Gold Silver Index ST: short term rebound towards 213.2
171.3 is our pivot point.
Our preference: short term rebound towards 213.2.
Alternative scenario: the downside breakout of 171.3 would call for 159.1 and 151.7.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. The price is trading above its 20 day MA (188.27) but under its 50 day MA (196.26).
Supports and resistances:
220.9 *
213.2 **
205.5
189.29 last
176.2
171.3 **
159.1 *
171.3 is our pivot point.
Our preference: short term rebound towards 213.2.
Alternative scenario: the downside breakout of 171.3 would call for 159.1 and 151.7.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. The price is trading above its 20 day MA (188.27) but under its 50 day MA (196.26).
Supports and resistances:
220.9 *
213.2 **
205.5
189.29 last
176.2
171.3 **
159.1 *
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