Silver
Silver #XAGUSD #Elliotwave short term #15minchartLook to get in on the dip in C wave in the next couple of hours before the upward resolution out of the triangle resumes to the upside
look for the long term view in the previous tweet
Silver #XAGUSD should break out of the triangle to the upsideSilver #XAGUSD should break out of the triangle to the upside in the next day or two.
Risk level will be 26.82
A separate short term view will be published following this - watch out for it.
SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
. While the price is below the resistance 29.85, beginning of downtrend is expected.
. We make sure when the support at 19.65 breaks.
. If the resistance at 29.85 is broken, the short-term forecast -beginning of downtrend- will be invalid.
T echnical analysis:
. The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
. While the RSI support #2 at 45 is not broken, the probability of price decrease would be too low.
. A trough is formed in daily chart at 26.00 on 08/21/2020, so more gains to resistance(s) 28.35 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 60.
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SILVER COMEX TRENDSILVER COMEX is on the verge of Breakout of Range, Today if SILVER COMEX Sustains above 27.30$ we can see upward swing in Silver in the next few trading session. Keep a close Eye on SILVER COMEX for the Trading opportunity. 👍
SILVER IF CLOSED ABOVE 69000 WE CAN SEE ANOTHER UPSIDE TARGET 78 82K+++
FOR EDUCATIONAL PURPOSE ONLY
SILVER(MCX-Sep) levels for 20-Aug-20(Intraday)Buy above 68300 for 68600,69100,70000
Sell below 67900 for 67600,67100,66100
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
Silver poised for Rally 2.0Silver looks to get needed support at trendline. And volume looks to be positive for heading to $30. Gold movement can help again.
MCX- Trade Idea to take Silver Micro. and keep adding at lower levels till $25 is protected.
XAGUSD: Silver inside a 15min RangeLooking for a short entry on break below 27.085 lvls on 15 min tf on closing basis.
Silver Breakout Not Confirmed YetA consecutive breakdown below to 23.60% means 38.20% ( 64K - 62K ) will come soon.
Otherwise, it will keep moving forward for 72K - 73K+ .
SILVER Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 29.85, beginning of downtrend is expected.
We make sure when the support at 19.65 breaks.
If the resistance at 29.85 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
While the RSI support #2 at 45 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 23.39 on 08/11/2020, so more gains to resistance(s) 27.00, 28.35 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 59.
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
Silver ChartSilver breaking out on weekly and monthly charts after 5+ years of consolidation. Retest can be good entry point.. Don't book your profits just trail you SL. Continue to keep adding position.. Target open. Break of SL 21 week ema
Silver MCX falling| Will it fill the Gap? MCX Silver had a steep fall on 11 Aug 2020.
There are two gaps at 57k and 54k .
Fib retracements show them amidst possible entry level.
Silver1! Long EntrySilver a good long term bet if it manages to cross the 74865 levels then
T1 - 75380
T2 - 76200
with SL - 74500
silvermicro 10 aug 2020this chart showing that silver may open gap up and may go till its all time high one more time RRR is in chart
Nifty Outlook for Monday, 10th August | 50x InvestmentsNifty - Technical Analysis:
Nifty had a gap-down opening on hourly charts and remained within a range throughout the day.
On the 15-minute chart, most candles had long upper and lower shadows indicating the presence of uncertainty in the markets.
9-period SMA closed above the 12-period SMA on 15-minute charts indicating the small positive bias in the markets.
Market - Driving Factors:
Vodafone Idea declared their Q1 results and it was once again a poor show in absolute terms. The stock still ended over 7% up because the results were better than street estimates. Lupin too had a poor Q1 and the stock ended over 6% lower.
Nifty IT and Pharma indices ended lower today probably because of a strengthening rupee. The Nifty PSU Bank index broke its poor recent run and ended almost 1% in the green.
Silver continued its stellar rally and is 2% up as of 5:18pm.
Nifty - Outlook for Monday, 10th August:
A break out from the 11000-11300 range could give some certainty to the direction of markets.
Such a breakout would at least lead to a measured move if not a deeper trend change for the long term.
A weekend break might just help markets get a direction and shift sentiment to one side. So, one should avoid any huge directional bets early on Monday till a direction emerges.
