#McxSilver Update:
#McxSilver Update:
As shared earlier in December 2022, #McxSilver broke out of the #FlagPattern above 70150, surged to 102000, and is now retracing to retest the breakout levels.
Current Price: 87910
Support Zones: 77950 / 69400 - 71900
Pattern Target: 114500
While #Silver has dropped over 13% in just 2 trading sessions, there's no need to panic. This could present a good buying opportunity. If you're waiting for a more favorable entry, you can consider buying #SilverBees once #McxSilver hits the aforementioned support zones. Alternatively, doing an SIP in #SilverBees could also be a good strategy for long-term exposure.
Stay calm, stick to your strategy!
#Silver | #McxSilver | #SilverBees | #FlagPattern
#McxSilver Update:
As shared earlier in December 2022, #McxSilver broke out of the #FlagPattern above 70150, surged to 102000, and is now retracing to retest the breakout levels.
Current Price: 87910
Support Zones: 77950 / 69400 - 71900
Pattern Target: 114500
While #Silver has dropped over 13% in just 2 trading sessions, there's no need to panic. This could present a good buying opportunity. If you're waiting for a more favorable entry, you can consider buying #SilverBees once #McxSilver hits the aforementioned support zones. Alternatively, doing an SIP in #SilverBees could also be a good strategy for long-term exposure.
Stay calm, stick to your strategy!
#Silver | #McxSilver | #SilverBees | #FlagPattern
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.