23 LevelS Looks Like SILVER has Made BOTTOM FOR NOW...
Also it is falling in RISING CHANNEL pattern. BREAKING this will give a trend reversal.
THERE IS DIVERGENCE IN RSI, WHICH WILL GIVE SUPPORT AT LOWER LEVELS.
Silver is still in triangular correction on weekly time frame and now it has weekly closed below RK's stop loss line which is a sign for weak sentiments again also weekly macd is about to turn bearish again so we can assume that after completing wave a-b-c-d- now we are unfolding wave e in triangle pattern, which can be last decline before breakout towards north...
Silver is Bearish . But Watch Level 24 For Break & Retest. After Retest Go For Short.Target 23.33.Good Luck. Level 22 & Level 28.5 It's Big Range Of Consolidation In Weekly Time Frame.
HI,
On the basis of astrology Today XAUUSD and XAGUSD can remain in this range, if the market is bullish then the market XAUUSD can go up to $1959 and if bearish then the market can stop around $1935 Buying around these prices and can also sell .
XAGUSD can go up to $25.39 and if bearish then the market can stop around $24.82 Buying around these prices and can also sell .
HI,
On the basis of astrology Today XAUUSD and XAGUSD can remain in this range, if the market is bullish then the market XAUUSD can go up to $1997 and if bearish then the market can stop around $1968 Buying around these prices and can also sell .
XAGUSD can go up to $26.20 and if bearish then the market can stop around 25.44 Buying around these prices and can also sell .
HI,
On the basis of astrology Today XAUUSD and XAGUSD can remain in this range, if the market is bullish then the market XAUUSD can go up to $1997 and if bearish then the market can stop around $1968 Buying around these prices and can also sell .
XAGUSD can go up to $26.17 and if bearish then the market can stop around 25.30. Buying around these prices and can also sell .
Silver has made good base near 22.4 level.. retraced till Fibo 0.5 level and consolidating above 200WMA.. looking strong for breakout above 25.8 for Target 26.8/27.8/29.8
As per above Chart can go long almost 2.7% or above. as per my Study it can be Wave C of bigger Wave 2.
Note - before taking trade please do your own Research.
After sideways correction, Recently Silver started new impulse move, and now setup suggests that probably wave a-b-c decline in wave ii is complete,
Silver retraced nearly 61.8% of the recent rise, also retested its triangular breakout point and recovered sharply.
Once it gives positive close above 0-B trendline (purple resistance trendline) then it confirms that...
Silver is near resistance trendline and as per wave count this would be beginning of wave C in corrective pattern. RSI is also showing rejection from 60 level.
Silver’s U-turn from 50-SMA gains support from downbeat RSI, not oversold, to direct the sellers towards a monthly support line of around $24.50. While the MACD conditions hint at the receding bearish bias and suggest a bounce off the stated trend line support, the 200-SMA level surrounding $24.30 acts as a last defense for the bulls. Should the bright metal drop...
🟢 #Silver taken support near 22.6 zones and bounced strongly.
🟢 RST- SAR system has given bullish reversal signal on D/2D/W
🔵 Buy above 23.05 for TGT of 23.40/23.75/23.95/24.69/25.40
🟢 One may even think of buying Silver ETF avoiding the FnO
