this chart showing that silver may open gap up and may go till its all time high one more time RRR is in chart
The counter XAGUSD started travelling in an ascending channel from 10th July. The price movement is very aggressive for the past few days. Today the counter has made an entry in the bottom line of the channel at the price 19.91. It's the right time to go for long. Place your limits between S1 and R1.
Bullish trend may continue as stated in picture
Silver has formed symmetrical triangle pattern, If it break upside with strong volume then it has tendency to break the long term resistance zone, strong up move is expected.
SILVER MCX Enters Bullish Zone Breaking Channel upper resistance as seen on the chart. We can see Levels of 51500 in the coming days. Silver MCX will enter bearish zone only once closes below 47500
Silver has given a clean breakout from symmetrical triangle pattern on 15 mins time frame. Initiate long. Target: 15.840 Stoploss: 15.440
Silver has given a pattern breakout today, buy the dips for a target of 44500/- keep Rs. 300 stop loss.
Hope it break it soon and tend to move upside. Wait for the breakout and confirmation candle.
Silver and gold have been running in positive territory for past one week, it gave a trendline breakout some time back. Uptrend can be expected as long as Coronavirus worries are impacting markets.
Silver has been correctly sharply for past 3 days, at the moment (17.46) it is at a make or break level. If it slides further, it may touch 16.8 followed by 16.2 levels. Technical indicators are showing weakness at this stage (27-09-19). Traders taking short positions must exercise caution and keep monitoring charts for trend reversal. 18.04 on the upside...
Silver was seen attempting to re-enter the trend lines channel, after a few days of consilidation. It did respected the doji that was formed day before yesterday. RSI 21 also appears to honor support of 50 as it as reversed from there several times. CCI indicator too is indicating a reversal from lower band of range (-70 to -80). Chances of an...
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) 17.20, 18.10 and more heights is expected. Price is above...
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...
Some bounce back may happen.. becoze it is near around downtrend channel support line... nd as per RSI Indicator it is at oversold level..
A little more consolidation before the upside may be possible.. over all trend looks Bullish..