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Silver Spot likely to test 32.4260 in the near future. Where to next?

Silver Spot is heading towards 32.4260 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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Because BTCAUD formed a Channel Down pattern, we expect it to touch the support line. If it breaks through support it may move much lower

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