silver buy on dips looks with sl 61697 dedcat bouncesilver buy on dips looks with sl 61697 dedcat bounce 61780-62300 near expect
Silver
silver hit 61000 lamost copper 742 almost pls chksilver hit 61000 almost copper 742 almost pls chk last week or 2 week ago told here silver slel or relaxxx soo 61000 or 19.70$ see almost hit now ready for nxt move
Silver possible Elliot wave counts (Now down and then Up)Silver is now ready to dip down and to unfold wave 5 of (C)
and as per equality, Target of (C) equal to (A) is pegged at 19.963 and 1.618 is pegged at $ 18.350,
which can be stop loss for fresh long positions to be made below $ 20.
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Disclaimer.
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Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Head and Shoulders top in SilverSilver (XAGUSD) has formed a head and shoulders type rounding top on the 4h time frame. The price is still at the supply line. A breakdown below this line would be bearish for the commodity with measured move target of 21.75.
Price action at 23.15 to 23.50 zone is critical and would decide the next course of action.
SILVER CHART ANALYSIS 12/02/2023SILVER market is in bearish trend
and it taken out inducement and 1st order block is owrking and it give somereaction but if market goes higher high and tap on ENG LQD and sweep it then shift to 1 min time frame for confirmation and take entry.
if market close above ENG LQD then wait for tap on extrrem OB then check confirmation at lower time frame and take entry and target is market low at 15 min structure
Sliver short SellSilver Weekly time Frame it has not broken the trend so my downside target would to 200 EMA
BIG UPSIDE RALLY CAN POSSIBLE IN SILVER UPTO $29 - $33 IN MARCHAs per Elliott Wave Analysis , Big upside rally can possible in SILVER . On daily timeframe, waves 1,2,3 & 4 are completed. Wave 2 retraced more than 61.8% of wave 1 & shows Irregular Correction. Wave 4 retraced 38.2% of Wave 3 & shows Complex Correction ( Triple Zigzag Correction). Wave 3 is extended wave. Now, regular targets of 5th wave shall be $25.16, $25.95 & $27 . But, 5th wave having potential to make overall structure of "Double Extension Impulse Pattern ". If 5th wave makes overall structure of "Double Extension Impulse pattern" then the targets shall be very high upto $29.47 or $33 & these targets should come till March month end . This might sounds irrational at this time but it can happen according to Elliott Wave Analysis .
SilverIt has given fake breakout in daily chart and now coming back in channel. The trendline has been attempted fourth time. Now if it sustains near 61500-62000 level and bounce back from there then we can see very good rally in silver.
Silver lost 2700 Rupee from top Silver prices corrected after prices rallied on the news that India raised total taxes on silver imports 15% and on silver dore to 14.35%, the government said in a statement on Wednesday, in an effort to align the duty structure of the metal with gold. - The euro dipped against the dollar on Thursday after the European Central Bank (ECB) hiked interest rates by a widely expected 50 basis points and offered no new hawkish surprises, while the Bank of England (BofE) adopted a more dovish tone on inflation.
SILVER MIC Short positioni was little bias about short position in silvermic. i took this trade downside 1:3 risk to reward
Silver mini pole and flag patternSilver is in uptrend and budget helped price to continue it's trend
SIlver Future may correct soon.SIlver future chart showing trendline resistance at 69000. It can short here or on any rise and wait for target 68000 ,67330 and 64000 soon.
major fall will come when it close below 68000.
SILVER MIC IN CRITICAL POSITION69350-69450 Critical resistance level.
IF Silvermic respect that level it will fall to 67400 for now and will face correction.
And if it sustains above 69500, It will make a swing high of 73000.
Silver UP move after completing 3 Waves CorrectionOn Weekly Basis:
Silver completed its correction from USD 12 to 29 in its Grand Wave. There is a support at 23.35 and 22.15 on weekly charts. Grand Correction Wave A, B and C is over in Silver which started in August 2021. B Wave got over in Feb'22 and C Wave got over in August,22. One can be cautiously optimistic and it provides a good choice to buy at 23 or current level with a target of 34 which becomes a strong buy from long term point of view. There is a golden cross over at 200 DMA, happened in December'22. It has come out of oversold position to neutral zone. RSI was deeply oversold in July'22 before showing the signs of bottoming out in October'22. Now it has broken the downward trendline and correcting sideways at 23.50 to 24.50 levels.
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Above prediction should not be taken as financial advise, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purpose only.
Silver Long (13 Jan)Intraday
Silver Long (13 Jan)
W pattern
RSI- 64
Buy at CMP- 68725
SL- 68300
Target- 69210, 69460
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SILVER BUY trade SignalSILVER BUY trade Signal
SILVER has broken the Resistance trendline and closed above waiting to retrace the support area if the market retest the support area then it will be a good opportunity for a long with very good risk-reward
Always trade with Stop Loss
Monday market GOLD , SILVER , EURUSD We are seeing good sell with gold as dollar needs retracement of down fall which came on Friday night NFP , If gold breks 1865 beware !
Gold Elliott Wave CountsGold had made triple bottom around 1620 & has made a leading Diagonal in Wave ((1)) of new Impulse so a break down from this leading pattern could result a pullback in Wave ((2)) & in same time DXY should rise in Wave B the larger trend for Gold for this year should remain bullish until we breach 1620 a commodity boom in second half 2023 can push prices to new all time highs.
GOLDgold can provide easy money in the coming week
KEY HIGHLIGHTS
gold is testing the upper-level multiple times and creating higher highs inside the range
wait for the breakout and retest of the area of value and take a trade in the direction of trend
