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Silver (CME) (H4) intraday: the downside prevails as long as 25.20 is resistance
2023-12-04
973
Our pivot point is at 25.20.
Our preference: the downside prevails as long as 25.20 is resistance.
Alternative scenario: the upside breakout of 25.20, would call for 25.45 and 25.59.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Silver (CME) (H4) stands below its 20 and 50 period moving average (respectively at 25.39 and 25.68).
Supports and resistances:
25.59 **
25.45 *
25.20 **
25.11
25.01 last
24.60
24.46 **
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