Silver Mini MCX On 15 Mins Time Fame Chart is Consolidating between Range 57800- 56500, Breakout is Awaited Either side of the Range, Till Then one Can Sell around Higher side or Range and Buy on The lower side of the Range. As the Major Trend is down Currently, If Silver Mini MCX Contact closes below 56500 We have see Further sell off
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" ...
While the price is above the support 14.80, beginning of uptrend is expected.
We make sure when the resistance at 16.20 breaks.
If the support at 14.80 is broken, the short-term forecast -beginning of uptrend- will be invalid.
While the RSI support #1 at 49 is not broken, the probability of price decrease would be too...