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Jimmy_Rebello
Jan 7, 2024 4:44 PM

Silver expected to fall by 5-7% - #2 

Silver FuturesMCX

Description

after the gap up of 29nov

there is price imbalance and buyer's liquidity is laying down under @ 68000 to 66000 zone
simple if you the candle from december month youll see reds are more dominat then green and green pullbacks came from previous value zone that were not tested are acting as order block triggering the buy order of buyers

BUT.....
there are two more level that need to consider is 68-66000 where we can see good buying as of now while recording this analysis

waiting for buy opportunity instead of going short

Comment

silver crossed below 72k,
73360 is static liquidity, let it mitigate the 69k-67k for buying

Comment

the swing of 9th jan to 12th jan
used fib retracement found the cmp is hovering near golden zone of 0.7
Comments
beniwalshravan
Sir, can you update your views from here onwards ??
Jimmy_Rebello
beniwalshravan
@Jimmy_Rebello looking forward to it, thank you
Jimmy_Rebello
@beniwalshravan, update on new post check that
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