June 1, 2012

SILVER Resistance zone

  • Silver four hour chart shows resistance zone at 28.80 - 28.92
  • Four hour chart also shows resistance at 38.2% Fibonacci level.
  • Daily chart shows price violating 20 day SMA. During this down move attempts to sustain above 20 day SMA has failed so price has to trade above the resistance zone shown in the above charts for a sustained up move to happen.


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