4.15 Silver Analysis: The daily chart shows a bullish arrangement pattern, with the overall upward trend remaining intact. The MACD indicator's two lines continue to diverge upward, with red momentum bars steadily increasing. The RSI indicator is also rising, indicating that the bulls are dominating the market, and the medium-term bullish pattern is clear.



However, it should be noted that short-term cycle indicators have entered the overbought zone. After continuous price increases, a large amount of profit-taking has accumulated. In the short term, there is a need for consolidation to digest profits and repair overbought indicators. The most likely scenario is a pullback to gather strength, and it probably will not directly reverse the bullish trend.

Trading suggestion: Gradually build long positions in the 77-79 range, with a stop-loss set at 75. The targets above are sequentially 83 and 87.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin