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...
silver is writing lb pattern entry and target mentioned
just an update that silver is at trend line plane according to it
SILVER IF BREAKS THE TRENDLINE SUPPORT, CAN BE SHORTED FOR TARGETS OF 58416 AND 56098 RESP.
sell silver at 62324 stop loss at 62550 target 31350 / 60458
Sell At Cmp 62150 Strict SL - 62611 Target - 61400/60700 Purely intraday trade if silver doesnt close below 62000, dont hold it overnight..
Shorting Opportunity in Silver Future (MCX). Use a 1-Min time frame to enter.
Silver price action gives a bearish idea , it may go down to touch 15.8.. from there it may start the new month price action..
Silver rallies look like fake and could fall steeply if it fails to rise above $18.5 in near short term. This is the same time some videos were published by Robert Kiyosaki on May 22nd, 2019 where he believes silver will go up. There are many other people propagating the same ideas trying to boost up silver which actually happened but failed to go past $18.5 or...
Looks like silver is taking a stroll south on hourly charts.
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...
A little more consolidation before the upside may be possible.. over all trend looks Bullish..
In short our additional full net short size in both of our precious metals is well justified from the reward and risk perspective at the time of writing this article/idea In our previous post we already mentioned many times that friday's session can be volatile and very tricky to predict and could affect gold and silver prices in short term and that seems to...
There is formation of descending triangle at 4hr chart. Good oportunity to short if it breaks 16.6 level.