Here I have used Gann fan and Fibonacci on Silver sport to identify the current trend. Fib Retracement: Top: $29.90 Bottom: $11.64 If silver remains above the 78.6% level, the target will be $27 - $27.8 . And if it goes inside 8/1 or remains below 78.6% level, we will see the silver price at 0.618 value of fib retracement. The day traders can use...
Sell At Cmp 62150 Strict SL - 62611 Target - 61400/60700 Purely intraday trade if silver doesnt close below 62000, dont hold it overnight..
SILVER COMEX is on the verge of Breakout of Range, Today if SILVER COMEX Sustains above 27.30$ we can see upward swing in Silver in the next few trading session. Keep a close Eye on SILVER COMEX for the Trading opportunity. 👍
Shorting Opportunity in Silver Future (MCX). Use a 1-Min time frame to enter.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (17.80). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAGUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Midterm forecast: 15.60 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI bounced from the support #1 at 48 and it prevented price from more losses. A trough is formed in daily chart at 14.89 on 07/05/2019, so more gains to resistance(s) 16.20, 17.20, 18.10 and more heights is expected. Price is...