The trading range for today is expected among the key support at 30.30 and key resistance at 33.00.
The short-term trend is to the upside with steady weekly closing above 26.00 targeting 50.00
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The trading range for today is expected among the key support at 30.30 and key resistance at 33.00.
The short-term trend is to the upside with steady weekly closing above 26.00 targeting 50.00
Elliott: irregular flat correction up 32.52
Uptrend is still intact in a triangle configuration. It should continue to rally to 32.56 or 32.53 if support around 32.15 hold. After which a pullback to 32.15 - 32.01 zone is possible.
Warning: Imminent end of bullish move
Technical points
Key point 32.4200
Entry point 32.0000
Elliott 31.6100
Closing 32.2600
Projection 32.8000
Trendline 31.7800
Trendline 31.8100
Supports / Resistances
Res 2 32.8100
Ex-High 32.4200
Res 1 32.5300
Pivot 32.1500
Sup 1 31.8700
Ex-Low 31.7600
Sup 2 31.4800
It is possible to move lower, approaching the daily pivot at 32.13. But, the trend is still in a bull, so I might say that Silver will be rise again today. The resistance level at 32.50 can be the reasonable target for today.
Silver continue move up and make a new highest level, and the recor highest level until now is 32.47. It's predicted rise again and can touch weekly ressistance 1 level (32.51). But condition of stochastic signal in tf h1 still shown in overbought area, so that can affect for price to retrace down before continue up again.
Expected trading range for today is between: Support 31.50 Resistance 33.50
General tendency is expected for today: neutral
Elliott: flat correction down 32.01
Should test support at 32.08 while below 32.27. If support at 32.08 holds it can rise up to 32.56, if not it should fall to below 31.89 zone.
Technical points
Key point 32.1100
Entry point 32.3900
Elliott 32.6700
Closing 32.2700
Projection 32.0100
Trendline 32.0700
Trendline 32.6100
Supports / Resistances
Res 2 32.8500
Ex-High 32.6700
Res 1 32.5600
Pivot 32.3700
Sup 1 32.0800
Ex-Low 32.1900
Sup 2 31.8900
The silver is now try to change direction. Testing the MA 100 line, if successful,silver will fall to as low as 31.88. But if fails, silver will try to reach yesterday's high at 32.65.
Main ye thread SILVER ke discussion ke liye bana raha hain.but one thing is sure that is " if you want to enter with buy order for long term then you never book loss.
Today, silver opened under daily pivot level (32.36). Price still get pressure after in previous day, it's fell down from 32.65. It's predicted go down again today following short term trend that shown down. Price may touch 31.88 as daily ressistance 2 level.
Level 33.30, 34.40, and 35.00 is the target of a series of resistance to the current bullish for silver.