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Commoditysilvertips

Intraday trading strategy for MCX SilverThis is MCX Silvermini 15 minutes chart. I have used here moving average, Fibonacci, DMI, and RSI. Fib Levels: T 71496 and B 65664 Silver will try to touch 0.382 ( 67892 ) from here. It will act as resistance. Moreover, there is a 50 MA. If silver breaks both, it will fly from there and touch 68580 levels. Intraday traders can play between it. But if it takes a U-turn from 50 MA and breaks the 20 EMA, be ready for the following targets: 67060 - 66600 .
MCX:SILVERM1!
by freestocktips
1
Silver Follow Up & Future Predictions For 2020 & 2021 – Part IHere I have used Gann fan and Fibonacci on Silver sport to identify the current trend. Fib Retracement: Top: $29.90 Bottom: $11.64 If silver remains above the 78.6% level, the target will be $27 - $27.8 . And if it goes inside 8/1 or remains below 78.6% level, we will see the silver price at 0.618 value of fib retracement. The day traders can use the following levels as targets: $ 25 - $24 - $23 . According to DMI, ADX is less than 25 but turning up. And +DI is signaling an upside rally. Technically, silver is a further advance. For advance traders, watch significant releases or events that may affect the movement of gold, silver & crude oil. Monday, Dec 21, 2020: 12:00 - Gold Index Wednesday, Dec 23, 2020: 3:00 - API Weekly Crude Oil Stock 21:00 - Crude Oil Inventories, EIA Refinery Crude Runs (WoW), Crude Oil Imports, and Cushing Crude Oil Inventories 21:30: Natural Gas Storage
COMEX:SI1!
by freestocktips
2
MCX Silver's Next Target 65200 by the Elliott WaveHere, I have applied Elliott wave , moving average , volume , and MACD . Wave 4 can be steady or sideways for a while. Overall, silver is in an uptrend. Safe investors can buy silver at wave 4 for the following levels: Intraday Targets: 62100 - 63300 Positional Targets: 64260 - 65200 At present, moving average and MACD throwing upward signal by crossover. Technically, multiple volume spikes are a great sign of a bullish trend.
MCX:SILVER1!Long
by freestocktips
6
MCX Silver Complex Big PictureIn the last trading session, silver has gained +361 points. As we updated in previous newsletters, silver is flying with gold. Silver wings may cutoff after breaking out 60,000 levels and may fall till a hit of control price line. Hence, this breakout will lead the prices 59,000 to 58,000 . Don’t forget to keep your eyes peeled at 5 MA (orange). Currently silver is running above 61K. As per this 4-hourly chart, we can expect continuous uptrend for the levels of 62,000 – 63,360 – 65,000+ . It could keep pushing upward until a crossover of 5 MA and 2 0 MA (blue). Further information I will update shortly.
MCX:SILVER1!
by freestocktips
3