Silver

[MFTRADER]

After hovering above 26.00 congestion area ,and forming triangle pattern ,silver has broken this pattern to the upside,this move could be a start for bigger covering upside move ,the first resistance is 38.2% placed at 30.80 ,near very important and psychological level: 31.00 .

[aamu]

silver be boht acha or best pair ha ya be both sara profit data ha es laya agr ap ka accoutn main boht sara balance ha to ap be es pair ko used kar sakt ahoo or boht sara prfoit earned kar sakta hoon.

[bu'd]

of drawing the picture above. may I ask when should I sell and buy?sorry if I'm wrong. please understand I am a newbie

[khaled24]

Silver as seen in the chart is bounded between the two resistance and support levels @ 28.16 (61.8%) and @ 27.78 (38.6%) respectively , now i think that the pair will move down and face the indicated support level , if the pair broke this level then we have to sell it with target @ 27.55 (23.6%) and if the pair bounced of this support level then we can buy the pair with target @ the indicated resistance level , Good Luck

[vampire]

I see the consolidation first here. Look, this consolidation still appear near that 23.6 fibo at near price 27.86. The Stoch condition till now still look bearish, so, because of this, I see the more bearish probably here again if then price can break don more that Strong Low fibo (26.76) of course. Look, we can see that till now - the big trend on this silver pair still on bearish, of course.
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[pinkubond33]

ne more success on yesterday , this go up and hit the 50 pips more now today sell pending order at 38.19 tip 50 pips or this may go down to 37.12 lets see and tell me the success..............

[Maham Gill]

Main ye thread SILVER ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.

bahi main an aj tak silver par be trading nahi ke ha esi waja sa q k main newbie hoon es wjaa sa mauaj es pair par boht zada experience nahi ha or amin trading main boht sara profit be earned nahi kar pa rha ahoon or mauaj trading main kafi maza a rhaha ha.

[ashaab]

Silver reversed to the downside affected by the minor resistance of 27.70, reflecting that the upside momentum is insufficient to retest the critical resistance of 28.05. The downside movement might continue today affected by the main resistance of the descending channel shown above. A breach of 27.45 is necessary to confirm the bearishness, where this level represents an ascending support level as shown above in pink.



Recommendation : Based on the charts and explanations above, our opinion is selling silver around 28.00 and taking profit in stages at 27.45, 27.20 and 26.15 and stop loss below 29.05 might be appropriate

[vampire]

The Silver till now also look on bearish trend of course. We can see the price can break down to that 23.6 fibo (27.86) = break from top, I see. And we can see too that stoch now look bearish - with this condition = Yes, I see the nice Sell OP here and I see the max. bearish for this silver can be touch to that Low fibo (26.76) of course.
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[ashaab]

As shown above on the 4-hour interval, we find the silver reversed to the downside, while the metal attempts to settle again below EMA 20, which weakens the formation of the double bottom pattern and strengthens the effect of the descending channel. RSI attempts to confirm the breach of the 50-point level. Therefore, we expect a downside movement during the rest of the session today, taking into consideration that a breach of 29.05 might significantly bring the positivity back.



Recommendation : Based on the charts and explanations above, our opinion is selling silver around 28.00 and taking profit in stages at 27.45, 27.20 and 26.15 and stop loss below 29.05 might be appropriate