Positives SILVER chart in 4hr looks good for me. It is near Trendline support and also Monthly breakout retest zone. More chances it goes up as per chart and Target may be 30-32$. Negitives If it breaks down, next support is 26$.
Support on 31.68 on 20th June will trigger price upwards to 43.35 within or on 20th Oct 2025 marked on the chart 31.68 ( 20th june 2024 ) 43.35 ( 20th Oct 2025 ) Disclaimer: It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Silver looks good. Silver Brokeout of Monthly Trendline and Horizontal Resitance also. I will take more silver expecting 35$ and 50$ as Targets if it closes monthly above 30$. Lets see and plan accordingly.
If it sustains above 27.67 or that line ( Red ) then it could pump to the line ( green) or to the price 31.75 marked on the chart 31.75 --- ( 24th June 2024 expected time ) Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Watch for a breakout out of the wedge. Can give a 10% move in Silver
if silver sustain above 70k or 70050 level for today's close = 1d candle then it will news based just liquid sweep from rd number of 70k the price will rush towards the upper liquidity lvl of 71250 and 72750 as of trade on long side keep stop loss of 70k or below and target mentioned i.e. 71250 and 72750
after the gap up of 29nov there is price imbalance and buyer's liquidity is laying down under @ 68000 to 66000 zone simple if you the candle from december month youll see reds are more dominat then green and green pullbacks came from previous value zone that were not tested are acting as order block triggering the buy order of buyers BUT..... there are two...
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line. These levels act as support and resistance. You have to trade according to...
the 3rd oct uptrend is more likely a pullback from the previous downtrend that we had analysed and played well currently the price has reached to the fib golden zone of 0.6 and 0.7 and there is another confluence of previous rejection zone price started making lower high and lower low 68000 - 67000 will be area of order blocks lets wait for the price to...
silver has reached the fib zone and our golden zone looking price need to make a pullback and we have two fair value zone 69000 and 68300 go long based on higher high and higher low formation
those who went long from 66k-68k in silver gained almost 2000-2200 pts i think it will be wise to book profit and wait for new level the fresh buying level for silver will be 68400 let the price make a pullback after such good impluse movement follow the price on the basis of lower low and lower high look when it reaches 68400 zone wait for price to form...
Friday's price action a) brought the price precariously close to the descending triangle breakdown b) Trendline recapture miserably failed and confirmed the breakdown Both (and 2 other EW based factors) points towards price reaching green zone after break of blue zone. The momentum oscillator is also no-where near the oversold zone and indicating some more...
Expected to Breakout soon. Tgt mentioned on chart.
Bullish Butterfly In Silver Buy PRZ - 72638-72617 ( Activated ) SL - 72300 ( 15 mins candle close ) Target - 73450/73700/74000
XAG/USD Is approaching a very strong pivot level. This level has been tested several times in the past and as we can see on the chart it has been acting as support and resistance both. With the silver having a very sharp fall it is very likely that this level will act as a support, and there can be mean reversion after the extended fall that we have seen in the commodity.
Silver important short term levels are plotted in the chart. currently silver is trading in the major support zone after a sharp fall in todays session. It is expected that it may bounce back and probable targets on upside are marked in red dashed line. in case silver manages to close below the support zone, allow 15 minute candle to close it below the level...
Silver actionable demand and supply zones are marked in the chart above. Generally price may reject from supply zone and price may bounce back from demand zones. In case price breaks out or breaks down the zones then we may see the strong price momentum on either side. Do your research before placing any trade.