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Silver had a strong run up till 86k, after which profit booking was seen which brought it down till 83k.
Now, pull back of the first wave of profit booking seems complete, which gives another opportunity to take a short trade.
looking really bullish if it breaks out and sustain above 30 then we can see the targets shown in the chart and I can see it may touch all time high this time after 2011
Get Ready for Big Move in the Silver
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#Silver has given multi week consolidation breakout on MCX, there is high probability of it going toward that much awaited 6 digits mark very soon. The breakout also looks very health as it has consolidated well enough for quite some time near ATH resistance.
RSI has also broken out of a particular triangle pattern and indicating a RSI range shift, which...
Any one who interest to invest in silver ... This is the best time to buy silver as we can see that silver has give a big time breakout above the 26 dollar so its a clear sign that the buyer has come to flow upward price of the silver . . .
As you also know that the silver and gold is a good asset class . so wants to beat inflation with minimum risk can go...
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.
just like gold silver gap up on 20th march the price is fading its buying momentum and with that bias im looking for sell on rise setup
which i think 75300 could be the short entry and sl will be 75500 with the target of 74300 and second target of 73600
conclusion the target area are possible area to boost the buying liquidity again there will be exiting the trade
In global market silver is not very right position. So many retailer are entering into the commodity market .
Basically buy on dip for 1-2 years. Technical expectation price will be react 100 in next 3-5 years.
It's a good time to invest.
XAGUSD Which is showing a great opportunity XAGUSD is ready to breakout. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
if silver sustain above 70k or 70050 level for today's close = 1d candle
then it will news based just liquid sweep from rd number of 70k
the price will rush towards the upper liquidity lvl of 71250 and 72750
as of trade on long side keep stop loss of 70k or below and target mentioned i.e. 71250 and 72750
after the gap up of 29nov
there is price imbalance and buyer's liquidity is laying down under @ 68000 to 66000 zone
simple if you the candle from december month youll see reds are more dominat then green and green pullbacks came from previous value zone that were not tested are acting as order block triggering the buy order of buyers
BUT.....
there are two...
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
From 52000 to 72717 it's follow a trendline .
It respect 52 EMA very well. Also we can see a bullish engulfing candle was created in weekly chart . It's a good sign for bull run.
This year is the right time to invest in SILVER.
After breaking 78322 bull run start. Also global market perform very well .
Resistance 1: 72317
Resistance 2: 74136
Support 1:...
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line.
These levels act as support and resistance. You have to trade according to...
