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Silver

SILVER SHORT AS WELL AS LONG OPPORTUNITY TILL DECEMBER END ..We have seen the downtrend in silver form June to September . In the month of October we saw a clear break out from the downward sloping trendline (T). Now ,the price may again come for the retest. So We have short entry for now in silver mini till point "D" (WHICH IS ALSO A 400 D EMA LINE RED) We can aim from POINT "A" TO "B" FIRST and then POINT "C" TO "D" again , OR may take a short entry at "A" and close the trade at point "D" ENTRY LEVELS CAN BE AT 64700 (Short entry) TARGET CAN BE 63400 THEN 62600 STOP LOSS CAN BE PLACED AT 65700 ZONE YOU HAVE TO GIVE ATLEAST 2O 25 TRADING SESSIONS FOR THIS ONCE THE PRICE REACHES TO POINT D WE MAY SEE THE CONSOLIDATION,OR PRICE MAY EVEN FALL BELOW D WE HAVE TO DO NOTHING IN TAHT ZONE BUT WAIT FOE THE BULLISH ENTRY FOR A PRETTY GOOD TARGET UPWARDS . I will post the bullish trade later. Thank you . Do ask if you have any query join our free trading community .DM for the link Above analysis is just for education purpose , i am not a sebi register advisor , please consult your financial advisor before taking any financial decisions .
MCX:SILVERM1!Short
by PINANK_SHAH
Technical Analysis: Silver stays en route $23.00Although oversold RSI joined 50% Fibonacci retracement (Fibo.) of September-November upside to challenge the silver bears during the early week, a sustained trading below the 200-SMA and a two-month-old support line hints at the commodity’s weakness. The failure to cross the previous support convergence, now resistance around $24.00, joins bearish MACD signals to direct the bright metal towards a seven-week-old horizontal area surrounding $23.00. However, any further downside will make the quote vulnerable to mark a plunge towards 78.6% Fibo. level near $22.20. On the contrary, a clear run-up beyond the support-turned-resistance near $24.00 should fuel the bids targeting a confluence of October 25-26 swing high and November 19 swing low close to $24.60. During the silver bull’s dominance past $24.60, the $25.00 threshold may act as an intermediate halt before challenging the monthly peak, also the highest since August, surrounding $25.40. To sum up, silver buyers have a long way to retake controls.
OANDA:XAGUSDShort
by MTradingGlobal