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...
Buy above resistance and sell below support. Read markings on the chart.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
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TREND -POSITIVE
PRESENT ZONE- Inside Demand zone.
Came down after touching multi year high
FORECAST -As per ZONE
if D1 is broken will target D2 at 24.435.
Pre high to be crossed above D1 for entry.
MY TAKE
if crosses above D1 at 25.07 will target 25.485
TREND -POSITIVE
Unable to break above the Supply zone at 25.90
Multi year supply zone at 26.11.only gap up required to cross this.
IF TL broken will target below 1 HOUR DEMAND ZONE's till 25.08
TREND - POSITIVE
PRESENT ZONE- Inside SUPPLY ZONE 3
Trying to break Monthly downward TL & prev high,Yearly SUPPLY ZONE now.
FORECAST -As per ZONE
once crosses above these zones 24.745 possible then 25.1 next SUPPLY ZONE
MY TAKE-
Chances of reversing from 24.22 are there.so wait for retesting and break out above this level.
if not will come down again to 1...
Breaking Down Point: 76780
This could be a critical level in the silver market, possibly indicating a point where significant market action may occur.
Downside: 75290 - 75110
Suggests a potential downward movement, with a specified range of 75290 to 75110 as levels where sellers might be active or where the price may encounter support.
Invalidation: 77219
...
Silver is looking so bullish . Breakout after consolidation is forming in this chart . Reversal from Fib. zones with bullish market structure formation .Long trade can be plan for swing trade with given SL and Targets.
TREND - POSITIVE
But unable to break above weekly downward trend line.
PRESENT ZONE- At SUPPLY ZONE 3.Encountering yearly supply zone.
New 1 hour zone formed.
FORECAST -As per ZONE SUPPLY ZONE 3
If breaks above SUPPLY ZONE 3 will go to 25$.
if breaks below SUPPLY ZONE 3 will target below 1 hour demand zone/weekly zone.
MY TAKE
As lots of...
