Hello,Friends! Previous week’s red candle means that for us the SILVER pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 23.854. ✅LIKE AND COMMENT MY IDEAS✅
Preferred direction: SELL Comment: Yesterday's trading idea in short gold has already begun to work out. Everything is unchanged here, we stick to the previous course. Also, during the opening of the European session, the same entry point was formed for shorts on silver. This metal is also expected to fall to the level of 22.80. Thank you for like and share...
Preferred direction: SELL Comment: The looking for shorts for the British continues. Previously, our ideas for sell for this currency pair worked out perfectly, you can also find them in the profile. The nearest target of the fall is 1.26989, from where sellers will develop downward movement. There is also a possibility of a false breakdown at the local...
Preferred direction: BUY Comment: This currency pair was looked for a promising short not so long ago, however, the buyer still manifests itself and most likely the growth will continue. Remember that on the market, trader should be flexible! Level 0.87757 is now considered as the first target, which is unlikely to delay the buyer for a long time and the...
OANDA:XAGUSD has been beaten as bond yields are rising and Nasdaq is falling. But it reach to a good support point. There are three signals for a potential support here. We are at the band of the rising trend. First monthly pivotal support First pivotal resistance point for OANDA:XAUXAG Let's see if this support points holds or the price falls to...
The gold price is nearing the demand and break-even zone, leading to sellers closing their positions and buyers entering the market. Just do it
Waiting for a retest of 24.03681 to short XAGUSD back to 4H key level at 22.72148 If you agree drop a like and if you have any questions leave a comment :)
I spent the last few weeks out of trading as I attempted to identify the start of an ending diagonal based on what I saw on lower timeframes in anticipation of the [A ] [B ] [C ] flat. With the decline that happened last week, I am now open to three alternatives. Black Labels [A ] [B ] [C ]. Wave [C ] is an expanding diagonal with wave b already completed....
In Silver, the picture appears to be a little clearer than in Gold, since the price appears to have formed a definite (W)(X)(Y) pattern, with (X) being a symmetrical triangle. Such a pattern is the best candidate for wave [2 ] of the expected diagonal. Unless the price keeps drilling and forming a smaller diagonal pointed downwards I am fairly confident that the...
Are you ready for a new week of trading? Let's delve into the analysis of GOLD (XAUUSD) using the 4-hour chart and assess our expectations for the upcoming period. The current price action of XAUUSD is exhibiting several signs that suggest another downward movement in the beginning of this week, possibly leading the price to reach the bottom of the trading range...
Last week we achieved the following results. 3% overall. The automatic trades did not do as well. The manual trades closed with profit. At the moment only this trade is open: Open Date Symbol Action Open Price SL (Price) 08.04.2023 15:02 EURCHF Buy 0.96149 0.95489 In the coming weeks, fewer trades will be introduced due to the holiday period. News that stood...
Preferred direction: BUY Comment: Analysis for metal is working out exactly and after the publication of data on the labor market, the instrument headed towards the previously set goals. To continue the upward momentum, buyers must at least close above the level of 1938.915. In general, medium-term goals are in favor of buyers so far, as we said earlier. ...
Top-down analysis for silver. Potential scenarios. Trading recommendations. ❤️Please, support this video with like and comment!❤️
Hello,Friends! The BB lower band is nearby so SILVER is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 25.019. ✅LIKE AND COMMENT MY IDEAS✅
Silver has been trading inside of a falling wedge since April 2022, battered by an increasingly-hawkish fed. Despite a formidable collapse in the biggest inflation driver, oil, CPI and PPI reports are shaping up to be a continuation of the trend; worsening inflation. With any weakness in oil likely to be temporary given our macro environment, it's easy to...
Preferred direction: BUY Comment: The plan for gold has fully worked out, and now, just like with the euro, you can start looking for buy-positions. At the moment, the focus of our attention stays near the level of 1938.915. However, before the growth, another small downward impulse is expected, at which the price may reach the level of 1920. The medium-term...
In our preceding discussion on silver, we delved into the dynamics of supply and demand, highlighting the deficit in supply compared to demand throughout 2022. In addition to that, we talked about how this opportunity, coupled with some other factors, could present an interesting opportunity to go long silver. Since then, the price of silver rose from around...
#SILVER... so we told you in our last idea about silver that 23.56 is the key level for now, now you can check the importance of 23.56 on day chart and in 4 hours as well, only weakness below that level in hour chart can leads you towards downside areas otherwise not. trade wisely good luck