Look how nicely Silver respected a solid horizontal supply area on a 4H. We see a strong rejection and a formation of a cup & handle pattern. Odds are high that sellers will push the prices lower now. Goals: 22.75 / 22.55 ❤️Please, support my work with like, thank you!❤️
Hello,Friends! We are now examining the SILVER pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 22.572 level. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 22.951. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 20.512 level. P.S We...
bull divergence on xlm silver using 15min chart look for some movement to the upside as the markets open tomorrow.
Although recently we saw a price rebound in EASYMARKETS:XAGUSD , still, the commodity remains below our 200-day EMA and a short-term downside resistance line drawn from the high of December 3rd. That said, in order to continue aiming lower, a break below the 22.51 hurdle, marked near the lows of December 13th and January 11th, would be needed. Until then, we will...
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Hello,Friends! Bearish trend on SILVER, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 22.468. ✅LIKE AND COMMENT MY IDEAS✅
✅SILVER is going down now After the price broke the Rising support line so I am bearish biased and I think that we will see A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
HEADER - I started this series in September 2022 when Bank of England made the first move. This is the closure that this series deserve. SUMMARY - The following are the posts that nailed the 1610 turn 40 days ahead and forecasted the macro move to today: 1) DRAFT 1, 10/03/22, 4-hour bar, that warned of the incoming turn: 2) PART 2, 11/06/22, 90-min bar,...
HELLO TRADERS,,, As i can see this chart is performing a harmonic pattern H & S and a clear view that this pair still in range for a very big incoming move Israeli and GAZA Tensions are escalating more & more Day by Day investors and traders are looking for safe-haven Gold already break 2000 level and looking for making a new all time higher high silver has also...
Falling Wedge broke upwards and started major bullish trend on 4 hour chart. This week I expect a big rise in gold and downtrend on DXY to continue which is good for gold. Intermediate-term price target of 2427-2465 has been opened. Price Target in Intermediate-term (6 weeks-9 months) : $2427-2465 Price Target in Long Term (More than 9 months) : $3000 ...
Silver is oversold and undervalued now. Falling Wedge broke upwards and started the bullish trend. On the weekly chart, the 21-day SMA will cross the 50-day SMA next week. It means a major bullish trend will begin with expected break of 676-day major Triangle. I also expect a big decline on Gold/Silver Ratio and DXY which is good for silver. Formed Patterns : ...
OANDA:XAGUSD has been sold heavily with yesterday's CPI numbers. Hotter CPI than expected numbers increased the probability of postponing the start of rate cuts to a later than March. With this expectation, OANDA:XAUUSD and OANDA:XAGUSD were sold with the initial reaction and then they saw some recovery. Silver might have bottomed out. Why? TVC:US10Y ...
Preferred direction: BUY Comment: As we know today, the first NFP this year. However, we also expect data on the US labor market from Canada. If for other instruments we expect a short-term fall in the American currency based on the technical picture, then in the case of this currency pair, not everything is so clear. The main reason, of course, is the same...
Hello,Traders! SILVER broke the rising Support line and is forming A kind of a bearish flag Pattern beneath the broken Line so we are locally bearish Biased and we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Silver (XAG/USD) has reacted off a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 22.884 which is a pullback support. Stop loss is at 22.300 which is a level that sits under a swing-low support. Take profit is at 23.520 which is a level that aligns with an overlap resistance that sits close to the 50.0% Fibonacci...
Hello,Friends! We are now examining the SILVER pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 24.394 level. ✅LIKE AND COMMENT MY IDEAS✅
Preferred direction: SELL Comment: The picture is absolutely the same for silver as for gold . A fall is also expected here. The technical setup and volume accumulation indicate an upcoming downward impulse. It should be noted that the short-trade for this metal is one of the most promising at the moment within the framework of the general strengthening of...