Silver seems to have completed its 5 wave fall and should settle at this level or slightly lower before it moves up from the current levels. We are near the end of wave 4 at a primary degree and should move to new highs if it gets support at these levels
Again Same Markets heading to Congestion ZONE Excercise Caution !!! Gold performing better again than Silver
Currently it is incomplete converging triangle (abcde) and completed combined (wxy) correction. . .
Midterm forecast: While the price is above the support 25.65, resumption of uptrend is expected. We make sure when the resistance at 29.85 breaks. If the support at 25.65 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased. While...
Let the price come out of flag pattern for breakout. 238% levels in fibonacci are not available on Tradingview but silver is taking support from that level 25.6 USD. SL should be kept at 25.6 USD. Views are for educational purpose only
Price retesting the previous resistance levels, if closes above the immediate high then it will definitely reaches the next resistance level 35.
Look 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 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.
Midterm 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...
SILVER 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. 👍
IF CLOSED ABOVE 69000 WE CAN SEE ANOTHER UPSIDE TARGET 78 82K+++ FOR EDUCATIONAL PURPOSE ONLY