Gold & Silver Setting up for an Attractive New Entry Point

[adiefendal]

Gold & Silver Setting up for an Attractive New Entry Point

 

[stockzilla]

Yes it seems to be atleast for gold not very bullish about silver as it seems to be on a very shaky ground. But yes you can expect a rise in Diwali & then deep downward momemnt after that till the coming of next financial year.

 

[ashwani chadha]

after deep fall since long, they are in consolidating mod,but on upper side,so we may expect upper side rise,but during this period almost 4% gain in both ,smart money has taken,it may also be possible that now they continue accumulating,but on the dewali they off load all accumulation at indians head,and immediate after that a fall start

 

[sidvsk]

I have bought silver dec at 61710 (1 lot).can I expect the price of silver to rise upto that level. Or what are my options so that I can avoid loss. Please suggest me.

 

[looser]

I have bought silver dec at 61710 (1 lot).can I expect the price of silver to rise upto that level. Or what are my options so that I can avoid loss. Please suggest me.

This is how silver looking on hourly TF. Intermediate trend is down and what i can figure out is we are forming a continuation pattern. Better book ur loss otherwise it will hurt u more. And if u wanna wait then u can keep the lower Blue line as ur Stop Loss.

I leave it on ur discreation.

PS: I m not a pro, just trying to convey what i know