March 16, 2012

SILVER Chart Analysis

FOUR HOUR CHART
DAILY CHART
ONE HOUR CHART
  • Silver daily chart is finding support at 50% Fib level
  • 20 period SMA of four hour chart is acting as resistance as shown in first chart.
  • An up move is possible if price trades above the 20 period moving average of four hour time frame.
  • One hour chart shows price contraction which may lead to a bigger move.

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