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...
Silver (XAG/USD) has reacted off a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 22.736 Why we like it: There is a pullback support level Stop Loss: 22.499 Why we like it: There is a swing-low support level Take Profit: 23.527 Why we like it: There is an overlap resistance that aligns close to the...
Preferred direction: SELL Comment: In our extreme trading idea for gold , we assumed growth from current prices (at the 2020 level). However, as we previously assumed in our trading ideas, there is a high probability that 2024 will start with a strengthening of the US dollar. Taking into account the review of the situation, we are forced to consider...
It is possible that the Silver RSI trend line may be retested, indicating a decrease in momentum from buyers. Consequently, there might be a continuous downtrend leading to a price point of $22. It is advisable to prepare for this ongoing downtrend. Sellers can still take advantage of the fresh bear trend on the hourly chart, providing opportunities for short...
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Breakout of the Daily Ascending Trend Line and Completed the Retracement. Completed " AB " Corrective Waves in Long Time Frame and " 12 " Impulsive Waves in Short Time Frame. Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of Lower Trend Line
Silver is close to breaking the 665-day Triangle Pattern. Silver is oversold and undervalued now. They have tried to reduce the price in volume for 2 days, but the price does not accept below 23. From now on the only direction is up. I also expect a big decline on Gold/Silver Ratio. Downtrend on DXY to continue and gold to perform well this week which is good for...
WARNINGS FOR PEOPLE THAT ALWAYS NEED THEM - As a precaution, the first rule of trading is don't lose money. As a reminder, the second rule of trading is don't forget the first rule. As usual, this MUST be used with continuing notes posted throughout duration of this forecast to supplement - NOT REPLACE - your trading discipline and risk management. As always, when...
It seems that silver has found triple bottom support on the RSI, while DXY is showing signs of a strong bear. This suggests that commodity prices may rise, which in turn could send silver to test $24.5 once again. However, if silver fails to clear this area, it could potentially lead to a permanent collapse of silver prices. But for now, this chart is bullish....
Silver (XAG/USD) could fall towards a pullback support and potentially break under this level to drop lower. Sell entry is at 22.884 which is a potential breakout level. Stop loss is at 23.80 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance. Take profit is at 21.991 which is a swing-low support that aligns with a...
Preferred direction: SELL Comment: This currency pair most likely also forms a setup that is not in favor of the dollar. Here, we also expect a short-term fall in the American currency. As we see, before the NFP , the price began to accumulate before reaching the resistance level of 0.85696. In general, pushing the price to the level is a sign of a...
WARNINGS FOR PEOPLE THAT ALWAYS NEED THEM - As a precaution, the first rule of trading is don't lose money. As a reminder, the second rule of trading is don't forget the first rule. As usual, this MUST be used with continuing notes posted throughout duration of this forecast to supplement - NOT REPLACE - your trading discipline and risk management. As always, when...
HELLO TRADERS !!! As I can see this pair has reached at a strong resistance zone we are expecting a drop from this zone to the draw tps my charts always talk it self see other pairs charts updated so it will help alote to understand markets next move its just an trade idea share ur thoughts with us & stay tuned for more updates
My dear friends, Please, find my technical outlook for SILVER below: The price is coiling around a solid key level - 23.191 Bias -Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 23.844 Safe Stop Loss - 22.877 About Used Indicators: The...
✅SILVER retested the Horizontal resistance of 24.00$ From where we are seeing A bearish reaction and I think that the price will Go further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
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I expect gold will cross 2135 high resistance zone and rise to 2200-2230 levels. Then continues uptrend after pulling back to 2135 levels which is the new strong support zone. 2019-2041 has been tested several times and there is a good support. Direction upward from here. I expect downtrend on DXY to continue which is good for gold. Formed Patterns : ...
Gold/Silver Ratio will break the 375-day Triangle Pattern soon. There was a false breakout to the upside last week. Price couldn't break the trend line. Gold/Silver Ratio is expected to go down. Formed Patterns : Shooting Star Candlestick Pattern, Rising Wedge Pattern, Double Top Pattern on the momentum indicator. Scenario 1 : Gold/Silver Ratio quickly goes...