Silver Weekly AnalysisSilver is still in demand zone. Weekly closing below 56k will give more down moves.
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XAGUSD1! trade ideas
Silver Price action and RSI study Silver Making multiple supportive nodes -> 1) Making it weak 2) Might take support to ( thus making it a tradable area )
Learning Pointers
>> Pattern here is Descending triangle
>> Time frame here is Weekly
>> Candle position -> Mother bar : Inside bars on multiple weeks
>> Rsi telling about Divergence of price and relative strength ( Rsi making higher lows, meaning it is bullish )
>> Price making same lows
>> Price taking rest at 150dema, can combine itself with 200dema too in near future on W charts
SILVERAll detail for chat. good entry at mark price only. and must stoploss is 69250 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
Silver Support and resistance levels.Buy at support and sell at resistance..
P.S: View for educational purposes only.
Silver Short (20 June)Silver Short (20 June)
RSI- 40
Sell at CMP- 60790
SL- 61100
Target- 60420
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Silver coming weeksAfter breakdown from top in the month of February 22, is it ready for upside or more pain is existing in the back. Hopefully this will rise as stock market is tumbling down. Gold is also gaining strength.
SilverLooks silver showing good opportunity for long.
Marked important levels, please understand the price levels and take your own action.
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Disclaimer: None of the trading calls given by meshould be construed as an offer to buy or sell any financial instruments, nor advice to do so. All information shared by me is for learning purposes only and has no financial liability whatsoever to any user on account of the use of information provided above.
MCX silver bullish flag but without volumesMCX silver forming a bullish flag. Buy between 57500-59500 for 63000 to 66000. Stop loss below 55400 on closing basis. Volumes are not supporting on either side that is case looking in MCX Silver and MCX gold
Silver MCX at supportSilver is taking support at a trend line, also if we see 15 min chart we could see strong divergences
Silver : A Very Bullish viewSilver is trading between a range 5800 - 75000. Now it is heading upward to 75000. This time it will try to break this resistance and move higher to new uncharted territory to be in 6 figures.
so flow with the trend closing below 60000 will turn the trend neutral to bearish and below 58000 a very negative view for all long positions.
This is for information only. Check your risk profile with your financial advisor before taking any trade position.
sell silver minisell silver mini in 15 minutes around 62090 level. and your target is 62049.61995.61918 and your sl is 62126
SILVER MCXSILVER MCX in the near term 70500 - 70600 are the resistance zone for silver mcx, it has possibly completed wave ii in three wave decline, and now possibly wave iii is unfolding. If our wave counts are going correct then above resistance zone silver can show 79000 plus, where wave iii would be equal to wave i.
Currently price is sustaining above RK's stop line and also above RK's cloud along with buy signal in RK's Magic on daily chart, which is a good positive sign itself, if we see price is also above 20DMA and 20WMA, macd is also positive in both daily and weekly time frames, RSI on weekly is uptick, stochastic on daily is supporting same bias.
On the way down immediate supports are pegged at 67050 as a RK's stop line, and major support at 65298 to watch out for upcoming sessions.
Overall wave structure on weekly chart
macd positive in weekly and also above zero line
macd positive crossed in daily chart
RK's indicator also suggesting to go long
Price above 20WMA above mid bollinger in Weekly chart
Price above 20DMA above mid bollinger in daily chart
rsi in weekly uptick
stochastic in daily going positively uptick
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However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Silver will Behave Like GoldSilver is Likely to Behave in Line with Gold. Read my commentary on Gold. Same applies to Silver
Silver may give positive moveSilver is expected to move positively as it's RSI is above 51 and MACD will show positive move. And also break trendline with high volume
SIlver trade.Monitor the trade and enter accordingly. Once it breaks the given levels you can enter into the trade.
Short SilverHello,
Time to short silver. I believe it should touch last Green support line. That will be the final target.
Short Silver target 66200Short Silver, Target 66200
Short Silver, Target 66200
Short Silver, Target 66200
Short Silver, Target 66200
Short Silver, Target 66200
Short Silver, Target 66200
Short Silver, Target 66200
Short Silver, Target 66200
Short Silver, Target 66200
My personal view, your trade your responsibility
silvermini upcomig target for coming days silvermini upcomig target for coming days wait and see what happning
S8pver Micro 68650, 69200, 70000, 72000Buy Silver Micra, add more make good average, avoide to short, sudden up side move possible after few sessions.
My personal view, keep it hold
