Sell opportunity
The pair presents an enticing Sell opportunity at the price of 31.332, with favorable potential for profit.
Targets:
Primary Target:30.176
Secondary Target:28.906
Breakout Scenario:
In the event of a breach above the Resistance level of 32.275, indicative of a bullish breakout, the target price is anticipated to ascend towards 33.000.
Technical analysis indicates a notable Selling sentiment prevailing in the market at the present price level.
Fundamental factors align with the proposed Sell strategy, suggesting upward pressure on the Silver pair.
Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements.
Targets:
Primary Target:30.176
Secondary Target:28.906
Breakout Scenario:
In the event of a breach above the Resistance level of 32.275, indicative of a bullish breakout, the target price is anticipated to ascend towards 33.000.
Technical analysis indicates a notable Selling sentiment prevailing in the market at the present price level.
Fundamental factors align with the proposed Sell strategy, suggesting upward pressure on the Silver pair.
Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements.
GODO Capital Markets
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