Silver formed inverted head and shoulders pattern . if we break above 25$ then we will be heading for $28 in short term . if we break below $24 then we will be facing heavy selloff to 20$ in short term .position size should be taken care off .
For more follow me if can of any doubt fell free to connect .
We have seen the downtrend in silver form June to September .
In the month of October we saw a clear break out from the downward sloping trendline (T).
Now ,the price may again come for the retest.
So We have short entry for now in silver mini till point "D" (WHICH IS ALSO A 400 D EMA LINE RED)
We can aim from POINT "A" TO "B" FIRST and then POINT "C" TO "D" ...
After a long bearish move Silver made a strong counter trend move and broke out above the descending trendline on 20th Oct making a recent swing high of 66700 it is now trying to make a short pullback. Completion of this pullback can be a good long entry spot between 64000-65000 in SILVER. If price moves above 66000 then we can see 68000 which might be a...
Silver closed above 40 ema in daily time frame in trading session of day before yesterday, it automatically confirms that the silver has completed a complex correction recently, now there is a good chance that a major bottom is done.
Silver can possibly make a move towards north direction in the forthcoming trading sessions, as per price we can say towards $24.89...
Currently, silver has jumped back into the uptrend area. It has also broken the parallel channel in the last trading session. But, the buy is not confirmed yet. The uptrend can be resume if it remains above 0.618 of retracement level and 3/1 & 8/1.
If that happens, then you can buy for the targets of 63900 - 65100 - 65960 - 68454.
What happens if it's...
Silver MCX looks promising at this level
After several attempt to break trend-line it is
once again at the level, RSI crossing 50 levels
If breakout occurs and stays above the Resistance we may see level around 63100-64800.
However if failed, reversal happens from this level! then nearest
support will be around 59950-58890.
Welcome to this analysis about SILVER , we are looking at daily timeframe perspectives. SILVER in recent times heavily decreased with bearishness however it now moved into an oversold condition. SILVER is developing here that will be a decisive factor in the upcoming times. I discovered the main formation SILVER is developing here that will be a decisive...
silver is buy on dips no forming ascending triangle pattern an the chart target are marked on the chart need a bit of catalyst for the further movement . Til the time its not breaking the pattern targets are intake.
XAGUSD LOOKS WEAK AND CONTINUING DOWNSIDE MOVEMENT
short xagusd with strick stoploss
silver looks like strong bearish
If price rejects from resistance zones AT 20 EMA OR 50 EMA OR 200 EMA
Twith hen go for short
STRONG SL - 23.60
TARGET 1 - 22.00
TARGET 2 - 21.60
TARGET 3 - 21.20
TARGET 4 - 20.50