Silver analysis and trade management discussed. Tell me in comments what you liked and didn't like in the video?
Midterm forecast: While the price is above the support of 23.75, a resumption of an uptrend is expected. We make sure when the resistance at 28.75 breaks. If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 48 is not broken, the probability of price...
SILVER FUTURES has $24.860 for support and $29.150 for resistance in August. The precious metal is still bullish if it can close above $29.15 by this month or September. Target $31.855 this year and $39 by April 2022.
silver most likely will drop after reaching the levels if we see more further upside i will update as of now looking at drop sooner or later ..just mark the calculated zones and trade
Silver 4hrs chart show Sign of reversal near to support levels.
Neutral for now. This post is for information purpose only.
Silver is forming 40 years long cup and handle which is looking very bullish and I think silver will perform very well in this decade
Multiple reasons to be bullish in Silver at this point of time: Simple technicals: 1. A pennant formation. 2. Positive reversal where RSI forming lower low while price making higher low suggesting a fresh high can be seen in the instrument. 3. Trading at lower end of the consolidation and higher highs and higher lows formations in smaller time frames. From...
Please let me know what you think on this chart ..... if key level breaks it's a good option for short
Midterm forecast: While the price is above the support of 23.75, a resumption of an uptrend is expected. We make sure when the resistance at 28.75 breaks. If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The symmetrical triangle is taking shape, and as a continuation pattern suggests, we...
It has been lacklustre since touching the high of $ 30 a year back. It traded in the 22-30 for a year. With a decisive break of the 200DMA on Friday at $25.7, it would have given sleepless weekend nights to the Silver Bulls. The GANN Fan lines and Speed resistance lines are also not signaling any smooth up-move in the near term.
Trading range bounded can break either direction have a watch on dollar index
SILVER FORMING A RANGE ON H4 TIME FRAME !!!
Silver right now in consolidation phase and at strong support zone important levels r marked on the chart . Right now we can buy for $29 and $32 in short term if price remain above 200 day EMA (Can be use as SL) . Expecting Pull back from the current level as we have already seen demand in past at current level .