Technical outlook and chart setups: Silver has pushed through the fibonacci 0.786 resistance levels around $15.60 for now. The metal is seen to be producing a bearish evening star candlestick pattern at the moment, indicating a potential pullback lower. It is hence recommended to remain flat for now, while aggressive trade setup could be to initiate short positions, with risk at $15.65 levels. Immediate support is seen at $15.10/15 levels, followed by $14.90, $14.40/50 and lower while resistance is seen at $15.90 levels, followed by $16.40 and higher respectively.
Trading recommendations: Remain flat for now. Aggressive setup is to initiate short positions with stop at $15.65, target $15.00. and 14.80 lower Good luck!
Trade closed: target reached
⋅
Target Achived
Comments
Rupesh003
⋅
DEAR FRIEND ALL GIVEN TARGET ARE ACHIVED SUCESFULLY,
HOPE ALL OF YOU MADE MORE PROFITS. BOOK PROFIT AND EXIT.
Rupesh003
⋅
Silver made low 15.22
Rupesh003
⋅
Book partial profit and trail stop loss to 15.30
Rupesh003
⋅
IF SILVER HIT SL THEN >>>>>>>>>>>> TARGET ARE 15.90 AND HIGHER AND LOOK FOR CLOSE WEEKLY REVERSAL
HOPE ALL OF YOU MADE MORE PROFITS. BOOK PROFIT AND EXIT.