Silver Weekly time Frame it has not broken the trend so my downside target would to 200 EMA
As 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,...
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...
i was little bias about short position in silvermic. i took this trade downside 1:3 risk to reward
Silver is in uptrend and budget helped price to continue it's trend
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.
69350-69450 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.
On 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...
Intraday Silver Long (13 Jan) W pattern RSI- 64 Buy at CMP- 68725 SL- 68300 Target- 69210, 69460 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
SILVER 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
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 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...
Read my comments on chart. Give it a couple of weeks to develop
gold 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
good support 62,000 64,000 66,000 good resistance 70,000 72,000
silver Ready for major move above 72k, pattern are developing
Silver is looking very bullish on the weekly time frame charts. If it breaks the trendline with volume, path will be open up for newer highs. target would be around 75000. SL is around weekly low and should be as per risk appetite.