Silver
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
********VIEW ONLY *********
Technical Analysis: 100-DMA stops gold from being next silverAlthough an ascending trend line from March keeps challenging gold sellers, 100-day SMA raise bars for the bull’s entry. Considering the improvement in RSI conditions and upbeat MACD, gold is likely to follow silver’s jump to the highest since August. However, a clear break above the 100-day SMA level near $1,880 becomes necessary for the bulls. It’s worth mentioning that the run-up to August high near $2,075 will have a descending trend line from the mid-September, around $1,955, as the key hurdle to cross.
If at all the yellow metal remains below $1,878 immediate resistance, odds of its downside break to the key support line, at $1,835 now, regain market attention. Should that happen, which has fewer back-ups, the November low of $1,764 will return to the charts. In doing so, the $1,800 threshold can play as an intermediate halt during the fall whereas June 2020 low near $1,670 may lure gold bears afterward.
💡Don't miss the great buy opportunity in SILVERMidterm forecast:
While the price is above the support 21.90, resumption of uptrend is expected.
We make sure when the resistance at 27.40 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 23.95 on 01/18/2021, so more gains maximum to Major Resistance (27.40) 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 62.
Trade Setup:
We opened 8 BUY trade(s) @ 24.93 based on 'Hammer' entry method at 2021.01.18.
Total Profit: 1584 point
Closed trade(s): 354 point Profit
Open trade(s): 1230 point Profit
Closed Profit:
TP1 @ 26.00 touched at 2021.01.21 with 107 point Profit.
TP2 @ 27.40 touched at 2021.01.29 with 247 point Profit.
107 + 247 = 354 point
Open Profit:
Profit for one trade is 26.98(current price) - 24.93(open price) = 205 point
6 trade(s) still open, therefore total profit for open trade(s) is 205 x 6 = 1230 point
Take Profits:
TP1 @ 26.00
TP2 @ 27.40
TP3 @ 28.45
TP4 @ 29.85
TP5 @ 31.25
TP6 @ 32.45
TP7 @ 33.45
TP8 Free
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Silver retaces biggest gains in eight weeks above key supportsWith the market spiral full of talks over Gamestop-led fund diversion to silver weighing on risks, the white metal trims the previous day’s gains on Friday. The commodity rose the most since early December on Thursday while extending its bounce off 100-day SMA beyond 21-day SMA. The upside move also gained support from bullish MACD and upbeat RSI. Also supporting the silver buyers is the quote’s ability to keep the SMA breakout. As a result, silver is well-directed towards a falling trend line from August, around $27.60 while the monthly near $27.90 and September 2020 peak surrounding $28.90 adds to the upside filters.
On the contrary, a 21-day SMA level of $25.85 offers nearby support to the bullion before dragging it to the $25.00 threshold. However, 100-day SMA near $24.80 and an ascending support line from November 30, at $24.70 now, will become tough nuts to crack for the silver bears afterward. Overall, silver consolidates the upside momentum but the bulls can stay hopeful.
SILVERSILVER:- GO LONG AT CMP 66200 for target 75000 with STOPLOSS 63500 DCB
#Disclaimer:-I just shared view for only educational purpose.
MCX SILVER- Forecasting The Future MoveHere's the daily chart of the MCX SILVER. It started to rise from the 18th of March 2020. But currently, it's moving downside. It's a short time fall. After the particular level, it will start to move upside again. It may fall up to the support. And from that point, there will be a reversal in the trend. Targets for the future upside movement of the trend are the following 66000 - 69600 .
But if it falls by crossing the support, then it will hit the 57900 . After hitting 57900, there will be a reversal in the trend. If the trend crosses the 57900 , then this level will react as the hurdle. The targets for the downside movement are the following 55930 - 55000 .
Gold - Strong chances of a pullback - 1826 is the stoploss.Gold has reversed from an important trendline. long on dips with 1826 Stop loss.
#SILVER # XAGUSD heading down in final leg of correctionSilver should head down to the earlier indicated zone . This should be the final Y wave to end the correction.
HINDUSTAN ZINC - Possible to close above 260 by Friday?HINDUSTAN ZINC - Possible to close above 260 by Friday?
Silver bouncing from the supportSilver bouncing from the support. One can take long positions now for a target of 27.7 , 29.85, 32.40, 35...
💡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 27.40 breaks.
If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 23.55 on 12/11/2020, so more gains maximum to Major Resistance (27.40) 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 62.
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Silver Spot Sets up another PeakCOMEX silver spot is moving sideways with the fluctuation on the 15m timeframe. It started with the descending peaks and after that made three ascending peaks. Then fall again and made a descending peak. Right now, making a descending peak again, and targets are followings $26.460 - $26.430 - $26.360 . It will make more descending peaks and fall up to $ 26.260 .
Buy MCX Silver Now - MA, EMA, & DMISilver has broken the dynamic resistance & triangle formation. According to MA, EMA, & DMI, silver will run to reach 68800 - 69000 levels.
It will start falling after breaking the hurdle/support line. How much? 68000 - 67600 below.
Silver future current month Long (Swing/Positional)Buy Above :- 67860,(Above resistance Area)
SL:- 66300 (Bellow Major support)
Targets : T1:- 68380,
T2:- 69460,
T3:- 71225...
Note:-
1. Please book your Targets near the points not at exact levels.
2. Stop loss should & must be there. Once the price level cross the T1 and sustain, you may trail your SL on entry price i.e.67860 to secure your trade.
3. Avoid making Large positions on LEAVERAGES. It is a dual bladed sword; May enhance your profit but can dig you to the great losses too.
Be alert & Happy Trading.
Educational Purpose Only
Intraday trading strategy for MCX SilverThis is MCX Silvermini 15 minutes chart. I have used here moving average, Fibonacci, DMI, and RSI.
Fib Levels: T 71496 and B 65664
Silver will try to touch 0.382 ( 67892 ) from here. It will act as resistance. Moreover, there is a 50 MA. If silver breaks both, it will fly from there and touch 68580 levels. Intraday traders can play between it.
But if it takes a U-turn from 50 MA and breaks the 20 EMA, be ready for the following targets: 67060 - 66600 .
#SILVER #XAGUSD may have peaked in Wave X todaySilver shotup today and had a volatile few mins with a wide range. This may have just completed the X Wave of the upward corrective from the late Sep Lows. X waves are generally sharp reactions. The upmove since the Sep lows is best counted as an X wave. Note the labels on the chart - nothing impulsive, overlapping and time consuming upmove. There is no impulsive structure, this strengthens the bearish case. Look for Y wave down to complete in the shaded area if today's top holds.
