[Silver]
With a Death Cross between the two EMAs, Silver has the potential to weaken toward its nearest support level today.
Key Levels
1. Resistance. 2 : 76.962
2. Resistance. 1 : 76.223
3. Pivot : 74.097
4. Support. 1 : 71.358
5. Support. 2 : 69.232
Tactical Scenario
Pressure Zone: If the price breaks down below 71.358, there is potential pressure toward 69.232.
Momentum Extension Bias: If 69.232 is broken
Invalidation Level/ Bias Revision
The downside bias is contained if the price strengthens and breaks above 76.962.
Technical Summary
EMA(50) : 74.122
EMA(200): 76.847
RSI(14) : 65.47
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