S&P 500 Forecast: Potential Drop Ahead?
Silver is gradually approaching the resistance at the level of 24.75. The asset might eventually face this resistance, pull back from it, and drop to the level of 22.40. Now, it would be good to follow the candlestick formations, which may forecast the next move of silver.
American stock index S&P 500 is heading towards a very interesting horizontal level of 4070, which has been tested already many times in a row. The index is likely to pull back from this level and drop. However, it might also break the level through. Hence, the candlestick formations are the ones to watch for.
The British pound should face resistance at the level of 1.2450 soon. This level serves as an upper boundary of the range. At this point, the currency pair might potentially drop and gain the required support at the level of 1.1842. So, let’s observe what will happen next.
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