Silver Futures Intraday Prediction Levels for 7 Dec 2023 The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line. These levels...
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
If SILVER closes below 25.520 and GOLD below 1965 on 19th Apr'22 then a short term downtrend will be awaited with a near support of 24.67 for SILVER and 1916 for GOLD.
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 most likely will drop after reaching the levels if we see more further upside i will update as of now looking at drop sooner or later ..just mark the calculated zones and trade
Buy Silver At Cmp 66644 SL - 64900 (DCB) Target - 68500/70000
Shorting Opportunity in Silver Future (MCX). Use a 1-Min time frame to enter.
Midterm forecast: 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. Technical analysis: While the RSI support #1 at 49 is not broken, the probability of price decrease would be too...