Gold bullish mode Gold revert from our target-1 level 1620 spot levels.
It seems in good momentum, so it may test 51350 and 51750 soon on upper side.
can long near 50930 with stop loss 50250
Silver
#GOLD $XAUUSD primed to shoot upGOLD and SILVER have been in a downtrend after a surge in Mar of this year which was a reaction to the Ukraine invasion. A lot of "GOLD is a safe haven " traders may have entered in post the invasion and have been stuck for over 6 months as the metal moved down over 21%. Of course the continuous downmove since then may have forced a lot of exits.
We can now see that GOLD is trying to break upwards of the downward sloping trendline. A divergence on the MACD can also be noted.
If GOLD can sustain above the trendline , then we look to catch a sharp upmove reversing the pent-up buying pressure.
Keep stops below recent lows and stay long above the 1650 levels. SILVER should shadow the upmove if this resolves upwards
Gold chart Analysis.Gold is showing positive divergence on chart. so, it may bounce from here up to 1717-1727 level.
It is also trading in downward parallel channel so correction also come from 1717-27 up to 1621,1560
Silver Short (07 Nov)Carry forward
Silver Short (07 Nov)
RSI- 70
RSI divergence
Sell at CMP- 60890
SL- 61275
Target- 60160, 59700
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Silver long (02 Nov)Silver long (02 Nov)
RSI- 69
Buy at CMP- 59175 or at 59000
SL- 58750
Target- 59700, 60250
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Silver long (31 Oct)Silver long (31 Oct)
RSI- 52
Buy at CMP- 57560
SL- 57250
Target- 57850, 58000
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Silver Intraday Range 21st OctoberIf silver gives breakout above the range we will buy , if it gives breakout below the range we will sell.
DXY CONSOLIDATION PATTERNDollar index is consolidating in the big time frame We are still for the news to get the breakout or the breakdown the further movement in different currency pairs , commodities , equity will be directly depend on it and break on either side will give a start to new bearish cycle or the bullish cycle for dollar index.
As per my view we will be going higher towards 120-128 levels in short term .
Silver Intraday Range 20th October
If silver gives breakout above the range we will buy , if it gives breakout below the range we will sell.
Silver future can bounce from here ?Silver future is near support level 56800-56600. As chart shows. It may give bounce from here 1000-1500 points
SILVER #Watchlist
#SILVER (M):-CMP 59240 looking good for 65000,70000++, Only above 60000 Weekly Closing.
#Disclaimer:-View shared is for educational purposes only.
Natural Gas is taking support of Upward trendline. Natural Gas is taking support of Upward trendline. It may give bounce from here 50-100 points. It can also add more if come 506-516
Silver Important Buy and Sell Levels
Crude Buying and Selling Levels Marked. Plane Trade When it Forms Price Action at marked Levels. Some Examples are shown already in charts.
silver microsilver micro in swing zone with a failed breakout attempt. once there is a breakout/breakdown we will have momentum on our side and will trade accordingly
silver micro bearish outlook
hourly- strong sell (target- 56730/56045/55675)
daily/weekly- sell(swing short)
bullish outlook
immediate resistance/targets -58650/59550/60880
as per current market trend prices should test the lows
Gold + Silver + PlatinumPrecious metal has selling pressure and may continue to move bearish until mean price is not met.
This is going to be interested in comparison to equity.
Silver Trading Plan - 23/Sep/2022Hello Traders,
Hope you all are doing good!!
I expect SILVER to go UP after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Silver ( XAGUSD )My idea to trade silver as sell on rallies As the fundamental on Silver is not improving economic activities are slow . A very important to be taken note of Silver is a industrial utility the demand and supply need to focus on and this has a major impact on the fundamentals of silver . Till the time we are seeing EUR going down and rates keep on increasing this will not make this improving in near future .Ema will be acting as a resistance and if we break above ema then we can see some changes in the trend till the time we are in down trend and will be continued .
Silver price change #silver trading for Intraday on Silver as per price action as silver consolidated near 57000 to 56600 on thurday level. So these levels will act as the support and resistance again and here its forming the consolidation pattern.
another major trendline coming up from the high of 13 septemberso for the buyer once that trendline breaks will give the breakout. and downside breakout is possible when the level of 56600 got breakout....
Silver can go long almost 9%.As per above Chart analysis possibility of ending wave 4 which was complex wave WXY, now it can continue it's uptrend in wave 5 which can extend till 0.786 fibo ratio.
🥈 #Silver possible move MCX:SILVER1!
set up says silver is bullish but we can see some resistances also, trade with small targets or trade with trailing stop loss.
📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments.
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**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
Silver can go short in this supply area
Silver can go short in this supply area . Planning short trades will be better.
SILVER VIEW silver is sell on rise as there is no change in the fundamentals yet so break above the given resistance line is not seen in near future so we continue to drop in the downward channel also it depends on the behaviour of dollar index and cpi data of usa so upcoming Data can be used as a trigger for change in the fundamentals and can help silver to get above the resistance and shine again Till the time we are experiencing low industrial demand.
