SILVER/XAGUSD ANALYSIS MAY 2021

PREVIOUS ANALYSIS

https://rajtechanalysis.blogspot.com/2021/04/silverxagusd-analysis-april-2021.html

16-MAY-2021

12-MAY-2021

11-MAY-2021

02-MAY-2021

SILVER/XAGUSD ANALYSIS APRIL 2021

03-APR-2021

CMP: 24.948; RES: 29.85; SUP: 21.65/11.625

UPSIDE TARGETS: 39.89-44.19, 51.14-53.8

Downside extension can be 21.14, 23.15.

If 21.65 holds support, we can see big reversal and min TP 29.84.

Alt downside TP 21.9-19.97

SILVER/XAGUSD ANALYSIS FEBRUARY 2021

CMP: 28.43; RES: 29.85; SUP: 11.62;

Silver completed it's correction at 21.65? Or  waiting for new low for big reversal?

SILVER/XAGUSD Analysis January 2021

ANALYSIS 29-Jan-2021

CMP: 26.381; RES: 28.28/29.85

Based on Daily chart, as long as the above resistances hold,

we can see 

1. 23.168-22.875-22.377

2. 20.836-20.285-9.72

3. 18.585-17.786-16.967.

Reversal 1st target 29.844

ANALYSIS 26-Jan-2021

CMP: 25.322; RES: 26.05/27.91/29.89

Below 24.13, we can see 22.85, 19.72, 17.8

Analysis 22-Jan-2021

CMP: 25.49; Res: 26.05/27.91
Downisde targets: 24.67, 23.83, 22.49.

ANALYSIS 18-Jan-2021 

CMP: 24.986; RES: 27.913; SUP: 24.13
If 24.13 supports we can see 25.03, 25.58, 26.02, 26.47, 26.80...

WEEKEND Analysis 16-Jan-2021

CMP: 24.756; RES: 27.914; 29.844; SUP: 24.326/21.65
SMALL RES: 25.883
As long as the above resistances hold, we can see 22.85, 22.12, 21.65, 20.757, 19.72, 18.585, 17.786.

ANALYSIS 08-Jan-2021

CMP: 27.02; Res: 27.35/27.89; Sup: 26.89

Break of 26.89, we can see 26.55, 26.23, 26.03, 25.71 

 

ANALYSIS 5-Jan-2021

CMP: 27.32;Res: 29.85; Sup: 21.61
Silver is trading in a range between 21.6-29.85.

As long it is in this range, we can see more complex correction.
Upside target zone for this up move is 27.27-27.91. Silver is already trading in the target zone.

Any break of 26.21, we can see more fall.

There are two scenarios I am watching as of now.
1. Triangle and takes support of 21.61 n big rise.
2. If break of 21.61, we can see 19.7/17.

Silver: Is bottom in place or another low before big up move? 30-Jan-2020

CMP: 17.6; Res: 18/18.34/18.84; Sup: 16.5
As long as 18/18.34 resists, we can still see some more down move 17.39 again and further 17.2-17.1.
Reversal from this level with support of 16.5, 1st target 18.84.

Silver Analysis 26-Jan-2020

CMP: 18.09; Sup: 17.71/17.55; Res: 18.16
Will Res 18.16/21 hold?
As long as 17.71 supports, we can see some more upside towards 18.2-18.3-18.46...

Silver: Resistance 18.16 holds. 23-Jan-2020

CMP: 17.77; Res: 18.16
As long as 18.16 res holds, lower targets are still possible.
Targets: 17.67-17.63, 17.5-17.4, 17.34, 17.19-17.09

Silver: Primary Scenario: Bear? 21-Jan-2020

CMP: 187.01; Res: 18.16/18.21; Sup: 17.64
As long as 18.16/18.21 holds resistance and a break of 17.89, we will see more fall.
Targets: 17.75-17.64 (initial), 17.5-17.39-17.34(Normal), 17.19-17.09-17.05(extension).

Break of 18.21 Bull. Analysis will be revised.

NOTE: Forgot to upload chart.

Silver: Are we going down? 20-Jan-2020

CMP: 18.03; Res: 18.15; Sup: 17.89

Break of the trendlines and 17.89, we cna see 17.75-17.67, 17.5-17.39-17.34, 17.19-17.09-17.05...
Reversal with the support of 16.5, will be big up move which will break 18.84 first.

GOLD, SILVER: Bull OR Bear 19-Jan-2020

Gold:

CMP:  1557.x; Res: 1561; Sup: 1547.
As long as 1547 supports, we can see 1570-75. As of now buyers strict SL 1547.

Silver:

CMP: 18.01; Res: 18.16/21; Sup: 17.64/55
1. If 17.64 is end of correction, it can move up and break 18.84
2. If still correction is in place, we can see again 17.64 and further 17.39-17.21.
3. Alternatively, it can move up towards 18.4 and fall to 17.4 before big rise.

There is no clear indication for both Gold and Silver as of now. Will update as the market move on.

Silver Analysis Bull OR Bear? 16-Jan-2020

CMP: 17.85; Res: 18.03/18.13; Sup: 17.69/17.63
As long as Silver resisted by the above resistances, we can see 17.63 again. And further 17.54-17.47-17.39 and further 17.19-17.07 as extension.

SILVER: More downside left? 14-Jan-2020

CMP: 17.72; Res: 18.13/18.84; Sup: 16.5
As long as 18.13 resists, more fall can be seen.
Downside targets: 17.47, 17.39-17.31, 17.19, 17.05.

Reversal 1st target 18.84...

Silver Analysis 13-Jan-2020

CMP: 18.01; Res: 18.84; Sup: 17.77/16.5
1. If Silver supported by 17.77, we can see 18.18, 18.3, 18.43-18.53-18.59...
2. As long as 18.84 resisted we will see 17.77 again and furhter 17.67, 17.39, 17.19...
3. Reversal from the above levels, 1st target 18.84. Furthter targets will be udpated later.