Silver71300 is coming as support for Silver but got tested multiple times, so we can see a small sell of 1% to 1.5% can be possible.
XAGUSD1! trade ideas
Silver 1:3 tradeThe silver trade presents an enticing opportunity with a 1:3 risk-reward ratio, offering the potential for substantial gains. Investors can capitalize on silver's price movements, taking a calculated risk with the prospect of tripling their initial investment if the trade unfolds favorably. This favorable risk-reward ratio makes the silver market an attractive option for those seeking potential high returns relative to the risks involved.
SILVER Update || MCX || 16-17 Jan Timeframe: 4 HOUR
Long-Term Buying Suggested Above 73600.
RSI stands for Relative Strength Index, a momentum oscillator used in technical analysis.
"Moving flat" implies that the RSI indicator is not showing a strong upward or downward trend but rather moving horizontally. This could indicate a period of consolidation or indecision in the market.
Sell Below 72295 for +400 Points:
This suggests a recommendation to sell the financial instrument if its price falls below the level of 72295.
Silver ready for big fall again sell recommended near 75000On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
#SILVER || MCX || DAILY UPDATE || 9th - 10th Jan#Silver
Timeframe: 4 Hour
Direction: Long
Critical Level: Silver must decisively break above 73150.
Confirmation Needed: This level represents the most immediate previous high, and a successful breakthrough with follow-through would indicate potential bullish momentum
#SilverInvesting #preciousmetals #SilverPrices #BullionMarket #SilverBullion #analysis
SILVER - INTRDAY SETUP - MCX Reversal Anticipation: If silver's current price holds at 71300, there's an expectation of a trend reversal. This could signal a shift towards a more positive or bullish market sentiment.
Bearish Trend Warning: Conversely, if the price drops below this level, it suggests potential further downside and a bearish trend in the silver market, prompting caution among investors and traders.
Trendline Breakdown in 1 Hour SIlverM Chart MCX:SILVERM1!
Observartion: trendline Breakdown
What is Trend line?
a trend line is a graphical representation of the general direction of price movement in a financial market.
Here are some key points about trend lines in trading:
Identifying Trends: Trendlines are drawn on price charts to connect significant lows in an uptrend or highs in a downtrend. An uptrend is characterized by higher highs and higher lows, while a downtrend consists of lower highs and lower lows.
Support and Resistance: Trendlines can act as levels of support in an uptrend and resistance in a downtrend. If the price approaches an uptrend line, it may find support and bounce higher. Conversely, in a downtrend, the price may encounter resistance near the trendline.
Validation: The effectiveness of a trendline is enhanced when it is validated by multiple touches. The more times the price respects and reacts to the trendline, the more reliable it is considered by traders.
Breakouts and Breakdowns: Traders often pay attention to trendline breakouts and breakdowns. A breakout above a downtrend line or below an uptrend line may signal a potential reversal or a continuation of the existing trend.
Trendline Slope: The slope of a trendline provides information about the strength of the trend. Steeper trendlines may indicate a stronger and more sustainable trend, while shallow slopes might suggest a weaker trend.
Timeframes: Trendlines can be drawn on different timeframes, from short-term intraday charts to longer-term daily or weekly charts. The significance of a trendline may vary depending on the timeframe.
It's important to note that while trendlines are a useful tool in technical analysis, they are not foolproof, and traders often use them in conjunction with other indicators and analysis methods to make well-informed trading decisions. Additionally, market conditions can change, and trends may reverse, so it's crucial to consider multiple factors before relying solely on trendlines for trading decisions.
MCX SILVER FUTURE January ContractFrom 52000 to 72717 it's follow a trendline .
It respect 52 EMA very well. Also we can see a bullish engulfing candle was created in weekly chart . It's a good sign for bull run.
This year is the right time to invest in SILVER.
After breaking 78322 bull run start. Also global market perform very well .
Resistance 1: 72317
Resistance 2: 74136
Support 1: 67767
Support 2: 60305 (it's a strong support, for now price will come at this area if there will be no big issue like covid )
#Silver || 1st - 5th Jan|| Intraday setup
🔸Timeframe: 4 hour
🔸Strategy: Long
Bearish above 74653
Explanation: This trade strategy suggests entering a long position if the price surpasses 74653. The target for potential gains is set at 75583, while a stop loss at 74158 aims to manage potential losses.
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#SILVER💎 || 21 Dec || Intraday setup THURSDAY SPECIAL UPDATE -
🔸Timeframe: 1 hour
🔸Stratergy: Long
The intraday support at 75426 is crucial. A breach and sustained trading below this level may trigger a downside move of 100 points, potentially invalidating the bullish view. Traders should closely monitor this key support level for potential market direction. 📉
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#SILVER update || Dec 19📊 Time Frame : 4 hour Strategy : SHORT
The current price is undergoing a test of a robust support area, suggesting a possible rebound and a retest of local resistance before a potential decline.
There's an anticipation for silver to reach the 73000 zone in the coming days, contingent upon finding support within the range of 72500-72860. However, a breach of this support could indicate a potential bearish trend, implying the possibility of further downside.
silver mcx or spot update blwsilver spot 4th hrs chart looks bear move macd gvn bear brreakout blw 24$ looks dwn side 23.60-23.30$ sell on rise with sl 24.25 or mcx silver stya blw or hold 747650 sell on rise sl will be 74789 tgt looks 74350---74110+++ yes blw 23.604 sharp panic on chart looks and usdinr may be support
Silver Future MCXHi all again this analysis is based on elliott wave and neo wave analysis.
Market has made 3 wave and corrected as flat structure(3-3-5) and then made X larger degree now currently market making expanding limiting triangle this will be the last corrective structure which will end as 4th wave and than finaly will rally for 5th wave.. Now major concern is this if this is 2nd wave than we will see sharp rally and which exceed and can cross more than 161.8 of wave 1 to wav2 fib extension.
Buy side:-above 77956
Target 1- 84948
Target 2- 110546
last target 3- 133739
Note:- Market not completed E leg move yet, once B-D trendline broken it will confirm as 4th wave/2 wave and then it will rally for 3rd/5th wave.
Short trade as per elliott wave and NeowaveHi All this analysis is on elliott wave and Neowave.
At very higher time frame market is making Limiting expanding triangle( expanding triangle
consist of 5 sub waves which are 3-3-3-3-3(A-B-C-D-E) we are in now E structure as E structure is not yet completed it need to break B and D trendline to confirm the expanding triangle, Now market is in the direction of E wave to confirm expanding triangle. this trade is basically on the basis of E wave as E wave itself contain multiple Zig Zag structures( 5-3-5) and than form X as supportive wave this will lead to form double ziz zag to complete E wave example- ABC-X-ABC(5-3-5-X-5-3-5) .
Trade setup:=
Sell below-74286
Target-72606
Stop loss:-74814
This analysis is only for educational purposes, i am not a financial advisor please get in touch with your advisor to take any buy/sell trade in any liquidate market.
Silver Futures Intraday Prediction Levels for 14 Dec 2023The 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.
Silvermic at short term supportSilvermic at short term support
Currently near the support levels where it's testing the support line. Expecting some short term upmove if condition sustain. Fall of around 10% so expecting short term upmove or a pause before the fall.
73200-73700 if not then can see a downmove.
No recommendations, just my view based on chart structure.
