Silver has been in wide sideways range since past 3 year. Any retracement from here towards the horizontal zone lines could be final retracement before taking out the upper edge of the rectangle and give clear breakout. Next 2 year may be good be bulls.
Silver is currently trading in a Mid Range
- On a 4HTF Silver looks bullish
- I will look to scout for longs more here cause I believe a leap can be seen easily
TVC:DXY Finally confirms it's Bearish Reversal
By Breaking down the prolong Uptrend. Now we can expect long term downtrend in DOLLAR to Resume.
It's Highly Bullish for Stocks, Commodities, Precious Metals, Paired Currencies and Cryptocurrencies.
silver is sell on rise as there is no change in the fundamentals yet so break above the given resistance line is not seen in near future so we continue to drop in the downward channel also it depends on the behaviour of dollar index and cpi data of usa so upcoming Data can be used as a trigger for change in the fundamentals and can help silver to get above the...
TVC:GOLD
GOLD is making a classic entry for a good upside
I have drawn the whole perspective I think is the best possibility right now
I am buying gold with the SL of breaking the trendline drawn on the bottom which I think it will retest once
plz trade according to your knowledge and understanding, don't follow anyone blindly
As updated in the charts we still expect a little upside movement in silver for completing its 4th leg before moving towards its final showdown or the last leg (wave 5).
It’s not the right time to trade anyways in silver . We still wait for a perfect entry .
Thank you so much .
On Friday, silver prices closed at the lowest levels last seen during early February while portraying a seven-day downtrend. Not only that, but the bright metal also ended up breaking the key support line stretched from mid-December 2021. The south-run, hence, gets validation to challenge a four-month-old horizontal area surrounding $21.90. However, oversold RSI...
Due to the uncertainty in the stock market, Gold and Silver raised to a greater extent.
If you are looking for shorting opportunity, then we have to wait for perfect time in which the market reverses.
This chart will gives you support and resistance for both long and short term.
Disclaimer :
Analysis are purely for educational purpose. Do not take any...
One can see in the charts that all levels on daily and weekly timeframes are tested. The white trend line keeps on adjusting as we go while blue is intact, signs of distribution.
once it comes to confluence zone(intersection of 2 trend lines) , perfect short opportunity.
It is a positional trade so we have to be patient.
Targets
Passive- 56000
Aggressive - 51500
Although an ascending trend line from March keeps challenging gold sellers, 100-day SMA raise bars for the bull’s entry. Considering the improvement in RSI conditions and upbeat MACD, gold is likely to follow silver’s jump to the highest since August. However, a clear break above the 100-day SMA level near $1,880 becomes necessary for the bulls. It’s worth...
With the market spiral full of talks over Gamestop-led fund diversion to silver weighing on risks, the white metal trims the previous day’s gains on Friday. The commodity rose the most since early December on Thursday while extending its bounce off 100-day SMA beyond 21-day SMA. The upside move also gained support from bullish MACD and upbeat RSI. Also supporting...
Currently Silver is within consolidation on Hourly Chart. It has taken support multiple times in the range of 15.450 to 15.550 which is very akin to 0.382 Fibo Retracement from the previous swing low. Till the time its holding onto that support, the chances of breakout above resistance zone increases and we might get a good long entry.
