Silver lies at top of the Channel likely to move downSilver lies at top of the Channel likely to move down, trade with Discipline sell only when price breaks 27.170 and if price sustain below 27.170 likely to move towards 26.500 levels.
Trade ideas
Long - Silver - $30 - (~1 Month)Silver bounced of the 200 DMA and broke a downward channel .
Target: $30
Entry: $25.26
SL: $25
Note- Strong Resistance at $30 & $26.43.
XAGUSD - MOVE FOR THE DAY EXPECTEDWE EXPECT IT TO RETRACE BACK to 25.75 AND expect to MOVE TILL 26.3
IF IT BREAKS BELOW 25.75 ZONE, wait for confirmations to SELL
Silver - Long - Short Term (~4 days)Possible break out in Silver towards the $26 level, can move further based on volumes over the next 2 days. Depreciation in dollar should add to the momentum however rising bond yields may cause rough waters.
Target 1 - ~$26
Targer 2 - $26.45
Entry: Once the resistance at ~26.53 is taken out with decent volumes, and then possibly retested.
XAGUSD - Silver - Falling wedge patternPrice forming falling wedge pattern and it should break up. Already one can sense the strong move from the bottom and this should continue to break up and move further.
silver Flag or Bounce Back ??we caputre 1:3 on silver earlier.
now again silver is on move on key level whats ur interpretation.
LEARN TO EARN.
Silver US/OZ Buy CMP 24.07 for Target - 24.2- 24.3- 24.5- 24.6Silver US/OZ Buy CMP 24.07
for Target - 24.2- 24.3- 24.5- 24.65 - 24.9+
SL below 23.7 - 15 min candle closing basis
SILVERWill it take support near 25$ ? Only time will tell. If it is taking support there then it will be sweet buy point for target of 27++
Gold price manipulation by central banks.As we know since the gold standard was eliminated in 1971 by Richard Nixon, the US govt kept printing enormous sums of money in the form of debt. Basically Americans have been buying goods and services from India and China literally for free by printing infinite sums of USD. And since US govt has the sole right to print USD while USD is also the currency used for import/export , meaning Americans could buy anything they want from any part of the world as much they want.
Elliot wave Analysis # Bearish SequenceOANDA:XAGUSD
Complex Correction in XAGUSD
240 Mins Bar (log scale)
flag pattern with reverse RSIqueries are welcomed.
feel free to message.
desclaimer : only for educational purpose.
