#Silver below $60 and at a 5-month low.
After all the retailer-trap “China industrial demand” hype and bullish narratives, #Silver has already retraced nearly 50% from its highs, exactly as I had expected and alerted earlier. The correction, however, does not appear to be over yet.
Expecting further downside toward the $55–$45 zone.
In all scenarios, I don’t see #Silver making a new ATH for at least the next 12–16 months.... Every small 5-10% up move just a selling opportunity.
These lower levels could persist for many months before the next major rally begins. Don’t get trapped by bullish stories and narratives. #Silver #JustSaying
GOLD:
-high was $5600 (above $5587)
-didn't break $8389
-now $4000
But the minimum destination $2400 is still pending.
You must read the comments of this quoted 25 Jan's Gold post, then you will undertand:
-how the crowd react to noise.
-what SweeGlu Elliott Waves is.
Many half-brained and half-knowledgeable analysts on X, without even basic technical knowledge, were excessively bullish on Gold and especially Silver. Many innocent retailers got trapped and bought heavily at the highs. After that, these analysts kept giving buy calls, encouraging people to average at every dip at $90, $80, and $70 #65 ....
The worst part is that many of them are so-called SEBI-registered advisors.
Seriously, idiots.
#GOLD #Silver #JustSaying
#silver has strong base at 54-50
any one looking for long term opportunities in physical or even for traders trading futures this is a very good spot to buy
How about that beautiful Inside Candle? 👌 220 Points up ...Yesterday selloff max coverd in todays candle .
Yesterday: Dump 📉Today: Pump 📈
Retail traders got fooled once again. Stock option premiums were crushed, weak hands got shaken out, and smart money accumulated at lower levels while building fresh long positions for next month.
That's how the game is played.
#Nifty #StockMarket #Trading #InsideCandle #FNO
#JustSaying
GOLD & SILVER: Once the correction began, this chart is how we knew it was likely to be deep and time-consuming. It's one of the main reasons we haven't been instantly jumping onboard bullish calls at every uptick.
Manoj Madhusudhanan took a ₹1.86 crore home loan from ICICI Bank.
As collateral, he handed over his original property documents. Every homebuyer does this. You have no choice.
ICICI Bank sent those documents to their storage facility in Hyderabad via courier. Somewhere on that journey — Bangalore to Hyderabad — the documents vanished.
Gone. Originals. Irreplaceable.
When Manoj found out, ICICI Bank had one answer: it was the courier company's fault. Not ours.
He went to the Banking Ombudsman. They told ICICI to publish a public notice about the loss and pay him ₹25,000 for the trouble.
Twenty-five thousand rupees. For losing the original documents to a ₹1.86 crore property.
Manoj sent a legal notice. ICICI denied any mistake.
He went to the NCDRC.
The apex consumer court looked at the facts. The bank had taken custody of the documents. The bank had chosen the courier. The bank could not hand that liability to a third party and walk away.
ICICI Bank — India's second-largest private bank, ₹9 lakh crore in assets — was held liable. Ordered to obtain reconstructed certified copies, issue an indemnity bond, and pay ₹25 lakh in compensation.
One loan. One lost file. One bank that blamed the courier.
Save this — if your bank loses your original property documents, they cannot blame their courier agent. The documents were in their custody. The liability is theirs. File at your district consumer forum. The law is on your side.
(Source: Manoj Madhusudhanan vs. ICICI Bank Ltd. | NCDRC | LiveLaw, September 2023)
#WATCH | Leh, Ladakh | On alleged Ayodhya Ram Mandir donations embezzlement case, Dr. Raju V Manwani, Chairman & Managing Director, Castles Group Of Companies says, "On behalf of the entire Sindhi community, 200 silver bricks made each weighing one kilogram and were handed over to Champat Rai in Ayodhya on January 26, 2021 for the Ram Temple. We didn't receive a receipt at the time; he said they would first check and decide where and how to use it, and then inform us. We never seriously questioned whether it would go to the temple or elsewhere. However, after watching the news we began to worry—had our silver ended up in the wrong place? That is why we appealed for a receipt and information on where the silver was utilised... If the silver wasn't used for the temple, it is deeply distressing; if a donation intended for the temple is diverted elsewhere, it affects future donors... At the time we donated, the silver was worth around Rs 1.5 to Rs 2 crore; today, its value is Rs 6 to Rs 7 crore. People certainly have the right to ask about the donations they made. Since nothing is impossible under the leadership of Modi and Yogi, if an SIT has been constituted, then at the very least, the culprits who misused this power should be punished..."
$SILVER bulls did not get the close they were hoping for.
This is the first proper close below that descending structure, and that matters. As long as silver stays below it, the risk remains lower.
My highest-probability downside zone remains 54–56.
If that breaks, the next zones are 45–46, then 35–37 as the deeper retrace scenario..
#Gold
In May 2019, when I had given a long term bullish projection. To majority traders it had looked unreal.
It always does.
Projection overwhelm us all.
I’ll share a simple technical learning on Gold and Silver. This warning alert was shared right at the top in #Gold and #Silver in Jan 27th , and now I’m sharing a more detailed view.
This concept applies not only to Gold and Silver, but also to stocks, indices, and most liquid assets with strong trading volumes.
In many cases, major rallies eventually need to revisit or touch the Yearly Bollinger Band. Without that reset, sustaining the rally becomes difficult.
The Gold and Silver rally earlier this year looks like a classic operator-driven move that trapped late buyers. Now both metals appear to be moving toward their Yearly Bollinger Bands touch, which is why the technical pressure remains intense in Gold and Silver.
Key levels:
• Gold Yearly BB: ~$3,600
• Silver Yearly BB: ~$55.6
These are the minimum levels I’m watching for a technical cooldown. From there, either a slow reversal can begin, or if the Bollinger Bands remain untouched, the downside risk could become much more severe in coming years..if that happens Gold and Silver wil be dead few years......But Me personally expecting a simple BB touch and base formation and reversal .
In simple terms: never ignore technicals.
#Gold #Silver #XAUUSD #UKSystem #TechnicalAnalysis #JustSaying Expecting a Like and Retweet from you all..... If you find these insights useful, I'll share more simple technical tips in the future.