Silver managed to break out 21.4 support area and when straight to 20.7 RBS level .
Sell Idea Level is on 21.4 As it will be first retest as SBR (Support become Resistance) Area. Confluence with Fibonacci retracement level. Expected Pullback to hit 50% - 61.8% area before continue the bearish trend.
Market sentiment . Some still believe Feds Will go for another Aggressive rate hike on Dec before ending the year. This would be some sort of mix signal that might gives Dollar Temporary Strength to Gain from 106 to 110 area. If price start price in for Dollar, We will some price drop towards gold and silver might as well the major pairs trading against it.
Confirmation Entry if only Price Close below 21.4 on Daily - H4 timeframes. Intraday can scalp that level for 20-30 pips as break out area retest as first time back area (SBR)
Trade at your risk , This is only my bias toward silver , Everything is only forecast
Sell Idea Level is on 21.4 As it will be first retest as SBR (Support become Resistance) Area. Confluence with Fibonacci retracement level. Expected Pullback to hit 50% - 61.8% area before continue the bearish trend.
Market sentiment . Some still believe Feds Will go for another Aggressive rate hike on Dec before ending the year. This would be some sort of mix signal that might gives Dollar Temporary Strength to Gain from 106 to 110 area. If price start price in for Dollar, We will some price drop towards gold and silver might as well the major pairs trading against it.
Confirmation Entry if only Price Close below 21.4 on Daily - H4 timeframes. Intraday can scalp that level for 20-30 pips as break out area retest as first time back area (SBR)
Trade at your risk , This is only my bias toward silver , Everything is only forecast