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Mcxsilver

Silver Price Analysis: Exploring Resistance, CP, Volume, Events Upon analyzing the chart, it is evident that silver has been trading within a parallel channel for almost a year, indicating a well-defined price range. In the previous trading session, the price of silver reached the resistance line of this channel. For short-term traders, a critical resistance level to watch is 74060. If this level is not surpassed convincingly, it could lead to a potential downturn towards the control price (CP) line. It is worth noting that silver has yet to test the CP line and the 100-day moving average (MA) successfully. Taking into consideration the parallel channel pattern, it suggests that silver prices may experience a decline towards levels around 73000 , 71800 , and 71360 . Furthermore, volume plays a significant role in the current scenario. Short-term investors should be cautious and await a successful breakout of the channel for a potential upside move towards price levels of 74900 , 75560 , and even exceeding 76800 . Monitoring the volume and price action closely will provide further insights into the market direction and potential trading opportunities. As a market participant, it is important to closely monitor the following market-moving events, as they have the potential to impact the prices of gold, silver, crude oil, and natural gas: Monday, Jun 12, 2023 23:30 Federal Budget Balance (May) and Note Auctions: These events have a medium impact and can provide insights into the economic health of the country, potentially influencing investor sentiment and market movements. Tuesday, Jun 13, 2023 11:30 Employment & Unemployment, Avg Earning Index, Claimant Count Change: These medium-impact events provide crucial data on the labor market, which can have a significant effect on commodity prices. 18:00 CPI and Core CPI: These high-impact events reveal the inflation rate, which is closely watched by traders as it can impact the value of commodities. Wednesday, Jun 14, 2023 02:00 API Weekly Crude Oil Stock: This medium-impact event discloses the inventory levels of crude oil, which can influence crude oil prices. 18:00 PPI and Core PPI: These medium-impact events measure changes in producer prices and can affect commodity prices. 20:00 Crude Oil Inventories: This high-impact event reports the weekly changes in crude oil stocks, which can impact the price of crude oil. 23:30 Fed Interest Rate Decision & Projection, and FOMC Economic Projections & Statement: These high-impact events provide insights into the monetary policy decisions of the Federal Reserve, which can have a broad impact on commodity markets. Thursday, Jun 15, 2023 00:00 FOMC Press Conference: This medium-impact event involves a press conference following the Federal Reserve's interest rate decision, providing further context and potential market-moving statements. 18:00 Import Prices MoM & YoY: This low-impact event reports changes in import prices, which can indirectly affect commodity prices. 20:00 EIA Natural Gas Stocks Change: This low-impact event reveals the weekly changes in natural gas inventories, potentially impacting natural gas prices. Friday, Jun 16, 2023 01:30 Net Long-term TIC Flows: This low-impact event discloses the flows of international capital, which can have an indirect impact on commodity markets. 17:15 Fed Waller Speech: This low-impact event involves a speech by a Federal Reserve official, which may provide insights into monetary policy and influence market sentiment. 19:30 Michigan Consumer Sentiment: This medium-impact event measures consumer confidence, which can affect demand for commodities. Monitoring these events will help traders and investors stay informed about potential catalysts that can impact the prices of gold, silver, crude oil, and natural gas.
MCX:SILVER1!Long
by freestocktips
Silver's Price Outlook: Targets for Uptrend and Downtrend ScenarThe resistance level at 67160 is a critical level for silver's trend, as it will determine whether the current uptrend will continue or a downtrend may be expected. If the price manages to break and sustain above the resistance level, it suggests a continuation of the uptrend, with potential upside targets at 68360 , 68760 , and even as high as 69300+ . However, it's important to note that these targets are not guaranteed and depend on the price's ability to overcome the resistance level. On the other hand, if the price fails to break above the resistance, we may expect a potential downtrend. In this scenario, downside targets may include 65600 and 65060 below the critical resistance level.
MCX:SILVER1!
