Silver will touch 69200 levels this week?

free commodity silver chart tips

Is it a good time to take a long position in silver?

According to the previous data, it has breaks 2021’s support trendline. But the price has bounced off from the 200 moving average. And it’s not crossing the 0.886 value of retracement. Hence, at the present silver trading range is between 73222 – 69076 levels.

This week silver may collapse up to 0.786 ( TP: 70660 – 70000 – 69200 ). And hurdle is 73222 level…

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MCX Gold & Silver Intraday Tips & Update

free commodity silver tips chart

MCX Silver Will Touch 68000?

Volume accumulation is confirming a downtrend. Here, the price is in a downtrend. But if you look for the short-term, silver price has started rising nearby the retracement value of 0.382. We may see a bullish reversal from the 0.236 value for 0.382 to 0.5.

MCX silver futures prices may hike to the levels of 66000 – 66600 – 67000 – 68000.

Overall, a clear trend will identify after moving averages crossover.

free mcx gold 4-hourly chart & tips

Gold: Profit Booking Time

How many of you bought gold?
Article: MCX Gold & Gold Spot Price Ready For Another Rally Attempt (1 Day Ago)

I have written in clear words, “MCX gold will move upward gently this week. Hence, intraday traders can jump between the range of 45200 – 45300. Targets: 45560 – 45680“.

Gold has made a high of 45680 today at 5:24 PM and touched all targets.
Approx. profit: Rs.38,000 per lot

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Silver Price 2021 Roadmap

free commodity silver daily chart tips

According to the date range on MCX Silver daily chart, it’s changing the trend after every 46 bars.

If silver does not crossover 88.60% of fib retracement before completing 46 bars, we may expect a downtrend ahead. It can collapse up to 61000 to 55765. Here, targets for intraday traders: 67500 – 65600 – 63660

Or if it breaks the 88.60%, then silver will make a new high. And it will start raising & hit the following levels: 75000 – 77000 – 80000+

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MCX SILVER – MA, EMA, & DMI [Buy Now]

free commodity silver 15m chart tips

Silver has broken the dynamic resistance & triangle formation. According to MA, EMA, & DMI, silver will run to reach 68800 – 69000 levels.

It will start falling after breaking the hurdle/support line. How much? 68000 – 67600 below.

Accurate entry-level, stop loss, and targets are available for premium members only.
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MCX Silver: Intraday trading strategy & tips

free commodity silver 15m chart tips

This is MCX Silvermini 15 minutes chart. I have used here moving average, Fibonacci, DMI, and RSI.

Fib Levels: T 71496 and B 65664

Silver will try to touch 0.382 (67892) from here. It will act as resistance. Moreover, there is a 50 MA. If silver breaks both, it will fly from there and touch 68580 levels. Intraday traders can play between it.

But if it takes a U-turn from 50 MA and breaks the 20 EMA, be ready for the following targets: 67060 – 66600.

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MCX Gold & Silver Spot Prepare For Another Price Advance

free commodity gold daily tips chart

Determining the MCX Gold Price Next Big Move

According to this chart, gold has started falling from August month. Doji appearing in the last trading session. It’s signaling a possible reversal. If gold follows the dynamic resistance, we may see a continuous downtrend. That can be up to 0.5 (47300) to 0.618 (45200) of Fib retracement.

Fib retracement (reverse):
Swing High: 56191
Swing Low: 38400

Here’s ADX less than 25, and +DI is above the -DI . Additionally, 200 MA & 50 MA is throwing uptrend signals. If we follow the moving average, gold may try to hit 51000 – 51990 (0.236) levels.

Intraday traders should watch dynamic resistance before entering.

free commodity silver spot chart signals

Silver Follow Up & Future Predictions For 2020 & 2021 – Part I

Here I have used Gann fan and Fibonacci on Silver sport to identify the current trend.

Fib Retracement:
Top: $29.90
Bottom: $11.64

If silver remains above the 78.6% level, the target will be $27 – $27.8

And if it goes inside 8/1 or remains below 78.6% level, we will see the silver price at 0.618 value of fib retracement. The day traders can use the following levels as targets: $25 – $24 – $23

According to DMI, ADX is less than 25 but turning up. And +DI is signaling an upside rally. Technically, silver is a further advance.

For advance traders, watch significant releases or events that may affect the movement of gold , silver & crude oil:
Monday, Dec 21, 2020:

  • 12:00 – Gold Index

Wednesday, Dec 23, 2020:

  • 3:00 – API Weekly Crude Oil Stock
  • 21:00 – Crude Oil Inventories, EIA Refinery Crude Runs (WoW), Crude Oil Imports, and Cushing Crude Oil Inventories
  • 21:30 – Natural Gas Storage

Accurate entry-level, target and stop-loss are available for premium members only.
Would you like to get MCX trading tips during market hours?

Subscribe now and get 50% OFF on commodity pricing plans: Click here →

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