XAGUSD 1HR TIME FRAME BUY EXPECTED TARGET SHOWN IN CHART REASON FOR BUY 1.MARKET BUY TREND IN 1HR 2.FIB RETRACE 61.80% 3.MARKET AT SUPPORT
Monthly Resistance at 27.71480 Monthly Support at 23.52408 Day support at 26.35995 In Day time frame Trend line crossing its shown in chart. Conclusion : Market may sideways between 27.71480 - 26.35995. If market breaks the range we can expect good movement.
Silver is poised to clear resistance near 27.80 and can head toward next swing level near 30$. A move below 24.8 will negate this pattern.
Midterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 29.85 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is...
Flag Breakouton Indraday has upword potential as per short term trend
I see symmetry in up run and down.... so may be more down side is pending, say till 24.50 ? Please note: I'm a entry level trader. Just trying to learn more about tech analysis.
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: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is...
Silver saw Signiant upswing last week & found resistance on Thu/Fri at Daily Declining Trend line. Momentum is Strong & Time Cycle also Favors Silver to Rise to 28.5 & 30 & beyond in next 2/3 weeks time
With the market spiral full of talks over Gamestop-led fund diversion to silver weighing on risks, the white metal trims the previous day’s gains on Friday. The commodity rose the most since early December on Thursday while extending its bounce off 100-day SMA beyond 21-day SMA. The upside move also gained support from bullish MACD and upbeat RSI. Also supporting...
The price of the counter XAGUSD is moving downwards in the resistance trend line. Already the counter has been tested thrice at the prices 26.111,25.793 and 25.475. The price is still maintaining below the resistance line and there is no indication for a breakout. The selling mood of the market may drag the price even more downwards. Short is more preferable for...
Short Silver near 66600-66750 Stop 67150 Target 65600.