Tuesday, May 16, 2006

Spot Silver Intraday Chart (XAG)

I have annotated 4 hours spot silver price chart with Fibonacci lines and selected moving averages, (4 hours MA = ~ DMA/6; MA 60 = 10 DMA …). In my opinion silver is consolidating under the ~15$ long term resistance area , once the consolidation is over expect the silver price to rally toward the 20$ level.

XAG spot silver intraday price chart

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