Silver neutral

The "drift" of silver before the FOMC meeting was a success. What now?

04 august 2022 75
Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices" and "Metals"
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The "drift" of silver before the FOMC meeting on July 27 was a success, especially with an increase of 3.2% 24 hours before the meeting and its continuation for 8 hours after the meeting.


* The time zone of the chart is GMT + 2



Today, the metal is trading closer to the upper limit of the 18.5 - 20.5 range.



The confirmed doji star has not yet been able to change the direction of price movement, but now DeMarker's entry into the overbought zone has also been added. This increases the probability of silver falling to 19.5, and possibly to 18.5.

Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices" and "Metals"
2nd in the segments "Currencies" and "US stocks"
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