Since Mid June 2021, Gold move sideways between 1721.66-1834.2. And for traders who still wanna trade this gold now, I give you some trade ideas like in the chart. You have remind yourself that Gold now under bearish bias. The chance is price can drag down again around 1834.2, so be careful when market already near or around that level.
Good luck then.
Pair Name : XAGUSD (SILVER)
TimeFrame : Daily
Direction : Long
Type : Swing
Target Range : 250 Pips
Hit TP1 +50 Pips
More upside Possible
Neat and clean chart with clear setup, no junk on...
Chances are good that the silver price will still increase a little bit further and approach an area just below $25.50. With this move, the orange wave number iv should be completed, and the market should be able to continue its journey to territories below $20.
Good day guys! This is just an update in regards to this trade I put out over in the morning. We did get the RSI divergence to the zone that was marked and our entries were placed. We are currently up 118+ pips in profit. If you were able to get into this position, be sure to trail your SL into profit. Do not be surprised if you see price head higher to form a...
For the beginning weekend, we would like to share our long-term outlook for the silver market. Here, we expect the price to fall all the way down between $18.62 - $13.70. The first major hurdle will be to leave the triangle at $25, as there is a 40% that the curve turns around there and starts the alternative breakout scenario which would bring the price up above...
After the recent drop, the gold price was not able to recover. As long as the price stays above $1761, we expect the curve to slope upwards again. However, the alternative with its 45% probability is waiting just around the corner to pull the price further down south.
New entries are coming!
The bears have returned to the silver market and are finally working on realizing our primary scenario. We expect the silver price to drop under $24.04 and stabilize there before further moves down south are going to follow. In detail, we expect the price to fall between $18.62-$13.70.
Yesterday's long recommendation was validated by the Market, Gold still remaining exactly in the middle of the rising trend channel. Therefore, in the medium term I keep my prediction long, although at the American reopening, some volatility is possible during the first session.
GOLD was in the middle of the ascending canal, but also in the area of 1900, a very important level. In my opinion, he will probe this level for a while, after which he will choose the ascending direction. Long Gold for now!
As you can see from the past analysis left on the chart, gold is in a rising channel. However, given the volatility and the unit of time analyzed, there may still be days in which it decreases. But as long as it stays in the area of this channel, and if we do not trade Intra-day, the prediction for Gold is Long.
We have reached an important region by crossing the line at $1879. Next, the gold price should move downward again. If the gold price remains above $1799 it should keep its bullish orientation and prices of $1951 should be realistic after turning between $1839 - $1823.
We wish you a great start to the week!
We have reached the area around $28.935, where we expected the silver price to turn and move down South. If the price stays below that threshold there is no reason for us to change that expectation, though above that mark we would adjust the probability of the alternative scenario to 45%. In the longer run, we expect the silver price to fall below $24.04.