On Weekly Basis: Silver completed its 50% correction from USD 26 to 18. There are several resistance pivots at 22.15 on weekly charts. Wave A, B, C and D is over in Silver and Wave E should resume anytime now. Short sell is a good choice at 22 level with a target of 14 which becomes a strong buy from long term point of view. 200 DMA is also at 21.45 where price...
Silver today's range for entry. Stop Loss only 250 point and target 250 point, trail SL on each 250 points movement.
bearish outlook hourly- strong sell (target- 56730/56045/55675) daily/weekly- sell(swing short) bullish outlook immediate resistance/targets -58650/59550/60880 as per current market trend prices should test the lows
As updated in the charts we still expect a little upside movement in silver for completing its 4th leg before moving towards its final showdown or the last leg (wave 5). It’s not the right time to trade anyways in silver . We still wait for a perfect entry . Thank you so much .
Silver had broken support trendline and closed yesterday below 20 day moving average, which is clear sign of bearishness ahead. After bounce from lower end of falling channel it got rejection at upper end of falling channel, also RK's Momentum turned in sell mode, all other trend indicators like macd, rsi etc. are also suggesting same bias, According to wave...
As Per My Analysis On OANDA:XAGUSD If All thing Are happend as i wish i will enter and wait for my target
It seems morning push was just a trap... silver seems to be fading out morning run.
Silver is still in triangular correction on weekly time frame and now it has weekly closed below RK's stop loss line which is a sign for weak sentiments again also weekly macd is about to turn bearish again so we can assume that after completing wave a-b-c-d- now we are unfolding wave e in triangle pattern, which can be last decline before breakout towards north...
We can go short on silver from this level. 68 fib Round number
We have seen the downtrend in silver form June to September . In the month of October we saw a clear break out from the downward sloping trendline (T). Now ,the price may again come for the retest. So We have short entry for now in silver mini till point "D" (WHICH IS ALSO A 400 D EMA LINE RED) We can aim from POINT "A" TO "B" FIRST and then POINT "C" TO "D" ...
Silver mcx short position below 66200 TGT - 65850/- 65500/-65200/- Final TGT - 65000 Sl - 66650/-
seeing reversal in international prices chart sell silver @ 64750 sl 65555 tgt 64000-63500-63000-62500
It has been lacklustre since touching the high of $ 30 a year back. It traded in the 22-30 for a year. With a decisive break of the 200DMA on Friday at $25.7, it would have given sleepless weekend nights to the Silver Bulls. The GANN Fan lines and Speed resistance lines are also not signaling any smooth up-move in the near term.
Good sign for sell silver since head and soulders found inside HEAD AND SHOULDERS I marked in Silver mini, you can duplicate same setup for Silver mic and Silver mega too. Entry at red line and tgts are in blue line, SL marked as black. Take entry as per your own analysis and enjoy your profit. GOOD LUCK!
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:...
The price of the counter XAGUSD is moving downwards in the resistance trend line. Already the counter has been tested thrice at the prices 26.111,25.793 and 25.475. The price is still maintaining below the resistance line and there is no indication for a breakout. The selling mood of the market may drag the price even more downwards. Short is more preferable for...