silver neutralsilver in a triangle, ready to break soon, keep an eye.... 80 k or 50k??? come to know soon...
Silveranalysis
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 25.75 is broken.
Technical analysis:
While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 28.55 on 06/ 01 /2021, so more losses to support(s) 26.60 and minimum to Major Support (25.75) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 55.
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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Silver will touch 69200 levels this week?Is it a good time to take a long position in silver?
According to the previous data, it has breaks 2021's support trendline. But the price has bounced off from the 200 moving average. And it's not crossing the 0.886 value of retracement. Hence, at the present silver trading range is between 73222 - 69076 levels.
This week silver may collapse up to 0.786 ( TP: 70660 - 70000 - 69200 ). And hurdle is 73222 level.
💡SILVER (XAGUSD) - Weekly Technical Analysis Update
Midterm forecast:
25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 25.75 is broken.
Technical analysis:
A peak is formed in daily chart at 28.75 on 05/18/2021, so more losses to support(s) 26.60 and minimum to Major Support (25.75) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 58.
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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SILVERMIC | Taking good support at trendline- can see 2000+ ptsSILVERMIC | Taking good support at trendline- can see 2000+ pts
CMP : 71050
SL : 70000
Target : 72500, 73400
1:2 risk reward setup
Already we are holding a long call based on flag - just adding one more position to average
💡SILVER (XAGUSD) - Weekly Technical Analysis Update
Midterm forecast:
25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 25.75 is broken.
Technical analysis:
A trough is formed in daily chart at 23.75 on 03/31/2021, so more gains to resistance(s) 28.30, 29.85, 33.45 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 64.
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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. . . . . Please show your support back,
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Silver Observations Silver might be a good investment. Wait for the right opportunity.
1. Pole and pennant pattern.
2. RSI comes to 50 at first time from 80 RSI and goes sideways between 60 and 50 RSI.
CONFIRMATION
1. When RSI will close above 60 and %B will Also close above 1.
DOUBLE CONFIRMATION.
When Pennant pattern will break.
Target would be length of the pole make sure to put STOPS as well .
XAGUSD - Silver - Falling wedge patternPrice forming falling wedge pattern and it should break up. Already one can sense the strong move from the bottom and this should continue to break up and move further.
silver Flag or Bounce Back ??we caputre 1:3 on silver earlier.
now again silver is on move on key level whats ur interpretation.
LEARN TO EARN.
Silver - Near strong support zoneExplained . . . :)
One can expect the price to come back to the day support before moving up.
SILVER CHANNEL BREAKDOWNSILVER CHANNEL BREAKDOWN
If further slip, nearest support will be
around 67700-66501 in short term,
resistance around 71400-72100.
...
If you like, just hit the thumbs-up button
or comment and share.
.
Updated on : 27-FEB-2021 12.50 pm
Disclaimer: Only for learning purposes.
Silver inside candle analysis ! Silver formed inside bullish candle in 4 hour time frame, and breached consolidation zone.
Possible targets:
1) 67,500 (that is 50% Fibonacci level), if it sustain on that level then we can hold to achieve the next target.
That is
2) 68,500.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
MCX SILVER- Forecasting The Future MoveHere's the daily chart of the MCX SILVER. It started to rise from the 18th of March 2020. But currently, it's moving downside. It's a short time fall. After the particular level, it will start to move upside again. It may fall up to the support. And from that point, there will be a reversal in the trend. Targets for the future upside movement of the trend are the following 66000 - 69600 .
But if it falls by crossing the support, then it will hit the 57900 . After hitting 57900, there will be a reversal in the trend. If the trend crosses the 57900 , then this level will react as the hurdle. The targets for the downside movement are the following 55930 - 55000 .
Why Silver started going down from 6-1-2021Om Namah Shivay
Brothers, Silver started going down from 6th Jan onwards. And the reason being analyzed in the chart.
It is amazing to see the lower timeframe analysis giving the level from where the flat 2 structure should tip.
All data and reason are drawn and It shows the amazing result.
Om Namah Shivay
Silver bouncing from the supportSilver bouncing from the support. One can take long positions now for a target of 27.7 , 29.85, 32.40, 35...
Buy MCX Silver Now - MA, EMA, & DMISilver has broken the dynamic resistance & triangle formation. According to MA, EMA, & DMI, silver will run to reach 68800 - 69000 levels.
It will start falling after breaking the hurdle/support line. How much? 68000 - 67600 below.
