SilverMini MCX Buy above 42965 for target 44500.Silver has given a pattern breakout today, buy the dips for a target of 44500/- keep Rs. 300 stop loss.
Silver
SILVER - KEY LEVELS Hi, today we are going to talk about SILVER and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.
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Price consolidating at key areaPrice consolidating in the key area. looking relevant Price Action Bar to jump into trade. I am more preferring the short.
Let's see....
Silver : Make or Break Level 13.5Price of silver had an upside breakout but failed to reach it's target 26.00
Coming of price aging in triangle pattern is very risky for long position.
A very grim situation may arise in silver if it breaks down 13.5 level.
Exxxxxxxxit all long below this.
SilverWill $13-14 act as buying zone ? Will silver rise when global economic predictions are for recession ?
Silver might go to 75000!!!!!Here is a long term analysis of silver, it might be ready to fly to a target of 42 dollers in the coming months, it is in the bulg of explosion.
silver - 18.442 should hold for the bulls. 18.442 lies on a trendline that has supported XAGUSD multiple times, since Feb 17-18.
A break below this level can initiate selling or correction in overbought markets.
Targets on the downside can be, 18.41 - 18.31 - 18.22 - 18.19.
18.56 can be used as S.Loss for short positions.
Momentum is strong sofar, 18.41 or corresponding level can be used as a stop for long side positions too.
Don't miss the great buy opportunity in XAGUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (17.87). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. SILVER/U.S. DOLLAR is in a range bound and the resumption of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 18.33
TP2= @ 18.73
TP3= @ 19.65
SL= Break below S2
Silver / XAGUSD - TrendLine Breakout Silver and gold have been running in positive territory for past one week, it gave a trendline breakout some time back.
Uptrend can be expected as long as Coronavirus worries are impacting markets.
Silver fall coming soonSilver rallies look like fake and could fall steeply if it fails to rise above $18.5 in near short term. This is the same time some videos were published by Robert Kiyosaki on May 22nd, 2019 where he believes silver will go up. There are many other people propagating the same ideas trying to boost up silver which actually happened but failed to go past $18.5 or sustain above $18.1 many times in the last 7 months. I see a serious fall if it fails to rise above the $18.5 levels with people holding it liquidating positions soon. See the video on youtube search for Why Robert Kiyosaki buys Gold and Silver -Robert Kiyosaki and see the date of posting.
India VIXAlmost every year India VIX tends to test the lower end of its range and reverses sharply in JAN. A trigger for this usually is the Annual Budget (Vix rising as a lead up to the event). It appears that the same scenario might be repeated in 2020. However, this time we have a global trigger as well which could fuel the rise in VIX (as and when it happens) Gold & Silver breakout and USD/INR which is very close to a breakout above 70.40 (in this case it should be noted that US$ is so far fairly muted against major currencies).
We could initially see the Standard Deviation variation between Equity > Commodities / Currency expand. As a result, firstly the range will get broader, secondly price movement/reaction will be faster. Hence, option writing as Jan series gets into momentum might not be a safe hedge as it has appeared in NOV-DEC. Positional traders might get caught on the wrong side time and again as Swing traders are going to love the series
SILVERMonthly chart is in Tiger Shroff mode "Abhi to maine start kiya hai!" Sustaining above $19.40 will explode for $23-25. Else will consolidate between $ 19-17 for sometime before resuming this uptrend.
Don't miss the great buy opportunity in XAGUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (17.45). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAGUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 18.17
TP2= @ 18.70
TP3= @ 19.63
SL= Break below S2
Gold - is poised for a move in either direction.Important news is out, Gold has been consolidating in a narrow range for some time.
Forming a triangular pattern on daily charts with RSI turning positive.
I believe, traders can trade in the direction of breach of this triangle, sound chances of relaiming 1500+ USD, if it exceeds 1484.
