Silver - Hourly/4 Hourly

Silver is setting up nicely to either Break out of the resistance trendline.
It can either breakout of the downward sloping trendline which might take it to the previous high or it may take resistance and come down to the support line!

Keep your eyes open and lets see how the price action unfolds here

Trade ist aktiv:

Silver has taken resistance from the level that was mentioned and is now almost coming at the support level once again.
Once can take a bullish bet only after there is price action confirming the swing long set-up.
Beware of traps!

Kommentar:

Perfect bounce from the support yesterday! Those who took longs must be very happy!