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.
XAGUSDK trade ideas
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.
SilverIf 25$ is sustain we can go up. In other case we will touch 22$ and then bounce back. Time will tell.
Silver eyes yearly bottom on breaking key support confluenceSilver finally follows gold while breaking short-term support confluence near $26.30, which in turn drags it towards late January lows. Although oversold RSI on four-hour (4H) chart probes the metal sellers, a sustained break of the key support, coupled with the bearish MACD suggests further downside of the commodity prices. As a result, the $25.50 and the $25.00 may offer intermediate halts during the quote’s south-run targeting the yearly low of $24.13.
If at all the bullion regains above the previous support near $26.30, it needs to clear a downward sloping trend line from Thursday to reject the bearish hopes. Also acting as upside filters are the $27.00 round-figure and February top surrounding $28.30. Overall, silver is up for grabs should the sellers welcome the latest support break.
XAGUSD ANALYSIS BY DHANUSHKUMAR MMonthly 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.
