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17.09.202407:26 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Monday September 17, 2024.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 17.09.2024 analysis

After successfully breaking through the 30,129 level and the Upper Line of its Bullish Pitchfork on the 4-hour Silver chart, the commodity asset will now experience a downward weakening correction as long as there is no further strengthening that breaks through the 31,429 level, then the Silver commodity asset will weaken down to the Middle Line of the Bullish Pitchfork and if it is successfully broken down, Silver will continue its weakening back to the 29,775 level as its main target and if the momentum and volatility support it, the 29,453 level will be the next target to be aimed for.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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