Silver breaking out on weekly and monthly charts after 5+ years of consolidation. Retest can be good entry point.. Don't book your profits just trail you SL. Continue to keep adding position.. Target open. Break of SL 21 week ema
18.95 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 18.95 is broken.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to...
FROM AUG 2014 TO JULY 2020 SILVER WAS TRADING IN LIMITED SQUARE NOW ITS BREAK BOX IN UPTREND WE ARE EXPECTING A LONG UPTREND IN XAGUSD SILVER
BUY BETWEEN 19 AND 20.30
SLP : 13.90
TP1 : 30.80
TP2 : 46.40
THIS IS LONG TERM VIEW OF XAGUSD TRADE WITH SMALL QUANTITY AND HOLD TIGHT
New trading suggestion:
* The price is in a range bound and we forecast the uptrend would resume.
* There is still a possibility of temporary retracement to suggested support line (16.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the...
Silver has decisively broken above the bullish flag pattern levels as highlighted on the chart and is now approaching major hurdle at $18.9. A break of this resistance, could push silver higher to its next resistance placed at $21. To be keenly watched!
Nifty - Technical Analysis:
Nifty had a gap-down opening on hourly charts and remained within a range throughout the day.
On the 15-minute chart, most candles had long upper and lower shadows indicating the presence of uncertainty in the markets.
9-period SMA closed above the 12-period SMA on 15-minute charts indicating the small positive bias in the...
Bank Nifty - Technical Analysis:
Bank Nifty had a gap down opening and continued downward, closing 3.5% down.
Bank Nifty breached the 22000 level before holding the 61.8% retracement level.
Market - Driving Factors:
Aditya Puri, Managing Director of HDFC Bank, sold over 95% of his stake in the company. Multiple other insiders sold their HDFC Bank...
In 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 ...
Silver looks to have reached the upper end of the current up move. A correction towards the market zone is the likely outcome. Overall, I see silver to touch 70000+ levels in the coming months. Now buying will be below 55000 keeping stop loss below 48000 for the target of 70000 +.
High risks trader can use another spike towards 62500-63000 to short silver...
. 18.95 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 18.95 is broken.
. While the RSI uptrend #1 is not broken, bullish wave in price would continue.
. A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to...
. While the price is above the support 16.50, resumption of uptrend is expected.
. We make sure when the resistance at 18.95 breaks.
. If the support at 16.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
. We will close our open trades, if the Midterm level 16.50 is broken.
. While the RSI...