Silver has formed a falling wedge with low volumes, we can see a clearly divergence in on balace volume and momentum.
In daily chart there was a double bottom and then the wedge so we have 2 inversion figures. in h4 chart a rsi divergence.
If we look at futures contracts we can see that they have a high price so the investors are positive about silver.
Fundamentally this evening there will be Fed decision and I think Powell will tak about a possible cut in future because there are some divergences beween he and trump.
In daily chart there was a double bottom and then the wedge so we have 2 inversion figures. in h4 chart a rsi divergence.
If we look at futures contracts we can see that they have a high price so the investors are positive about silver.
Fundamentally this evening there will be Fed decision and I think Powell will tak about a possible cut in future because there are some divergences beween he and trump.
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Buy at 1.14725Take profit 1 at 1.1517
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.