Silver looks to get needed support at trendline. And volume looks to be positive for heading to $30. Gold movement can help again. MCX- Trade Idea to take Silver Micro. and keep adding at lower levels till $25 is protected.
Gold Gold levels 1hr candle 21/08/2020
Here we can long gold , looking xabcd chart patter.
Looking for a short entry on break below 27.085 lvls on 15 min tf on closing basis.
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Seems that Upside is capped @ $1950 - $1960 range.... likely to trade Sideways to negative zone... Like ... Share.... Follow....
USOIL parallel pattern formation in 15 mins TF
SILVER TODAY POSSIBLE LEVEL BASED ON SWING TRADING METHOD.
Midterm forecast: 2.200 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 2.200 is broken. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would...
Bearish flag + 61% retracement + overbought MACD = good R:R for shorts
Sold at 3150 with stop loss 32100. Target is 2970 Disc : It's not an advise to buy or sell
MCX gold overall trend is upward. The position can be initiate at 52360 . It will keep moving upward after consecutive closing above to the control price. And we may see prices at 53000 - 53660 - 54000 - 54600+ levels. Don't forget to follow the control price (CP). If gold breakdown CP, it may fall for 51360 - 51000 - 50500 - 50000 levels. Watch out the...