22/05/2017, 06.06 p.m.
comex hourly silver chart
Just before few minutes, silver gave upward breakout on comex hourly chart. Resistance was placed at 17.38, on 21st day of May, price tried to break this resistance but failed, making falls breakout. but at the moment it again broke the resistance with good steam. Looking at the move and volume we can confidentally say that price can sustain above the resistance line. so trade accordingly, dont remain short in silver.
Thanking you, Jay Shriram.
Final update, 22nd May 2017, 08.49 p.m
we booked only 100 points profit and made exit because I dont like silver movement after breakout. It has lack of steam in it.
Thank you, enjoy 3000 rupees, Jay shriram.
The Gold rate took reverse trend from its resistance point of the 34600 on this Tuesday and if rate, sustains below the 34100 in a future session, then the 33900 will perform as a next instant support point as well as down scenario will stay active.
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