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SHOCKING REVERSAL IN SILVER MARKET: Are You Prepared for the Next Move?
After a rollercoaster week, the silver market is back with a vengeance! Following an explosive start, itโs taken a dramatic turn that has analysts buzzing and traders on the edge of their seats.
Buckle up, folks! Midweek, the silver futures were sent plummeting, hitting a low of $36.28 after soaring to an earlier high of $38.51. This jaw-dropping reversal was no flukeโit was a textbook case of technical analysis gone wild!
But thatโs not all! With the Gann Time Cycle now predicting the NEXT BIG PIVOT on Monday, August 4, the excitement is palpable. This isnโt just another day; itโs potentially a monumental turning point!
Letโs break it down: After the market hit a wall of resistance right below the $38.20 markโa key technical barrier tied to the VC PMIโit took a nosedive, landing itself right in the Weekly Buy 2 zone. What does that mean? It screams โBuy!โ as we may have just hit a temporary bottom, thanks to a surge in trading volume and promising indicators!
Now, silver is on the rebound, climbing back above the crucial $36.96 level and flirting with a price of $37.10! This recovery signifies a bullish shift that could lead us towards unimaginable heights in the coming days!
Mark your calendars! August 4 isnโt just another date; it’s a potential launchpad to astronomical figures like $38.05 and an audacious target of $38.92! If it surges past $38.20, the sky is the limit with a testing phase at $39.47 looming on the horizon.
But beware! If silver fails to hold above the $36.68โ$36.12 zone, it could spell disaster for bullish hopes and open the door to new lows. Itโs a high-stakes game, and every trader needs to be on high alert!
The alignment of technical indicators with Gann cycles presents an exciting opportunity to dive into silver futures! The current backdrop is ripe for disciplined trading as we prepare for the thrilling potential of the forthcoming pivot window!
Are you ready to ride the silver wave? The time to act is NOW!
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CAUTION! Trading in derivatives and precious metals carries a high risk of loss and isnโt for the faint-hearted. Past performance doesnโt guarantee future successโtrade at your own peril!
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