silver broke important support can see more down fall be cautious
Silver is now ready to dip down and to unfold wave 5 of (C) and as per equality, Target of (C) equal to (A) is pegged at 19.963 and 1.618 is pegged at $ 18.350, which can be stop loss for fresh long positions to be made below $ 20. Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor...
If you are following CFTC COT report for commodity you already knows that the CFTC is not sharing the COT report timely from last 5 Weeks , I tried to analyze the Last three week COT report on GOLD published by CFTC. On 24/1/2023 the COT showing bullish sentiments as they adding in Longs and Covering there Short and we have seen sideways (You can see the Green...
Gold braces for the first weekly gain in five but stays within the key moving average envelope as traders eye Fed Chair Jerome Powell’s testimony and the US NFP data, up for release in the next week. It’s worth noting, however, that the bears appear to run out of steam, per the RSI and MACD conditions. As a result, a clear upside break of the 50-Exponential Moving...
Hind Copper needs Weekly close above 111 to gain Momentum which could take it back to its high of around 190+ keep a eye on Copper it should not breach 3.9 Levels in Comex now.
After strong NFP gold market made strong sell side reversal
NSE:CNXMETAL Metal stocks are bottoming out in wave 2 correction. Shall be heading in wave 3 higher. Bought couple of them today.
Silver (XAGUSD) has formed a head and shoulders type rounding top on the 4h time frame. The price is still at the supply line. A breakdown below this line would be bearish for the commodity with measured move target of 21.75. Price action at 23.15 to 23.50 zone is critical and would decide the next course of action.
Gold extends the early February fall towards two-month-old horizontal support near $1,825-23, despite posting the indecisive closing in the last week. The bearish bias also gains strength from the clear downside break of an ascending trend line from early November and the 50-DMA, as well as the bearish MACD signals. However, the nearly oversold RSI (14) hints at...
Key highlights: - Possible selling climax at previous ATH. - ATH acting as a resistance. - Buyers seem to be exhausted. - Monthly demand zone 50-52k. - May head towards the demand zone in the next 2 quarters. Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning....
SILVER market is in bearish trend and it taken out inducement and 1st order block is owrking and it give somereaction but if market goes higher high and tap on ENG LQD and sweep it then shift to 1 min time frame for confirmation and take entry. if market close above ENG LQD then wait for tap on extrrem OB then check confirmation at lower time frame and take entry...
Silver Weekly time Frame it has not broken the trend so my downside target would to 200 EMA
My overall view is still Bullish on gold Xau , but until that CPI report confirms softer inflation gold is going to hover into this downward consolidation which the institutions gonna pick up liquidity from as well as retail traders , we did stupendous profit this week next week we'll arrive with more precise ideas and profits happy weekend everyone!
Gold bears remain unconvinced as they retreat from the key support, despite pulling back the metal from a multi-month high the last month. While the downbeat RSI conditions challenge the latest bearish momentum, MACD seems to help XAUUSD sellers as they try to break the 11-week-old support line near $1,860. It should be observed that the 50-DMA level surrounding...
Hii This is my analysis on gold first i used green monthly trend line if it breaks market will go down . if comes toward the mean of the line or say pullback in uptrend is consider . and price touches red color resistance zone almost 6 times . if it breaks and retrace is consider as perfect breakout . so wait for breakout . and i use Hikanashi to show...
BULLISH TREND higher chance can be excepted, after sideway market. if 100 moving average and Fibonacci level breaks, better stay away from BULL side.
As per Elliott Wave Analysis , Big upside rally can possible in SILVER . On daily timeframe, waves 1,2,3 & 4 are completed. Wave 2 retraced more than 61.8% of wave 1 & shows Irregular Correction. Wave 4 retraced 38.2% of Wave 3 & shows Complex Correction ( Triple Zigzag Correction). Wave 3 is extended wave. Now, regular targets of 5th wave shall be $25.16,...