Pair : XAGUSD ( Silver / U.S Dollar ) Description : Falling Wedge as an Corrective Pattern in Short Time Frame with the Rejection from the Upper Trend Line. Completed " ABC " Corrective Waves and " 12 " Impulsive Waves. We have Break of Structure and Retracement
Silver (XAG/USD) could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 23.293 which is a pullback resistance that aligns with a confluence of Fibonacci levels i.e. the 50.0% retracement and the 61.8% projection. Stop loss is at 23.720 which is a level that sits above an overlap resistance that aligns with...
The 4 hourly Silver chart is showing initial signs of a potential inverse head and shoulders pattern. With confirmation of this pattern, I will be looking for a long position at 22.50. My target will be a long position towards the 23.50 resistance and supply zone.
Hi Traders! SILVER has broken below the neckline break in its head-and-shoulders pattern, and there is a possibility for a continuation to the downside if the market continues to stay below the neckline. Here are the details: After the initial momentum break below the neckline, the market is now retesting the neckline as resistance, and the 20 EMA has lined up...
#SILVER.. very smoothly bounced from your area that was 22.01 as i told you in my perveious ideas, now upside market at our resistance area that is mentioned in light red box you can see. so guys now keep close that area because if market hold it then drop expected from here otherwise not. it should hold this red box in hour and 4 hour chart for again drop...
Preferred direction: SELL Comment: At the start of the new trading week, our market mood remains unchanged. Last week passed virtually without changes in medium-term trading. The priority for purchasing American currency remains. In principle, everything is formed for the euro , and we are ready for a fall. However, only the market itself knows when exactly...
#SILVER... so guys market at his most tradeable area 22.01 you can watch marekt daily and weekly charts 22 figure area is most tradeable in history since 2020 arround.. keep close it because if market hold it then only scnerios is in buying favor otherwise not at all. focus on that area and manage accordingly guys, it will play key role again as you ca see in...
Hello,Friends! We are targeting the 21.949 level area with our short trade on SILVER which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Traders! SILVER is trading in a Downtrend and the price Broke the key horizontal Level of 22.635 which is Now a resistance and Silver is now about to Retest it so I am locally Bearish biased and I think That we will see a Local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Please, check our technical outlook for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 22.715. Considering the today's price action, probabilities will be high to see a movement to 21.101. P.S The term oversold refers to a condition where an asset...
Please, check our technical outlook for SILVER. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 22.011. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 22.844 level. P.S Please, note that...
#SILVER.. well guys market hold his bottom in morning and bounced back towards his resistance area, and now again creating volume for next move. keep close my line that is your resistance area now.. if hold it then drop expected and above that it will be invalid.. keep close and stay sharp.. a big move expected .. IF HOLD.. trade wisely good luck
Preferred direction: SELL Comment: Further declines are also expected for silver. Previously, we indicated two options for a sell transaction on this instrument. And about the script now in work. The trade has already been moved to breakeven and even part of the profit has been fixed. At the moment, one can consider short-term trades also in the direction of...
✅SILVER is trading along The massive long-term Rising support line And the price will soon Retest it so I think That we will see a Local bullish rebound LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Here is our detailed technical review for SILVER. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 22.906. Taking into consideration the structure & trend analysis, I believe that the market will reach 23.317 level soon. P.S Overbought describes a period of...
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SILVER - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long SILVER Entry - 22.619 Sl - 22.308 Tp - 23.336 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Momentum at low levels and positive but weakened a bit in the last day. So there may be a few days of consolidation. Price in Descending Channel and it will be breakout if price reach to 2050 with volume. I don't expect a 70% retest of the 2005 level. Then gold will go towards the short-term target of 2130. Formed Patterns : Descending Channel Price Target...