Silver can go short in this supply area
Silver can go short in this supply area . Planning short trades will be better.
Silver
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
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
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
Dollar Index Breakout or Breakdown ??Dollar Index Breakout or Breakdown ??
Whats your view members ??
#commodities #gold #silver #copper
I THINK GOLD HAS SOMETHING INTERESTING GOING ONTVC:GOLD
GOLD is making a classic entry for a good upside
I have drawn the whole perspective I think is the best possibility right now
I am buying gold with the SL of breaking the trendline drawn on the bottom which I think it will retest once
plz trade according to your knowledge and understanding, don't follow anyone blindly
SILVER CRITICAL UPDATE As updated in the charts we still expect a little upside movement in silver for completing its 4th leg before moving towards its final showdown or the last leg (wave 5).
It’s not the right time to trade anyways in silver . We still wait for a perfect entry .
Thank you so much .
SilverSilver CMP 20$
This is a weekly chart of silver...
Looking at the chart,
we can see that Silver have completed its one wave cycle at 18.15$
and possible WAVE 3 started ....
as long as 18.15$ holds,
Silver would be buy on dips from here for where I would be looking for 30$ as my 1st tgts
Just a View!!
Vedang
Silver Short (01 Aug)Silver Short (01 Aug)
RSI- 43
RSI divergence
Sell at CMP- 58340
SL- 58570
Target- 58060, 57712
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Silver Short (01 Aug)Silver Short (01 Aug)
RSI- 62
RSI divergence
Sell at CMP- 57995 or around 58150
SL- 58450
Target- 57400, 57100
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
IS IT SMART TO ADD SILVER IN THE PORTFOLIO AT CURRENT LEVELS ?MCX:SILVER1! NO FAVOURABLE CHART PATTERNS, NO TECHNICAL SIGNS OF REVERSAL.
Can a contra bet of long positions be initiated at current levels ?
Well, the retail investors looking for diversification of their portfolio's, have a great opportunity to add silver futures. The risk reward ratio is favourable at current rates plus there is a high chance of bounce back and short covering at the expiry.
But again,
One cannot predict the downfall from the current levels as there are no indications in the chart patterns. Just a blind trade.
The idea shared is for educational purpose only.
Silver Long (26 July)Silver Long (26 July)
RSI- 41
Buy at CMP- 54520
SL- 54350
Target- 54710, 55010
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Silver 50 year Chart HistoryFUNDAMENTALS
1) Strong demand from industrial use of electrification of economies.
2) Funds being diverted from stocks to Gold/Silver
3) gold/ Silver ratio near a peak.
4) 40% down from highs and at support of 12 years of consolidation.
Silver Mini MCX 15 Mins Chart AnalysisSilver Mini MCX On 15 Mins Time Fame Chart is Consolidating between Range 57800- 56500, Breakout is Awaited Either side of the Range, Till Then one Can Sell around Higher side or Range and Buy on The lower side of the Range. As the Major Trend is down Currently, If Silver Mini MCX Contact closes below 56500 We have see Further sell off
SGX 08.07.2022: entry & exit is very important
: try to manage money management
: know your stop loss
: find the chart pattern / analysis the chart before you enter
Silver Short But Very Good Buy Opportunity To Buy the LowSilver Is Limited In Lower Range But Should Bounce From Those Lower Levels Expecting Silver To Touch $21.XX With a Strict SL Below $19.40
Can Go Buy Around $21.XX Levels
Patience is The Key For Success
Silver Weekly AnalysisSilver is still in demand zone. Weekly closing below 56k will give more down moves.
Happy Weekend
Silver Price action and RSI study Silver Making multiple supportive nodes -> 1) Making it weak 2) Might take support to ( thus making it a tradable area )
Learning Pointers
>> Pattern here is Descending triangle
>> Time frame here is Weekly
>> Candle position -> Mother bar : Inside bars on multiple weeks
>> Rsi telling about Divergence of price and relative strength ( Rsi making higher lows, meaning it is bullish )
>> Price making same lows
>> Price taking rest at 150dema, can combine itself with 200dema too in near future on W charts
SILVER - XAGUSD SHORT TERM AND LONG TERM TRADE Potential sell coming in Silver .
TP 1 : 21.107
Trade 2 : 20.690
Big influencing factor : stronger Bond Yields and Powell's testimony .
Stop loss : 21 .620
