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FX.co ★ Technical Analysis of Intraday Price Movement of Silver Commodity Asset , Monday April 01 2024.

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Forex Analysis:::2024-04-01T03:10:13

Technical Analysis of Intraday Price Movement of Silver Commodity Asset , Monday April 01 2024.

Technical Analysis of Intraday Price Movement of Silver Commodity Asset , Monday April 01 2024.

With the appearance of the Triple Bottom and the Bullish 123 pattern which is also followed by the presence of deviations between price movements and the Stochastic Oscillator indicator on the 4-hour chart, in the near future the Silver commodity asset has the opportunity to strengthen towards level 24,995. If this level is successfully broken upwards then the next level will be The target is 25,050 and if the momentum and volatility are supportive enough then it is not impossible that the level of 25,720 will be the next target to be aimed at, it's just that on the way to these levels of course there will be small corrections that occur, but as long as the correction the decline does not fall below the level 24,290 then the Bull condition that is currently occurring is still going on safely.

(Disclaimer)

Analyst InstaForex
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