In the evening, silver quickly reversed after reaching around 61.968, and the hourly chart shows a typical bottoming and rebound pattern. Currently, the price has returned to 62.213 and is hovering around 62.150, indicating that the short-term downward momentum has significantly weakened. The bullish rebound trend is quite clear, with buying interest at low levels continuously supporting the price, which continues to move upward.
The moving average combination has also turned upward, further confirming that the short-term bullish advantage is dominant. The bottoming and rebound candlestick pattern, combined with gradually expanding trading volume, suggests that bottom-fishing funds are starting to enter in an organized manner, ensuring the sustainability of the rebound.
Once the low point of 61.968 appeared, the intention of bottom-fishing by funds became very obvious. Throughout the entire rebound process, bullish funds have been continuously entering, and there is no sign of significant profit-taking, indicating that short-term control remains with the bulls.
Trading Strategy: • Lightly go long near the support at low levels, focusing on the 62.00-62.10 range • Set stop-loss below 61.80 • Short-term targets are 62.40 and 62.60
Pay attention to the impact of Federal Reserve policy movements on precious metals.
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rugged_again
· 12-14 12:25
It's another bottoming out and rebounding. I've seen this routine many times, and in the end, it still gets smashed down...
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DaisyUnicorn
· 12-13 11:50
Once again, it's the pattern of bottoming out and rebounding. The bullish small flowers are continuously sprouting... The 61.968 position indeed looks very much like organized entry by bottom-fishing funds. As expected, in the precious metals market, it still relies on the Fed, this invisible hand, to water the garden.
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FOMOSapien
· 12-11 13:09
The low point at 61.968 feels a bit shaky, but the bullish momentum is indeed hard to sustain. Let's see if it can hold steady at 62.10.
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GmGnSleeper
· 12-11 13:09
The 61.968 low point is indeed interesting, but I'll wait a bit longer before taking action, worried about getting hit by a flying knife.
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AirdropHuntress
· 12-11 13:07
Once the low point of 61.968 was reached, the liquidity situation was exposed. After research and analysis, this wave clearly shows signs of organized entry. However, it is recommended to pay attention to risks, as the Federal Reserve's policy variables are too unpredictable.
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PrivacyMaximalist
· 12-11 13:03
This wave of bottoming out and rebound is indeed interesting, but it still seems to depend on the Federal Reserve's stance.
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RugDocScientist
· 12-11 12:47
61.968 this support level is really solid, the bulls have no retreat now.
#美联储降息 Silver Night Session Review
In the evening, silver quickly reversed after reaching around 61.968, and the hourly chart shows a typical bottoming and rebound pattern. Currently, the price has returned to 62.213 and is hovering around 62.150, indicating that the short-term downward momentum has significantly weakened. The bullish rebound trend is quite clear, with buying interest at low levels continuously supporting the price, which continues to move upward.
The moving average combination has also turned upward, further confirming that the short-term bullish advantage is dominant. The bottoming and rebound candlestick pattern, combined with gradually expanding trading volume, suggests that bottom-fishing funds are starting to enter in an organized manner, ensuring the sustainability of the rebound.
Once the low point of 61.968 appeared, the intention of bottom-fishing by funds became very obvious. Throughout the entire rebound process, bullish funds have been continuously entering, and there is no sign of significant profit-taking, indicating that short-term control remains with the bulls.
Trading Strategy:
• Lightly go long near the support at low levels, focusing on the 62.00-62.10 range
• Set stop-loss below 61.80
• Short-term targets are 62.40 and 62.60
Pay attention to the impact of Federal Reserve policy movements on precious metals.