SILVER Will Go Down From Resistance! Short!
Here is our detailed tehcnial review for Silver.
Time Frame: 4H
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal resistance 23.44.
Considering the today's price action, probabilities will be high to see a movement to 22.72
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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