Dear Community,
today we are presenting you a pretty nice buy setup for Silver, which, in all fairness looks quite promising. However, this is the third take on Silver so we emphasize that there is a chance that we won't get it right this time either - but, third time lucky as they say!
Strong Reversal In A Bulish Market
The direction has been bullish all the...
Silver is trying to break above the Inverse S/H/S bottoms neckline near 18.00 and more importantly above resistance at 18.51. If the later is broken too, then a rally towards the measured S/H/S target at 22.94 should be expected as a minimum, but this rally could easily extend higher towards 25.10.
The Inverse S/H/S neckline at 18.00 will now shift from...
It's starts on a small angle climbing a little here and there. By the time precious metals are popular again prices will be 30% higher. Get in early and enjoy the ride.
Awaiting next impulse move to the upside. Bearish momentum of the corrective structure seems to be dying, so the start of the next impulse is just around the corner. However there is possibility of another wave down to complete a triple three pattern. Nonetheless the plan is to buy any pullback.
I am expecting a Drop on H4 Due to Following Reasons
Symetrical Triangle Breakout
Upward Rejection
High Volume
H4 Short Does not Gonna Affect Monthly Silver Gains
Consolidating at this area for a long time
Let us see how this trade goes
Silver currently trading near the level of 16.25, If Silver holds above the level of 16.42 which is the 100 days MA we short for a short term upsurge very quick to the level of 20.70. Currently facing the resistance zone of 16.42. Any close above it shall see a rocket to the above said levels.
SILVER is expected to SINK now.
The reason why we feel SILVER may SINK.
* On weekly basis it has just started SINKING
* To Rise and come near 14.98 levels
* Stoch RSI (3,3,14,Close) is SINKING.
* RSI (14,CLOSE) is SINKING.
* CCI (20,CLOSE) is SINKING.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our SELL call...
silver ? well so expensive right nw . If Im a rich man i would not buy it now .. so just short sell it until hit 14.55. then buy it with cheaper price . Finally sell it around 16.5..
SILVER is expected to SINK.
There are many reason why we feel it may ......
* BEARISH ENGULFING in WEEKLY Chart.
* To SINK and come near 14
* Stoch RSI (3,3,14,Close) clearly states it may SINK.
* RSI(14,CLOSE) Is also of the same view.
* CCI(20,CLOSE) Is also saying the same.
Keeping all the above indicators in view along with the chart pattern we expect it...
XAGUSD is expected to sink now.
There are many reason why we feel it may sink.
01. It has not sustained quarterly buy level.
02. Pinball in daily Chart.
03. To sink and come near quarterly sell level of 14.12
04. Stoch RSI (3,3,14,Close) clearly states it may sink.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is also sinking.
Keeping all...
