Silver
SilverGold and Silver go the same way.
Expecting Retracement move or Even a push below the recent lows.
But let the momentum turn in your favour first
SILVER - For Commodity LoversTVC:SILVER
CMP - 17.018
Here, I have drawn the important lines.
Now trade their support, break and retest.
Have a specific strategy of position sizing and stop loss which suits your trading plan .
Personal suggestion - After entering on a signal candle, exit the trade when 2 more candles are formed, the close of it, that is, 2 days.
Note : This is the international price. Enter orders on MCX when you get a signal here.
Thanks.
Silver & Gold Go TogetherAs in Gold, expect an upward reaction from Silver when it reaches the Green Zone
SilverAs with Gold so is with Silver.
Still no visible Buying
Watch the Green Area for Critical Support
Silver Bulish?Silver Interestingly Poised ? Nicely Holding the Green Area ?
Bullish COT Report, Momentum Diverging on W, D & 240 min Charts.
With that in the background if the 4 Hour start closing above 16.250, the momentum can take it to 18.350.
Again 18.150 is Crucial area, if it is able to SOLIDLY sustain the up-move above 18.250-18.300 area, then medium term Silver is in bullish Trajectory.
Watch and Trade Bar by Bar.
Siver & Gold same way...Nothing much to say, as i had said everything in Analysing Gold.
same will be true for Silver
SILVER$ - Potential Reversal AreaSilver is possibly undergoing a fast three-wave correction that has retraced 50% of the previous cycle advance
$17.40-17.50 is potentially a strong support cluster and warrants a look for Long trades
