MCX SILVER- Forecasting The Future Move

11 янв. 2021 г.

Here's the daily chart of the MCX SILVER. It started to rise from the 18th of March 2020. But currently, it's moving downside. It's a short time fall. After the particular level, it will start to move upside again. It may fall up to the support. And from that point, there will be a reversal in the trend. Targets for the future upside movement of the trend are the following 66000 - 69600.

But if it falls by crossing the support, then it will hit the 57900. After hitting 57900, there will be a reversal in the trend. If the trend crosses the 57900, then this level will react as the hurdle. The targets for the downside movement are the following 55930 - 55000.