Silver at support and a good bounce expectedSilver is at the support after a strong breakout. This is a good support level with the oscillators also at the mean and we can get a resumption in the uptrend from here.
SILVERCFD trade ideas
Silver till 24.69 not break buy on dip 25.9 next Target On 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 - Momentum VisibleMomentum visible in monthly and weekly TF
worth tracking for positional longs
XAGUSD shoots upAfter breaking up the triangle pattern expect it to give a really good impulse on the upside
Silver - Update
Please refer to my yesterday's idea where swing levels were twisted upside down, so I apologize for the inconvenience. The corrected weekly swing levels have been provided on the chart today.
Further candles which are important for today are also mentioned on the chart with most important candle of 12.07 p.m. Buy above high of this 1 minute candle and sell below.
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.
Let you grow. May! I follow you.
Silver Stuck up between two white horizontal lines
Provided are the swing levels of silver along with time candles for today which will create waves. Mark highs and lows of these candles and act accordingly.
Right now it is bearish but by 16th November 2023 11.35 candle P.M. it is likely to be fully bullish.
Disclaimer: I am not a Registered Analyst with any National/International. 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.
Let you grow. May! I follow you.
Silver - Update Live Market Analysis
1. Marked are the price levels of Silver on the chart.
2. Its approaching almost at -360 degree Level.
3. Time Candle which is important is 9:09 p.m. This will decide the future course of action.
Disclaimer: I am not a Registered Analyst with any National or International 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.
Let you grow. May! I follow you.
Silver - Live Market Analysis
Marked are the swing price levels for silver. Time candles important in the past were:
10-25-23 7:51 PM
10-26-23 1:35 PM
10-27-23 7:18 AM
Time candles important for today are:
10-30-23 6:11 AM
10-30-23 11:55 PM
Please mark high and low of these candles to find out the impact on trend.
I am not a Registered Analyst with any of the National/International agencies. Please consult your financial advisor before making any decision.
XAGUSD BUYMarket now correction phase completed and breakout the trend line resistance level with strong bullish candle formed and wait for the confirmation at lower time frame level of 15 minutes chart then retest complete after entering the trade
Silver - Bullish
Drawn are the resistances and supports of Silver on the chart. The past four candles which dictated the trend are
10/26/23 1:35 PM
10/27/23 7:18 AM
10/28/23 1:01 AM
10/28/23 6:45 PM
and the next 4 candles dictating the trend will be
10/30/23 6:11 AM
10/30/23 11:55 PM
10/31/23 5:38 PM
11/1/23 11:22 AM
Please mark high and low of these candles to act and resistances.
I am not a Registered Analyst with any of the National or International agencies. Please consult your financial advisor before making any decision.
Silver - Live Market Update
Marked in green rectangle is the main hurdle for Silver. Buy only above this. Todays time candle of 10-27-23 7:18 AM (IST) is very crucial and will decide future course of trend for the whole day. Mark high and low of this candle and buy only above that.
Price Levels Low for today 22.78
Sell Below and Levels 20.46 18.26 16.18 14.23
Buy Above 23.38 23.99 25.23 27.81 30.50 33.33
Intraday Levels have already been given marked by me in the earlier discussion on Silver. Link Provided.
Please adhere to those levels.
I am not a Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses
Silver in correction or notOANDA:XAGUSD
Completion of impulse wave.
Broke out of parallel channel. Now I think it's in abc correction. There are possibilities that the silver will form right shoulder of head and shoulder pattern near 50% retracement of impulse wave.
Silver- Todays Levels
Hello Friends,
Marked in white horizontal lines are the levels of Silver. Please adhere to these price levels and Candle times which is important today are 10/25/23 2:08 AM, 10/25/23 7:51 PM and tomorrow10/26/23 1:35 PM. Please mark high and low of these candles and buy only when high of these candles are broken.
It is only for educational purposes. Please consult your financial advisor before making any decision,
Thank you
XAGUSD (Silver/US Dollar)XAGUSD Technical Analysis : As of 17th October 2023, silver (XAG) against the US Dollar (USD) is showing signs of a bullish trend. The Relative Strength Index (RSI) is 53.57, indicating neutral conditions, while the Moving Average Convergence Divergence (MACD) is showing a Selling crossover. The silver price has also formed an ascending triangle pattern, suggesting potential upward momentum.
Key Resistance: 22.74
Key Support: 22.46
Traders should closely monitor price movements around these levels. A break above the resistance could signal further gains, while a drop below support may indicate a reversal. Consider your risk management strategy before entering any trade.
On the Basis of TF are :
Minute TF : "Moving Average" & Technical Indicator" are showing bullish movementum
Hourly TF : "Moving Average" & Technical Indicator" are showing bullish movementum
Daily TF : "Moving Average" is neutral but the "Technical Indicator" is showing bullish movementum
Weekly TF : "Moving Average" & Technical Indicator" are showing bearish movementum
silver spot or mcx crucial update after breakout or gold update gold buy gvn 58220@ hit full 58500 enjoyeddddddd-- now silver stya abv 22.25$ in mcx 70200 if styaa bv more fire till 23 in mcx 71300--++++ should buy on dipss with tight sl 22$-- who stucj wrong side tell here trade with lvl to lvl
Short the SILVER(XAGUSD).Elliott wave analysis:-
Impulse wave formation has been formed.
1,3,5 wave are impulse and the 5the wave was an Ending Diagonal. .
if this wave has not broke above the 5th wave then we can go for short at CMP.
stoploss@22.24201
if pattern failed then we have to wait and watch the wave formation.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
Bulls be carefulFriday's price action
a) brought the price precariously close to the descending triangle breakdown
b) Trendline recapture miserably failed and confirmed the breakdown
Both (and 2 other EW based factors) points towards price reaching green zone after break of blue zone.
The momentum oscillator is also no-where near the oversold zone and indicating some more downside possibility.
Lets see how this develops further.
Happy Trading !
Silver - A clear Break out
The Fibo levels marked on the chart show clearly that Silver has broken out over horizontal level. Its a multi year Break out. I gave the major levels in my previous idea upto $32. (link Provided) Ist major target is 24. Maintain a SL of 19.49. Stay invested. Next major three canldes to be watched in coming three days are as under:
10-12-23 12:53 PM
10-13-23 6:37 AM
10-14-23 12:20 AM
I am not a Registered Analyst with any of the National/ International Agencies. Please consult your financial advisor before making any decision.
TRIANGLE breakout in SILVER (XAGUSD)Elliott wave analysis:-
View 1:-
if it is a BULLISH triangle then it will break upside and the entire pattern next to w) wave is TRIANGLE X) Pattern.
View 2:-
If X wave was flat correction then a) wave was completed and b) wave was a BEARISH triangle and C wave has to break downside and the target will be same size of a) wave.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
Silver awaiting another BreakoutSince the market has been consolidating for a while now, There is a higher chance of an impulse move by the 2nd half of the session.
Silver - Live Market update
Hello friends,
Please vouch strength of idea that trend changed exactly at 1:27 a.m. marked by red vertical line in morning as was mentioned in my earlier discussion, now the timing of the candle of 7:10 p.m. is important. Please mark high and low of this candle and act accordingly.
Silver - update Live Market Analysis
The ongoing candle is very important for Silver, Mark high and low of this candle and act accordingly. Going further, time of various candles have been given which will have the effect on trend of this commodity. If the timings of a candle remains outside the working of the stock exchange, please ignore that candle; just draw a vertical line for analysis purpose.
Please refer to my earlier discussion of silver. Link provided
Future level in the long run:
22.479 23.076 24.29 26.81 29.47 32.24
