Silver 📈 📈 If it sustains above 27.67 or that line ( Red ) then it could pump to the line ( green) or to the price 31.75 marked on the chart
31.75 --- ( 24th June 2024 expected time )
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Silvertrading
Silver Futures Intraday Prediction Levels for 7 Dec 2023Silver 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 act as support and resistance. You have to trade according to level breakout or breakdown.
If You are a new trader then just watch (No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Silver Mini MCX 15 Mins Chart AnalysisSilver 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
SILVER SHORT AS WELL AS LONG OPPORTUNITY TILL DECEMBER END ..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" again ,
OR may take a short entry at "A" and close the trade at point "D"
ENTRY LEVELS CAN BE AT 64700 (Short entry)
TARGET CAN BE 63400 THEN 62600
STOP LOSS CAN BE PLACED AT 65700 ZONE
YOU HAVE TO GIVE ATLEAST 2O 25 TRADING SESSIONS FOR THIS
ONCE THE PRICE REACHES TO POINT D WE MAY SEE THE CONSOLIDATION,OR
PRICE MAY EVEN FALL BELOW D WE HAVE TO DO NOTHING IN TAHT ZONE BUT WAIT FOE THE BULLISH ENTRY FOR A PRETTY GOOD TARGET UPWARDS .
I will post the bullish trade later.
Thank you .
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Above analysis is just for education purpose ,
i am not a sebi register advisor ,
please consult your financial advisor before taking any financial decisions .
A trading opportunity to buy in SilverMidterm 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 low.
A peak is formed in daily chart at 15.55 on 06/21/2019, so more losses to support(s) 15.30, 15.15, 14.95 and minimum to Major Support (14.80) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 63.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (14.95 to 14.80). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (14.95)
Ending of entry zone (14.80)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 15.15
TP2= @ 15.30
TP3= @ 15.60
TP4= @ 16.20
TP5= @ 17.20
TP6= @ 18.10
TP7= Free