by freestocktips
The key pressure of silver anti-pumping, short positions may sho Silver quickly turned around on Friday after just breaking the previous low. It followed gold to rebound and rise at night. It has now risen to the key pressure area. If there is no hope of breaking here, the bears will appear again. For silver operation, it is recommended to sell at 20.76, risk control at 20.92, and the target is 20.38~20.26. Silver is bearish for several reasons: 1. Although silver rebounded on Friday, the upper suppression has not been broken, so there is a risk of retracement under the dual pressure of the channel and the golden section. 2. According to my personal analysis, the rise started at 19.88 on Friday. As for whether the 2-wave retracement is over, it depends on whether the market will fall below the bottom again in the past two days. The possibility of the end of the decline increases. 3. The intraday pressure is 20.87~21.00, supported at 20.38~20.26. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
OANDA:XAGUSDShort
by Crazylambboy
The silver rally is coming to an end, bears may make another vic The fingers kept tapping the keyboard, the eyes seemed to be staring at the computer intently, but sometimes the mind was already wandering, and suddenly became a late sleeper, occasionally thinking about what I did this day and what remains to be done, for fear of What is missing in life, maybe the spirit is too tense, maybe too much to worry about it, a kind of love and liking make everything so fulfilling! In the short term, silver's rebound is coming to an end, and there are signs of resistance near 20.19, which has been emphasized yesterday, so today's bears may continue to decline. For silver operation, it is recommended to sell at 20.16, risk control at 20.32, and the target is 19.70~19.45. Silver is bearish for several reasons: 1. The low level of silver has been adjusted for two days, and the two counterattacks by the bulls ended in failure, so we still look at the downside. 2. According to my personal analysis, the decline of wave 2 has not been completed, and the market will continue to bottom out. 3. The intraday pressure is 20.19~20.32, supported at 19.45~19.20. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
OANDA:XAGUSDShort
by Crazylambboy
1
Silver continues to fall, wait for shorts to enter Talented people do not necessarily have good opportunities; being underappreciated requires less lamentation and more reflection. There is no need to be impetuous in life; the more others look down on you; you have to calm down and examine your own objective conditions before you may find a way that suits your talents. If a person wants to achieve success in his own business, he will be unable to achieve anything if he has the shortcomings of frivolity and impatience; he needs a serious and down-to-earth style to do anything Like gold, silver has not fluctuated much during the day. At present, it has rebounded slightly and the short trend remains unchanged. After waiting for the rebound in the evening, it will remain bearish at high altitudes. The operation of silver is recommended to sell at 20.19, risk control 20.35, and the target is 19.70~19.45. Silver is bearish for several reasons: 1. The temporary stagnation of silver yesterday was just to repair the big drop, so it is still mainly bearish here. 2. According to my personal analysis, the decline of wave 2 has not been completed, and the market will continue to bottom out. 3. The intraday pressure is 20.22~20.43, supported at 19.45~19.20. Join me and I will guide you to a profitable trade 💵!
OANDA:XAGUSDShort
by Crazylambboy
Near non-farm payrolls, silver decline will not be reversed for Miss a car, we can wait, miss a meal, we can date, miss a person, maybe a lifetime, miss an opportunity, maybe another life! Then a very strange problem arises. Many people are looking for opportunities, but when the opportunities come, they refuse and evade in various ways! Will the opportunity tell you: "Catch me, I can make you money, I can turn your life around!" Impossible! There are also some people who are even more strange. They know that this is an opportunity, but they find it difficult after they try it. They deny themselves and think that they can’t do it, so they give up. In fact, opportunities are equal in front of everyone. See if you can grasp it. And stick to it! Cherish the opportunity, good fortune will come The trend of silver yesterday was in line with expectations. After the rebound, it will test again or even fall below the previous low, so don’t grab the rebound within the day. No one can guarantee whether there is room for rebound or it will directly fall below. Why put yourself in danger . For silver operation, it is recommended to sell at 20.19, risk control at 20.35, and the target is 19.70~19.45. Silver is bearish for several reasons: 1. The temporary stagnation of silver yesterday was just to repair the big drop, so it is still mainly bearish here. 2. According to my personal analysis, the decline of wave 2 has not been completed, and the market will continue to bottom out. 3. The intraday pressure is 20.22~20.43, supported at 19.45~19.20. Join me and I will guide you to a profitable trade 💵!
OANDA:XAGUSDShort
by Crazylambboy
2
Silver adjustment falls, the second operation opportunity is clo Silver and gold basically have no movement within the day. At present, the price has begun to fall, and the original upside -up idea is unchanged. Waiting for today to go back to the place to enter the market more. Silver operation recommendation 20.85 buy, 4.70 risk control, target 21.30 ~ 21.41 ~ 21.67 Black silver is based on the following reasons: 1. Silver shocks have not made a long time, so wait more after waiting to fall in place. 2. According to my personal analysis, the decline of 2 wave A has ended, and the rebound of 2 wave B is only the second half of the first stage. 3. The pressure within the day is 21.40 ~ 21.67, and the support is 20.85 ~ 20.70. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
COMEX:SI1!Long
by Crazylambboy
