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  1. SILVER (XAG/USD) Price Action Analysis - daily bearish ranging within Fibo levels near 100 SMA/200 SMA area of bullish reversal

    by , 01-11-2016 at 06:40 PM
    Daily price is located below 200 period SMA (200 SMA) and below 100 period SMA (100 SMA) for the primary bearish market condition with the ranging within Fibo resistance level at 14.34 and Fibo support level at 13.64. RSI indicator is estimating the ranging condition to be continuing.

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    If the price will break Fibo resistance level at 14.34 so the local uptrend as the bear market rally will be started up to 14.61 as the next target.
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