Forex Price Action – Silver Holds Above Dynamic Resistance | Oct. 25th

As noted two days ago, Silver was showing reducing price action spreads which suggested to me it was bottoming out around $31.50.  That is exactly what happened, and has now broken above the dynamic resistance, holding above it for the last 12hrs.  If the $32 level and dynamic support can hold, then an attack on $32.50 should be next up, and clearing this opens the door for $33.00.

Short term traders can look for possible sells at $32.47 or $33.00 on corrective weakness, while aggressive bulls can buy at $32.00, or corrective pullbacks into $31.50.

price action spreads dynamic resistance oct 25th

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Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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