Silver : Range Bound and steep fall in perspective

٨ يوليو

If whole world says, with Rate Cut Precious Metals would rally, and everyone gets into Buy would the Metals see Bullish Run..

That's not the case.. And with Biggest American banks Selling Silver on Rise, and carrying huge Silver shorts, we would need to hold our horses for Silver to show Steep Gains again..

Sell XAGUSD on 31-31.50 Levels and Buy XAGUSD around 28 - 29 Levels..

Any upside or big downside is not in perspective..

Downwards trajectory started for Silver, hold for Short Target Range as discussed..

But with time, and with heavy movements, volatility will increase, due to heavy confusion between Retail & Bulk (Institutional) Traders..

٩ يوليو

ملاحظة

Steep fall as per view, was achieved yesterday..

You'll also see huge volatility happening today, currently.. In Indian market movement is approx 700 points up and down in span of 5-10 mins..

٩ يوليو

ملاحظة

Silver again is having a steep fall after Powell Testimony, as expected..

١٧ يوليو

ملاحظة

Fall came late, as per expectation, but it's happening now..

Silver in 1H Chart has made Triple top, and good fall expected now..

١٨ يوليو

ملاحظة

After Steep fall yesterday, Silver is having Dead Cat Bounce today..

30.70 should be SL and more fall should be targeted..

١٩ يوليو

ملاحظة

After another steep fall yesterday, Silver is heading towards new lows, as expected..

Trumps announcement news to make Bitcoin as Reserve Currency, instead of making Precious Metals as reserve, will have big toll on Gold, Silver, Platinum and will make metals come down running to US Elections..

Crypto currencies will have huge surge, and are taking a step backward, before jumping to new highs..

Stay in Sell side of Silver with an SL of 29.62 (Less Risky Traders), 29.81 (High Risky Traders).. Next target downside should be : 29.34, 29.16, 28.75 for today..

١٩ يوليو

ملاحظة

And the big fall continues.. Target 1 29.34 achieved, Target 2 of 29.16 is about to be broken and sustained.. We head to daily target of 28.75 by end of the day..

Microsoft windows down today, and whole world is facing disruption.. This is also helping in the fall, as Institutional level selling coming when retail is affected..

٢٢ يوليو

ملاحظة

Booking Silver 50% positions here..

Rest Move SL to 29.30.. (SilverMicro : Nov 2024 : Rs. 92400)

٢٢ يوليو

أغلقت الصفقة: تم الوصول للهدف

We have reached downside target, and booking Very good Profit of approximately USD 3.3..

So booking 100% Sell Side, and now waiting for next movement..