Silver weekly predictions
SILVER SPOT (XAG/USD) AND FUTURE FORECAST FOR NEXT WEEK
SILVER spot trading below all its averages on chart that shows bearish momentum for this commodity.MACD and RSI continues with there sell signals.on downside we see targets of $30.25 and then $28.40 in next week and stoploss for this trade will be $32.90.lower tops and bottoms cycle is continue on daily chart.unstable economic forecasts(CHINA) and comeback of european fear will be major factors that will triggers selling in precious metals.above chart also shows lower band target of 29.80 for medium term.
on MCX silver remain under pressure till date in this month and unable to cross 57,400.now near our target of 55,400 and then next target on downside will be 53,900.on chart we in uptrend silver move slowly but when profit booking comes we see intense selling that shows fear in investors and traders!!56,600-56,800 is good entry point to create new short while 52,000 is best deal for long term for long side!!
Great website. A lot of useful information here. I’m sending it to several pals ans additionally sharing in delicious. And certainly, thank you on your sweat!
You recognize therefore considerably relating to this matter, made me in my opinion consider it from a lot of varied angles. Its like men and women are not interested until it’s something to accomplish with Lady gaga! Your personal stuffs outstanding. At all times care for it up!
Hello there, just turned into aware of your blog thru Google, and found that it is truly informative. I am gonna watch out for brussels. I’ll appreciate when you proceed this in future. Lots of other people will probably be benefited from your writing. Cheers!