Silver buy given near 27.93 hold bhy trade upside Target @ChartDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
SILVERCFD trade ideas
Be prepared for a massive rallySIlver $27.94
Elliott- the ABC correction is a zig zag. In my view it is complete.
Fib - taking support at 38.2% from a higher swing is strength.
RSI- the oscillator back to its previous support is a confirmation of the strength.
Note - the angle of the trendline has been derived from the 2004 lows which respected the most recent highs as well as the highs in 2020.
Conclusion - the precious metal is all set to make new highs. the strength here further confirms my view of a weak dollar ahead.
Silver buy given near 27.85 hold buy upside Target on chart Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver avoid fresh sell start buying again for huge upside Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
XAGUSD Short View!Silver fell toward $29 per ounce on Monday, sliding for the fourth straight session even after top consumer China surprised markets by slashing key lending rates to new lows to support its economy.
The People’s Bank of China lowered its one-year and five-year loan prime rates by 10 basis points to 3.35% and 3.85%, respectively, at its July fixing.
The Third Plenum conducted last week also failed to excite investors hoping for new stimulus measures, as the readout did not outline concrete policy plans to address the country’s economic challenges.
Silver : Range Bound and steep fall in perspectiveIf whole world says, with Rate Cut Precious Metals would rally, and everyone gets into Buy would the Metals see Bullish Run..
That's not the case.. And with Biggest American banks Selling Silver on Rise, and carrying huge Silver shorts, we would need to hold our horses for Silver to show Steep Gains again..
Sell XAGUSD on 31-31.50 Levels and Buy XAGUSD around 28 - 29 Levels..
Any upside or big downside is not in perspective..
Downwards trajectory started for Silver, hold for Short Target Range as discussed..
But with time, and with heavy movements, volatility will increase, due to heavy confusion between Retail & Bulk (Institutional) Traders..
XAGUSD - This pullback is an opportunity!Silver was following an upward move with gold and stayed strong until there came some dollar strength-ness, last week gold sold off heavily and thus pushing silver lower towards 29.2 levels, this bearishness may vanish with coming days, as global tension rise due to war situation, and risk off assets like gold and silver may show bullish moves again, if you want to buy silver, consider for a strict stop-loss.
Important- This is my own view and not financial advice, trading is highly risky, do calculate your risk before trading.
XAGUSD SILVER 6Hr TF View!Front Month Comex Silver for July delivery lost $1.7980 per troy ounce, or 5.82% to $29.088 this week
Largest one week net and percentage decline since the week ending Dec. 8, 2023
Down for two consecutive weeks
Down $2.30 or 7.33% over the last two weeks
Down three of the past four weeks
Today it is down 90.70 cents or 3.02%
Down for three consecutive sessions
Down $2.107 or 6.75% over the last three sessions
Down five of the past six sessions
Lowest settlement value since Thursday, June 27, 2024
Off 9.68% from its 52-week high of $32.205 hit Monday, May 20, 2024
Up 39.52% from its 52-week low of $20.848 hit Thursday, Oct. 5, 2023
Rose 17.77% from 52 weeks ago
Off 9.68% from its 2024 settlement high of $32.205 hit Monday, May 20, 2024
Silver sell only below 28.75 bounce can come to 29.70-28.85 Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver sold at 30.90 , 28.95 Target hit avoid carry trade Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver sold from 30.90 next Target 29.40, 28.95 trail sl to 30.3Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
XAGUSD View!Largest one day dollar and percentage decline since Monday, July 8, 2024
Second highest close in history
Snaps a two session winning streak
Today's settlement value is the second highest this year
Off 0.31% from its 52-week high of $2462.40 hit Tuesday, July 16, 2024
Up 35.13% from its 52-week low of $1816.60 hit Thursday, Oct. 5, 2023
Rose 24.14% from 52 weeks ago
Off 0.31% from its 2024 settlement high of $2462.40 hit Tuesday, July 16, 2024
Silver sold at 30.80 Trail sl t30.60 Target 29.85 , 29.40,28.90Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
XAGUSD View! SPDR Gold shares are traveling higher along with underlying gold futures, both trading at record levels. SPDR Gold is up 1.8%, to $227.90 a share, above the previous closing high of $224.56 set in May. Gold futures trade up 1.5% to $2,466.40 an ounce — which would eclipse the May record of $2,438.50. Uncertainty stemming from the assassination attempt on former President Trump is sending safe haven markets higher this week, with the U.S. dollar up 0.2%. Also buoying gold is the rising prospects for a Fed rate cut in September. (kirk.maltais@wsj.com; @kirkmaltais)
Silver buy above 31.30 sell below 30.10 take both side trade Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Again sell silver 30.90 sL 31.20 Target 30.40, 30.10, 29.85 Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver sell given at 31.35 Target 30.45 hit avoid carry trade Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Sell Silver at 31.38-31.40 SL 31.90 Target 30.90, 30.45 , 29.85Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit