith the EMAs forming a Golden Cross and the RSI in the Neutral-Bullish area, Silver has the opportunity in the near term to test its nearest resistance level. Key Levels1. Resistance. 2 : 97.5772. Resistance. 1 : 96.0483. Pivot : 94.3124. Support. 1 : 92.8035. Support. 2 : 91.067Tactical ScenarioPositive Reaction Zone: If the price of Silver holds at 94.312, there is likely to be upward movement toward 96.048.Momentum Extension Bias: If 96.048 is also broken, Silver may continue strengthening to 97.577. Level Invalidation / Bias RevisionThe upside bias weakens if the price of Silver breaks below 91.067. Technical SummaryEMA(50) : 94.246EMA(200): 91.955RSI(14) : 49.86Economic News Release Schedule:Tonight, ahead of the U.S. market open, in addition to a scheduled speech by U.S. President Donald Trump at 20:30 WIB, the following economic data will be released:AS - Pending Home Sales m/m - 22:00 WIBAS - Construction Spending m/m - 22:00 WIBAS - Construction Spending m/m - 22:00 WIBAS - API Weekly Statistical Bulletin - 04:30 WIBThe material has been provided by InstaForex Company - www.instaforex.com Visitante_b539574d, Visitante_bfd06540 and Visitante_da448f07 1 1 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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