The silver chart is forming an triangle formation. The range formed is 52300 to 53000! ANy break out towards the upward or downward would lead to continuing of the trend.
Resistance and support for the week:-
R4 53220.00
R3 52532.50
R2 52303.33
R1 52074.17
S1 51615.83
S2 51386.67
S3 51157.50
S4 50470.00
Upward movement break out seen today... short term positive movement can be seen!!!
ReplyDeleteso.... there was a positive breakout of the traingle and then it made a high of 53400... and it rebound back with price today fallin to 52300 at the time of opening... so what went wrong...? hmm... it seems like the upward trend would hav been confirmed only if it would hav closed above 53000(which was a breakout line)...! LET SEE what happens next....!
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