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Silver closed last week 20.79, last week, the lowest price 20.42, already broken a low of 20.5 in October 15th, the weekly chart is still downward trend, the daily 4 hours is severely oversold, short-term rebound, next week I choose to buy bargain, near 20.6, 20.4 stop loss, profit only 21.2
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The metals market has been trading in the red even as global economic data shows a stronger recovery than previously expected. Gold traders remain focused on the December Federal Reserve meeting once again trying to our guess Mr. Bernanke, who will oversee his last meeting as Janet Yellen takes over the Chairmanship in January. Gold is trading at 1269.60 down about $2.00 this morning following Tuesday’s decline. Gold fell around 1.2 percent yesterday on the back of expectations that Federal Reserve will begin its QE tapering program sooner than estimated. Further, declining trend in SPDR gold holdings added downside pressure on prices. Gold prices are expected to continue the downtrend over weak physical and investment demand. US bond yields rose to two month high on tapering concerns which hurt the investment demand for gold as rising yields offer attractive returns over gold, which bears no interest rates. US mint silver yearly coin sales rise to record high, indicating stronger physical demand for silver over gold. A Fed official said on Tuesday that a possibility of stimulus withdrawal by Fed in December could not be ruled out completely.
Last edited by murtaza afzal; 2013-11-16 at 08:23 PM.
main na silver pa trading kabahi nahi ki hai kiyo ka mujhe silver ko analysis karna main kafi difficulties ko face Karna parta hay plus mara koi friends bhi asa nahi hay jo ka silver pa mujhe koi updates da sakain .
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
today i like to buy silver @ 20.60
my stop loss of the day @ 20.46
half take profit for today @ 20.72
and further half take profit @ 20.80
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
silver last days analysis of the market with two indicator adx wilder(14) & adx(14).the value of two different indicator shows us that
adx wilder(14) level
style : 26.74
+di : 23.71
-di : 12.25
adx(14) level
adx : 21.38
+di : 16.33
-di : 9.62
timeframe : m15
time : 1600 gmt
market trend : slightly bearish
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Silver technical analysis
date : 11.15.2013
time : 16:45 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 54.95
2) MACD (26,12,9)
value: 0.0195
3) ADX (14)
value: 24.95
4)CCI(14)
value: 25.35
overall trend - slightly bullish.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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