Silver prices are experiencing a robust rally as market sentiment anticipates a slower consumer pace and weakened economic growth heading into the new year. The precious metal, often sought as a safe haven during times of economic uncertainty, is gaining traction as investors navigate an environment marked by concerns about a sluggish consumer and broader economic...
One of the most widely discussed precious metals that has been a sleeper all year (-2.5 %) looks like it is finally waking up again. Silver futures have oftentimes been at the forefront of controversy after multiple failed short squeezes and a series of lower highs and lower lows. Traders often remember the good old days when prices exploded to $50 only to see...
Hello Guys, When trendlines on a chart come closer and meet, forming a triangle, it suggests a period of price consolidation. Watch for a potential breakout, indicating a new market trend.
BREAKOUT COULD BE UPSIDE OR DOWNSIDE.
It's advisable to wait for the price to reach the right level before making any trading decisions.
I will share the level as soon I...
Mcx silver currently standing on a strong bullish trend,n if continue wil achieve 75000+ soon.
On the other hand if market breaks below as shown in image, will down for 71500.
Silver MCX Future - November Intraday Trend Analysis for 17.11.2023
Buy at: 73085.35 with Target 1 - 74443.35 and Target 2 - 75113
Add additional position at: 72878.5,
Sell at: 72671.65 with Target 1 - 72276.65 and Target2 - 71607,
Stoploss:
Buy Position SL: 72650
Sale Position SL: 74000
This Silver MCX Future analysis is for educational purposes and one...
Here are the top 3 trades that we took today in the live trading room.
Micro Gold
Micro Silver
Micro S&P
We used the retest of the opening range to enter the trade and used TrendCloud to map out the price action.
This idea uses Wyckoff theory, Dao Theory and modified Fibonacci.
Currently sitting at a range, prices are being pushed down to a better buying zone before takeoff.
Sold at the -0.383 level shown and it's looking for its proportionate "mirror image" at the 0.382.
If prices move below the 0.5 level this idea should be recalibrated.
The price is moving a bit...
