Good After noon Friends
before Non Form Payroll 06:00
Before talk to Silver tec anlysis We Like to talk about Histroy repeat himself. With take cues from USDINR
Silver price keeps fluctuating near 18.50 level and it gets good positive support from the 4HOURLY CHARTS MA50 AROUND 18.05. Notice that provides positive overlapping signal that we wait to motivate the price to breach the mentioned level then opening the way towards the extension of the wave on the short-term basis. In general, we keep preferring the in the upcoming period conditioned by holding above 18.05 reminding you that our main targets that begin at 19.00 then 19.38. Be aware that breaching 18.05 will push the price to test 17.13 level and might reach to 17.03 before any new attempt to rise. The expected trading range for today is between 18.00 support and 18.50 resistance.
THIS IS MY PERSONAL VIEW OR PREDICTION
BEFORE ANY TRADE PLEASE DO SELF ANLYSIS
The silver price shows slight bearish bias in its way to continue the decline and test the critical support at 17.43. We prefer the bearish trend scenario in the upcoming sessions on the stability of the price below 18.30. The expected decline is temporary, where a breach of 18.30 represents the key of regaining the main bullish trend. You should be aware that a break of 17.43 and 17.20 levels will push the price to 16.56 levels before any new attempt to rise. The expected trading range for today is between the 17.70 support and the 18.10 resistance.
Yestarday Silver Make Swing Low and Pullback upto 18.40 levels again.
AND GOLD MAKE A NEW FRESH HIGH APPROX 1280 LEVELS.
ALTHOUGH MARKET IS VERY TIGHT BUT STILL BLOW OR TESTING MAZOR RESSITANCE ZONE. THESE RESSITANCE ARE BREAK AND HOLD ABOVE WITH MONTHLY LEVELS ARE ONLY WILL BE VALID. WITHOUT ANY CLOSE WITH MONTHLY LEVELS ARE BUYING ARE VERY RISKY.
SO KEEP EYE ON THESE WHITE AND YELLOW METELS.
ACCORDING TO VIEW ONLY CLOSE ABOVE WITH MONTHLY LEVELS IS SAFE BUYING ZONE.
I STILL STAY SHORT WITH STRICT STOP LOSS 18.50 TO 18.60