Silver Intraday Range 21st OctoberIf silver gives breakout above the range we will buy , if it gives breakout below the range we will sell.
Silver
DXY CONSOLIDATION PATTERNDollar index is consolidating in the big time frame We are still for the news to get the breakout or the breakdown the further movement in different currency pairs , commodities , equity will be directly depend on it and break on either side will give a start to new bearish cycle or the bullish cycle for dollar index.
As per my view we will be going higher towards 120-128 levels in short term .
Silver Intraday Range 20th October
If silver gives breakout above the range we will buy , if it gives breakout below the range we will sell.
Silver future can bounce from here ?Silver future is near support level 56800-56600. As chart shows. It may give bounce from here 1000-1500 points
SILVER #Watchlist
#SILVER (M):-CMP 59240 looking good for 65000,70000++, Only above 60000 Weekly Closing.
#Disclaimer:-View shared is for educational purposes only.
Natural Gas is taking support of Upward trendline. Natural Gas is taking support of Upward trendline. It may give bounce from here 50-100 points. It can also add more if come 506-516
Silver Important Buy and Sell Levels
Crude Buying and Selling Levels Marked. Plane Trade When it Forms Price Action at marked Levels. Some Examples are shown already in charts.
silver microsilver micro in swing zone with a failed breakout attempt. once there is a breakout/breakdown we will have momentum on our side and will trade accordingly
silver micro bearish outlook
hourly- strong sell (target- 56730/56045/55675)
daily/weekly- sell(swing short)
bullish outlook
immediate resistance/targets -58650/59550/60880
as per current market trend prices should test the lows
Gold + Silver + PlatinumPrecious metal has selling pressure and may continue to move bearish until mean price is not met.
This is going to be interested in comparison to equity.
Silver Trading Plan - 23/Sep/2022Hello Traders,
Hope you all are doing good!!
I expect SILVER to go UP after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Silver ( XAGUSD )My idea to trade silver as sell on rallies As the fundamental on Silver is not improving economic activities are slow . A very important to be taken note of Silver is a industrial utility the demand and supply need to focus on and this has a major impact on the fundamentals of silver . Till the time we are seeing EUR going down and rates keep on increasing this will not make this improving in near future .Ema will be acting as a resistance and if we break above ema then we can see some changes in the trend till the time we are in down trend and will be continued .
Silver price change #silver trading for Intraday on Silver as per price action as silver consolidated near 57000 to 56600 on thurday level. So these levels will act as the support and resistance again and here its forming the consolidation pattern.
another major trendline coming up from the high of 13 septemberso for the buyer once that trendline breaks will give the breakout. and downside breakout is possible when the level of 56600 got breakout....
Silver can go long almost 9%.As per above Chart analysis possibility of ending wave 4 which was complex wave WXY, now it can continue it's uptrend in wave 5 which can extend till 0.786 fibo ratio.
🥈 #Silver possible move MCX:SILVER1!
set up says silver is bullish but we can see some resistances also, trade with small targets or trade with trailing stop loss.
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Silver can go short in this supply area
Silver can go short in this supply area . Planning short trades will be better.
SILVER VIEW silver is sell on rise as there is no change in the fundamentals yet so break above the given resistance line is not seen in near future so we continue to drop in the downward channel also it depends on the behaviour of dollar index and cpi data of usa so upcoming Data can be used as a trigger for change in the fundamentals and can help silver to get above the resistance and shine again Till the time we are experiencing low industrial demand.
GOLD headed higher in wave 3Gold seems to have finished its downmove at the recent lows around 1690 levels. The move since then has traced out in 5 waves and is clearly impulsive. The one-two , one-two series of upmoves should accelerate into a wave 3 and head towards 1760 as its first stop before heading towards 1850s.
Silver is expected to follow same path.
#XAUUSD #XAGUSD
Silver Elliott wave countsSilver possible wave counts are still suggesting not to go long at these levels, this may correct more, be cautious.
Possible Elliot wave counts on weekly time frame
macd in weekly is negative
Possible Elliot wave counts on daily time frame
macd in daily Negative
Possible Elliot wave counts on 4 hourly time frame
macd in 4 hourly is still below zero line
Possible Elliot wave counts on hourly time frame
macd in hourly negative crossover
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Gold may bounce from here.Gold chart is bullish it may give bounce from here CMP 1744 target would be 1760 and 1785
Natural gas Cup & handle pattern BONatural gas chart form Cup & handle pattern. It should long CMP 780 for target 860,905 and final target 1085