Crude oil rises as scheduled, waiting for the bottom to enter th Crude oil rushes as scheduled. After the continuation of the rise within day, it has begun to fall. Falling is an opportunity to start to enter. The plan of crude oil is that low -view buying unchanged. Crude oil operations are recommended to buy 79.95, risk control 79.50, target 81 ~ 81.60 ~ 82.60. Crude oil is based on the following reasons: 1. Crude oil yesterday continued the closure of the Yang Line to retreat, but the trend was still. 2. According to my analysis, the market breaks through 78.60 means that the decline trend has not appeared as expected, which means that the Z wave 3 I thought about before It shows that the initial decline in the early stage is over. The shocking bottom can only be upgraded inside the rebound X waves starting at 70.08. 3. During the daily pressure 80.60 ~ 81.50 ~ 82.60, support 80 ~ 79.50 Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
TVC:USOILLong
by Crazylambboy
Silver fell into a retreat and needs to wait for an opportunity It is important to choose a good path, but without the confidence to keep going, you will not succeed. A lot of things just happen in one thought, so when we decide anything, we have to think about it more. The choice is important, but the persistence after the decision is even more important. No matter what choice you make, stick to it and you will achieve something. Silver was in a retreat all day yesterday, and its short-term uptrend was suppressed. At present, if the bulls cannot appear today, a second bottoming will be launched in the short term, so the overall long-term opportunity will have to wait for the key support below. For silver operation, it is recommended to buy at 20.85, risk control at 20.70, and target 21.30~21.41~21.67. Silver is bullish for several reasons: 1. Silver fluctuated upwards and did not appear to be bullish, so wait for it to fall back in place and look bullish again. 2. According to my analysis, the decline of Wave 2 A has ended, and the rebound of Wave 2 B is only in the second half of the first stage. 3. The intraday pressure is 21.40~21.67, supported at 20.85~20.70. Hello traders, if you have better ideas and suggestions, welcome to leave a message below, I will be very happy
COMEX:SI1!Long
by Crazylambboy
Silver breaks the position and rises, the upper space opens Diligence and perseverance are indispensable on the road to success, but if a person wants to achieve greater achievements, he must also be able to assess the situation and be flexible when things happen. Silver did not give us an ideal position to enter the market on Friday and rose directly. The first wave of more than 20.7 singles continued to hold and look up, and waited for the rebound within the day to continue to be bullish. For silver operation, it is recommended to buy at 21.05, risk control at 20.89, and target 21.40~21.67. Silver is bullish for several reasons: 1. The opportunity to go long at 20.70 given by silver in the early stage appeared once, and then the bulls were in a state of slowly rising, and there is still room for unfinished bulls. 2. The intraday pressure is 21.40~21.67, supported at 21.05~20.89. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
COMEX:SI1!Long
by Crazylambboy
Silver bulls extend, new highs likely again A person, the only one who can grasp hope is himself, and the only one who can give up hope is himself. Resentment and jealousy will only make you lose more. Regardless of success or failure, we all have reasons to applaud ourselves! It doesn't matter if you fall down, get up and continue the journey, then just sing and go. Silver did not give new opportunities to go long on Friday, so if those who hold long positions continue to hold the floating profit list, although the short-term rise is slow, there is still room above. For silver operation, it is recommended to buy at 21.09, risk control at 20.93, and target at 21.40~21.67. Silver is bullish for several reasons: 1. The opportunity to go long at 20.70 given by silver in the early stage appeared once, and then the bulls were in a state of slowly rising, and there is still room for the bulls to be completed. 2. According to my analysis, the decline of Wave 2 A has ended, and the rebound of Wave 2 B is only in the second half of the first stage. 3. The intraday pressure is 21.40~21.67, supported at 21.09~20.95. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
COMEX:SI1!Long
by Crazylambboy
Silver fluctuates and builds a bottom, and it falls back waiting There are many tribulations in life, so we should not be overly sensitive to every slight injury. In the face of the hardships of life, mental strength and indifference are our best weapons against evil and accidents in life. The opportunity to go long in silver at 20.70 yesterday appeared once, and at the same time, short-term profits can also be made. It is still in the bottoming stage of shocks, so repetitions will still occur, so today we still maintain a low-buy thinking. For silver operation, it is recommended to buy at 20.70, risk control at 20.54, and target at 21.20~21.40. Silver is bullish for several reasons: 1. Silver successfully bottomed out yesterday, and the bulls still have the opportunity to continue to rise. 2. The intraday pressure is 21.20~21.40, supported at 20.70~20.53. Please continue to pay attention to my analysis and sharing. If you have better opinions, welcome to discuss together COMEX:SI1!
COMEX:SI1!Long
by Crazylambboy
1
Part 2: Silver will touch 69200 levels again?Key level: 62110 On 6 June 2021, I had drawn a chart of silver ( ). Wherein, I've shown the silver can collapse up to 0.618 . It has made a low of 62184 and touched 0.618 levels of retracement. If MCX silver crossover and close below the level of 62110 , it will try to hit 60000 - 58900 - 57260 levels. Otherwise, it will take a bounce back from here and come back to the 65800 - 69200 levels. Please note, don’t forget to watch significant releases or events mentioned in the last update of crude oil that may affect the movement of gold, silver, and crude oil. URL:
MCX:SILVER1!
by freestocktips
3
MCX Silver Trading Strategy for the Intraday TradersSilver is growing slowly. According to this chart, silver is trying to move upside from the strong support trendline. It's a potential reversal point based on a support trendline. Currently, it has broken a strong support trendline. We have chances to see a tail , fakeout , or excess here. That can be up to a hurdle. And the hurdle breakout is a direct sign of a downtrend. After all, 200 MA is recommending further advance here. So, we can pick the silver mega lot for the targets of 63000 - 63360 - 63660 - 64000+ . Safe traders can wait for a 50 MA breakout before entering as well.
MCX:SILVER1!Long
by freestocktips