Silver
flag pattern with reverse RSIqueries are welcomed.
feel free to message.
desclaimer : only for educational purpose.
on watch list for entry triangle formation
eyes on break above 67600
can open space for new buy side
on radar
disclaimer - trade @ own risk
1670-1690 is a strong buy zoneWhy am I so confident of 1670-90 zone..,
the same zone gave support 5 times earlier and it is the 6th visit to same zone..,
It is the zone from where 400 dollar or 25 percent upside rally started..,
And it is the zone of inverted head and shoulder breakout,,
Expected Road map - 1680-1758 - 1698 - 1815- 1768 - 1868 (channel top)
Buy the dips and keep accumulating..,
Stop on closure below 1670.., Below 1670.., 1530-60 zone possible..,
SilverIf 25$ is sustain we can go up. In other case we will touch 22$ and then bounce back. Time will tell.
Silver eyes yearly bottom on breaking key support confluenceSilver finally follows gold while breaking short-term support confluence near $26.30, which in turn drags it towards late January lows. Although oversold RSI on four-hour (4H) chart probes the metal sellers, a sustained break of the key support, coupled with the bearish MACD suggests further downside of the commodity prices. As a result, the $25.50 and the $25.00 may offer intermediate halts during the quote’s south-run targeting the yearly low of $24.13.
If at all the bullion regains above the previous support near $26.30, it needs to clear a downward sloping trend line from Thursday to reject the bearish hopes. Also acting as upside filters are the $27.00 round-figure and February top surrounding $28.30. Overall, silver is up for grabs should the sellers welcome the latest support break.
SILVER CHANNEL BREAKDOWNSILVER CHANNEL BREAKDOWN
If further slip, nearest support will be
around 67700-66501 in short term,
resistance around 71400-72100.
...
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Updated on : 27-FEB-2021 12.50 pm
Disclaimer: Only for learning purposes.
Hey $SILVER - What's next - Let me Guess !! #XAGUSDWhat does SILVER's recent history tell us ? No surprises I guess !!
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 21.90, resumption of uptrend is expected.
We make sure when the resistance at 29.85 breaks.
If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 25.88 on 02/04/2021, so more gains to resistance(s) 27.40, 28.45 and maximum to Major Resistance (29.85) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 57.
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possible move on ethpossible target 2130 levels, then a slide consolidation this bull run can bring eth to 15800 to 19000 levels
Go longA biased gold lovers analysis.., Last two moves from 50 week moving average resulted in 21 percent and 42 percent returns.., can we expect 84 percent returns from here this time.., taking it to 3200 usd..,
I am strongly long.., share your views
SILVER POSITIONAL LONGPOSITIONAL LONG WITH CONFORMATION
CLOSING ABOVE (DAILY BASIS)
68686 GO FOR POSITIONAL LONG WITH SL OF 66604
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