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Silver is in the early stages of the next impulsive rally towards strong resistance near 30.00. We have seen silver stall at 30.00 twice before. However, the next attempt will be successful and a clear break above 30.00 will call for a continuation towards the all-time high at 50.00.
In the short term, we are looking for a test of minor resistance at 23.27. A break above here confirms the expected rally towards the strong resistance at 30,00 and likely higher.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
In the upcoming week, the British pound is highly likely to follow a general sideways trajectory. A brief price decline is expected early in the week. Toward the weekend, volatility
At the beginning of the upcoming week, the European currency is expected to continue moving sideways along the calculated counter-trend zones. A downward movement is more likely at the start
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