archit_somani

archit_somani

Many Reasons why Silver is an attractive Buy Now : 1. Inverted H&S getting formed, and Buyers patience is getting tested. Moreover Sellers will be Stuck for Long time untill Jan 2025 Mid at these levels 2. Strong support at 32.50, 32.10, 31.80 in Silver 3. Inverted H&S being formed in Silver, and not breaking previous ATH Swing Zone towards downside 4. Iran is...

archit_somani Updated 

Silver after trying to follow hammer action tried breaking 33.40-33.60 region thrice in 3 days, and reversed from this very point.. I suggest buying at 33.40-33.60 for target of 34.85, 35.70, 37 in next 3-5 days.. Keep Strict SL of 33.40, if broken exit the trade or hedge the positions, as next target downside will be 32.50. RSI is also very low for 5min,...

archit_somani Updated 

Technicals point to Drop to 49000 to 48600 for Bank Nifty..

archit_somani Updated 

Gold has had a very Bullish Momentum, and now the story seems to be over before the next leg of upside, if there is for next 1 year. Technical Reasons for being Bearish : 1) Very High RSI on Daily Chart with a Deviation 2) Elliot Wave 5 is finished, and Sub-waves A & B are also finished.. Now Wave C is next, and that will be sharp downside. 3) Triple Top and...

archit_somani Updated 

If whole world says, with Rate Cut Precious Metals would rally, and everyone gets into Buy would the Metals see Bullish Run.. That's not the case.. And with Biggest American banks Selling Silver on Rise, and carrying huge Silver shorts, we would need to hold our horses for Silver to show Steep Gains again.. Sell XAGUSD on 31-31.50 Levels and Buy XAGUSD around 28...