Short Silver near 66600-66750 Stop 67150 Target 65600.
Silver CMMP 65800 Target 66180/66800 SL 66400
Silver chart looks more interest ing then gold at the moment. Silver have given a breakout on monthly charts and is now consolidating after the retest.
Om Namah Shivay Silver can be more properly analyzed with EW. In this the last leg does not have the Triangle. As there it is wrong to place a triangle. Om Namah Shivay
Om Namah Shivay Brothers, Silver started going down from 6th Jan onwards. And the reason being analyzed in the chart. It is amazing to see the lower timeframe analysis giving the level from where the flat 2 structure should tip. All data and reason are drawn and It shows the amazing result. Om Namah Shivay
Silver bouncing from the support. One can take long positions now for a target of 27.7 , 29.85, 32.40, 35...
silver is writing lb pattern entry and target mentioned
Description: The counter XAGUSD look to form an ascending triangle. A flat-top resistance @ 27.40 and trend line support around 26.00 to 26.15 together form the ascending triangle. Today the counter is looking to break the resistance line @ 27.40. Prices trading a couple of hours above this level might push the counter to further highs. A price accumulation...
Midterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 27.40 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. While...
Midterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 26.00 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. A...
Silver formed W pattern in RSI and its about to boom..
Negative Divergence on Hourly silver chart
Silver facing resistance now at 26$ level. If it breaks it decisively then we are off to $30. Otherwise, another correction may be on the cards.
Silver's recent upmove looks complete and the initial move down from 24.86 seems to be in 5 waves, indicating that the down move may have started. If the wave count is right, we are looking for the next downleg to make its path upto $18. At this level the 2nd ABC will be equal the 1st ABC from the Aug high. This is a normal target area. Risk level is the...
Consolidation is about to end, ready to fly higher.
Gold and Silver has been mostly co-related historically and are inversely proportional to US Dollar. The Importance of the Gold-Silver Ratio for Investors The practice of trading the gold-silver ratio is common among investors in gold and silver. The most common method of trading the ratio is that of hedging a long position in one metal with a short position in...