XAG/USD (Silver)
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Thread: XAG/USD (Silver)

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    XAG/USD (Silver)

    Thread for XAG/USD discussion - latest news, technical analysis, forecasts and opinions.

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    The daily pivot of the silver is 26.54 , the trend of the silver is strong looking the bearish because the the price moving down under the daily pivot , and market retesting of s1 we may can use for the entry point and we can extend the levls , because strong sentiment of bearish bias

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    The bearish is running very smoothly at the silver from now , guys dont forget that what i have said yesterday about and its really happens we got sstill price understand DP so means lot of selling , market remain under 23 level we would can take others opportunity to sell , prices have break daily's supports

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    i have plotted in chart a arrow which is showing that here we have the hammer in the chart which is only means in down trend the selling now reverse .
    whereas we have the support by it at the level 22.131 so above it more likely tendency is that more bulls rally would wana take place

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    hammer pattern gets no respect and now market break it , now price are below daily pivot area, so hence the overall bearish momentum in the market will continue

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    Silver is under pressure of selling and now silver break key level which was 21.393 , more expected level to be seen is the 20.299 , break of the 23.030-50 floor can cause for bulls movement

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    more likely market will bounce towards the level of the 23.6 fib level because market start falling again , silver don't have any nearest support at bigger time frame , more likely it would drop today more

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    Silver has made this year new lower which we can , the prices whereas in the 2010 market is ready to test , whereas the CCI directly pointing to the downward more so here we can also have the short entry , key level is the 18.786

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    Since market open today though prices try to go above the daily pivot area which is the 18.847 but not able to yet maintain it , as we have talk about year new low so market is following still bearish bias for us , more likely S1 and S2 can be seen in game today

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    The prices are taking rebound towards the level 50.0 zone and market over here not able to get test , then after market gets back to the level 38.2 fib level now if the market get break through the level 23.6 fib level , then 0 fib level is expected to be seen..

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