empty
 
 
02.08.2012 10:35 AM
Silver Rally To Resume..

This image is no longer relevant

 

 

Technical Outlook and Chart Setups:
As with gold, yesterday’s fall can be termed as just a retracement, after the range breakout above 27.50 levels last week. Retracements are healthy signs indicating further movements left towards the trend. We continue to remain bullish on silver and suggest that 27.50/60 levels are good entry points for the next rally to resume. We expect this to happen in 1-2 trading sessions. The next upside targets are 29.00 and 30.00 levels in the coming sessions.
Trading Recommendations:
Stay long for now. Target 30.00 at least.

Good Luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback