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Silver Mcx

9 Jun 2020 ‚óŹ 07:36 AM

The silver MCX prices move up from the 20 DMA at 47,687 then the move could be wave 3 of 3, reason being that the most recent rally for shorter than the 1st wave that ended in April. In the short-term we cannot rule out that the consolidation continues to 45,800, however sometimes prices take support at the midpoint and extend higher. If that happens then 3 = 1 = 59,284 would be close to the top end of the rising channel that is still holding good.

sd 090620

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