Daily silvermic demand&supply zonesilver mic daily level.................................................................................
Silveranalysis
Silver Daily Gann Chart Pointing HigherCurrently, 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 fake-out? That's a straightforward scenario on the above chart. MCX silver futures will come under the control of sellers in the downtrend area. It will fall nonstop for the targets of 59960 - 59400 - 58600 - 55765.
Silver Analysis 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 resistance. Setup would be "invalidated" if price breaks the trendline again and trades below it.
Silver Futures (CFD)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 which is the high of wave X and coincidently it is also top of current rising channel.
on the way down, or in the worst scenario, the 20 day simple moving average and the lower end of the channel which around coincide around $22.62, will be the crucial support level to watch out for.
fib key levels for target and whole scenario
macd in weekly
macd in daily positive and uptick
rsi in weekly uptick
stochastic in weekly
stochastic in daily
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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
Silver MCX looks promisingSilver 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.
Thanks
silver looks +ve1. rising crude (-ve for equity, good for bullions)
2.+ve divergence on RSI and MACD.
SILVER FALLING WEDGE PATTERNHello
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 factor in the upcoming times. As when looking at my chart now we can watch there how SILVER has emerged with this key SILVER SYMMETRICAL & FALLING WEDGE PATTERN marked in my chart with the black boundaries. SILVER is near support region which is an important support and also psychological support-mark together with the lower-boundary of the SILVER SYMMETRICAL & FALLING WEDGE PATTERN a pullback
In this manner, thank you for watching my update-analysis about SILVER and its major SILVER SYMMETRICAL & FALLING WEDGE PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
XAGUSD ( Silver ) 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 MOVEMENTXAGUSD 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
Silver ... Last post clearly mentioned twinkle gone... (idea attached below for reference)
Now in a bear territory
every rise is a sell...
treading levels marked..........
20 to 20.550 small support...
SILVER INTRADAY LEVELi'am using support resistance candlestick priceaction stratergy and result is superb
SILVER@THE SUPPORT AREAsilver give traingle breakout very big bearish move and right now take support price 60800 and recovery trade and again small fall possible
XAGUSD ( Silver ) LONG Target 1 : 35$
Target 2 : 42-43$
Good time in invest positionally in metals .
Keep buying near support near for the given target.
Trade duration : 6-10 months .
SILVER ANALYSISsilver doing breakout after take support and brearish movement small sl big tgt possible risk to reword favourable
🥈 Silver As one can see Silver is falling but it is heading towards buying level but when we can buy here, only and only if we get reversal at Harmonic PRZ ( from that first dash line to that horizontal last line which one see at X point of Big Harmonic pattern). in this area if one can find reversal then can go long on this with given stop loss.
PRZ 1 :- 63836
PRZ 2 :- 63427
Stop Loss :- 62500
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
SILVER ENCODED CALCULATIONSsilver most likely will drop after reaching the levels
if we see more further upside i will update as of now looking at drop
sooner or later ..just mark the calculated zones and trade
Silver-Head & Shoulder pattern
-High of $ 30 tested in Feb but could not conquer.
-Black trendline from last Oct could be the last saviour.
Though I doubt that because eGold is also showing signs of short term bearishness.
T A R G E T : $ 19 (Dec 2021)
SILVER VIEW Silver right now in consolidation phase and at strong support zone important levels r marked on the chart . Right now we can buy for $29 and $32 in short term if price remain above 200 day EMA (Can be use as SL) .
Expecting Pull back from the current level as we have already seen demand in past at current level .
silver short term bullish view I think silver future may see some upward move in coming days because silver take support from previous breakout.
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 23.75, a resumption of the uptrend is expected.
We make sure when the resistance at 28.75 breaks.
If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The symmetrical triangle is taking shape. As a continuation pattern suggests, we will soon see another leg higher if the price breaks and closes above the downtrend line of the triangle.
The RSI support #1 at 48 is broken, so the probability of the resumption of the uptrend is decreased.
A peak is formed in the daily chart at 28.55 on 06/ 01 /2021, so more losses to support(s) 25.75, 24.50, and minimum to Major Support (23.75) is expected.
Price is below WEMA21. If the price rises more, this line can act as dynamic resistance against more gains.
The relative strength index ( RSI ) is 31.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
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