(Using 3-Day candles for visibility only. Consult weekly/daily yourself) I have an open call on Gold in that I believe a new high will be set, but it won't actually be bullish, because metals are going to dump pretty hard in the future and try to make retail sell their bullion. Gold - When A New ATH Prints, Will You Get Trapped? I hadn't paid a lot of...
- Silver's uptrend remains intact techincally speaking, as long as its plenty of supports below are there to enforce uptrend resumption. A decent Demand Zone as well just in case TVC:DXY starts flying by the next Feds Interest Rate Hikes decision after a Month of Breath, making Financial Markets turn around. For now, in the short term Silver may be struggling a...
Taking Profits on Silver at Golden Zone of Trend Fibbonnaci Retracement set on *Weekly (tf). For a full chart break-down and incoming targets, (check idea 'Weekly Uptrend Outlook) We're looking for Short set ups in the short-term at 0.618 acting as resistance (fake break-out may occur) Buy setups incoming with 0.618 being broken with decent volume and waiting...
SILVER is getting very close to a strong technical support at $22. It coincides with the lower trend line of the parallel channel (white) and also a lot of pivot lows at this level.. Short term traders can buy it at $22 for a quick bounce to $23.. Aggressive traders can hold till $24.. If $22 support fails, next support level is $21.23.. keep it tight stop loss..
TVC:SILVER rallying to the upside & revealing its Bullish inclinations ahead of key Global Economic events. Fibonacci Extension doing a great job identifying key Demand/Supply zones to watch for smaller-timeframe trend rejection/continuations. Dashed horizontal lines (~25.26/~22.21) highlight key Make or Break levels for longer duration Swing Trades. Golden...
Preferred direction: BUY Comment: Trades in metals also need to be adjusted. There is also an activation of purchases here and, most likely, the instrument will soon be able to overcome the current resistance and recover to the resistance of 1912. Thank you for like and share your views!
XAG - silver - hitting some key support points on the daily graph, with valid signs for a reversal on Stochastic too, RSI still not there yet but at least small reversal up until 200-day MAs is in order.
The silver price is nearing the end of green wave 4, expected to conclude within the $22.90 to $23.62 target range. After this, a substantial decline is anticipated in the form of green wave 5, projecting a drop below the $22.14 support level. This decline will also mark the conclusion of the overarching orange wave iii. The target zone is suitable for short...
Here is my latest structure analysis for Silver. Horizontal Structures Resistance 1: 24.03 - 24.13 area Resistance 2: 24.75 - 24.84 area Support 1: 22.74 - 23.01 area Support 2: 22.11 - 22.25 area Vertical Structures Vertical Resistance 1: Falling trend line Consider these structures for pullback/breakout trading. ❤️Please, support my work with like,...
Preferred direction: SELL Comment: In the first half of this week, an update of local lows for gold is also expected. For this metal, there is a potential for falling to 1800. As for silver, the amplitude of the price movement there is more likely to be smaller, more compressed. Thank you for like and share your views!
Preferred direction: SELL Comment: The US dollar continues to put pressure on the Australian dollar, namely, the squeeze to the level of 0.63750 most likely indicates the seller's intention to continue falling prices. The downside potential is located at the levels of 0.63500 and 0.63000. Thank you for like and share your views!
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if you look at the price movement last week, there is a possibility that a reversal will occur. I still use the Eliot Wave notation a few weeks ago with the assumption that the price will be bullish with the invalid area boundary below. if the area is violated then the elliot wave notation will change and the trend will probably be a complex correction wave.
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 22.297. ✅LIKE AND COMMENT MY IDEAS✅
Strong Trend Line in white for Silver I expect rare metals to perform well if a recession occurs. Price sitting right above the strong trend line. Bullish on this Weekly timeframe.
I believe we are in wave (3) of of c. It has been difficult to define what was going on at the lowest levels of time. In doing so, I tagged the result of 1-2 waves, anticipating a decrease in wave 3 of 3 of (3) anytime soon. However, the big plunge may never occur because the price continues to roll gradually down through levels.
The price consolidated on the solid level of support. Within the outlined scenario, I consider it to be wave (iv) before the terminal (v) in of W. In the chart below, I indicated that wave ideally would need to reach 100% of in length. It will be sufficient, although Silver tends to go wild in terminal moves and overshoot such targets.
Preferred direction: SELL Comment: The British pound continues to be under pressure from the American as well, and we are going strictly according to plan 2, in the previously published trading idea. Now the price is close to 1.26989, the key support at the moment, at which one should expect a downward impulse. Stop losses of buyers will generate a sharp drop,...