AG1! trade ideas
SILVER SWING TRADE IDEAAs we can see that price reached to a very crucial zone (71200-70100) so from here we can expect a bounce or breakdown that zone.
So if price break that zone and close below we can see further fall 67700 levels and if price will give a bounce back from here we can see 73900 levels as a targets.
NOTE- Only for Education Purpose.
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SILVER SEEMS TO HAVE formed double top can touch 68130 - 65100Silver seems to have formed double top.
1. Daily RSI Below 40
2. Price walking on lower Bollinger bands
Can touch 68130 , which will be confirmation point and once it breaks down further low can be seen at 65100 levels positionally
Disclaimer: I am not an expert, I just share interesting charts here. Please seek expert before investing / trading, Because trading and investment in commodities is subject to market risks. I do not hold any position in silver as on date
Can $MCX:SILVER1! Test 66000 Level ?As per technical and Volume Analysis Looks like MCX:SILVER1! Had take small Support Near 69700-69500 level if its break then probably we can see some Downmove and it will test 67500 and then 66000 level.
For upside Move MCX:SILVER1! need to break 70700-70900 level with volume. if its break then we can see 72800,74000 level in coming days.
Trade can be executed whenever its break mention level.
Best Regards
Ajay Metha