Silver Weekly Wedge Breakdown Confirms Resistance

Penjualan

CFD pada Perak ($AS/OZ) (TVC:SILVER)

TVC:SILVER CFD pada Perak ($AS/OZ)

I was really hoping in my last chart that silver would break up and consolidate around $16.20 then move upward. However, the move was potentially too fast, the RSI and Stoch were both really high, as you can see the price didn't hold $16 for long. I charted this silver wedge last week and now its really seems to be playing out. I am expecting a retrace back to $14.86 but I am not a PRO and I am still learning especially with fibonacci. Remember that Gold can effect Silver price too.

*This is not trading advice.*

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