I see this commodity positively bullish, now the price is stuck in the SND area and I try to provide Fibo Retracement, and the results are quite supporting this analysis to find the long area. There are 2 SND areas that are quite striking here, where the SND area intersects with Fibo 0.618 and 0.236, and the 0.236 Fibo area is also close to the bullish trendline,...
Silver stabilizing above 24.98 will support rising to touch 25.16 then 25.35 then 25.53 stabilizing under 24.98 will support falling to touch 24.65 and then 24.50 Pivot Price: 24.98 Resistance prices: 25.16 & 25.35 & 25.53 Support prices: 24.65 & 24.50 & 24.20 timeframe: 4H
silver's movement still tends to be bullish, although in the last 2 days there has been compression where the candle that is formed is small and lacking in content, but structurally it still forms a new HH. there is still a possibility to continue the bullish trend slowly.
Last week was a good one also for Silver, with the price managing to break above two important resistances: 23:20 and 24:50. Now XagUsd is trading comfortably above the latter, which should provide support now. That being said, dips in the 24.50 zone should be bought and the target could be set in the previous high zone around 26. Negation comes with a daily close...
Silver is a precious metal that has long been valued for its versatility, beauty, and rarity. Its unique properties have made it an important material for both monetary and industrial uses. While silver is often overshadowed by gold in terms of investment appeal, it has its own unique investment potential that should not be overlooked. Based on the data from The...
Similar to Gold, CPI also triggered a resistance break for Silver, unlike Gold though, yesterday XagUsd has broken also above another important level... At this moment chart structure is very bullish and we could expect another rally to 26 recent high. 24.50 old resistance is now support and in this zone, traders should look for buying opportunities.
looking at the analysis based on the elliot notation for silver, it looks like it is currently in the beginning of a bullish trend, you can take part in going long by placing a pending order in the SnD area that has been readjusted according to your analysis.
Hi Traders! Our Silver ascending channel opportunity (LINK TO ORIGINAL IDEA BELOW) from a few days ago worked to perfection, and the market agreed with our bullish view. The 23.228 was finally broken with momentum, and we had a massive bull rally to our profit target of 24.000 to fulfil our opportunity. We are now trading just above the 24.000 level. There is...
Multiple time frame analysis for Silver. Price action & key levels. Directional bias and thoughts. ❤️Please, support this video with like and comment!❤️
Silver is in a bullish trend. It had higher highs and higher closes. Price is coiling up before expansion by creating a consolidation zone following bullish momentum. We expect pullback to support and fibo level and look for buying opportunities. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
if this is an a-b-c correction and wave c is usually the same length as wave a, then there is a high probability that XAG will go down. This is signaled by the current price at the trendline and strong resistance area. if XAG turns out to respond positively to the trendline and makes a strong bearish signal, then it is likely to go to fibo extension 1.
Welcome back! Let me know your thoughts in the comments! ** XAGUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Hi Traders! There is a potential double top pattern forming on the Silver 4H chart. This depends on the very important level on the chart, which is 23.091. Originally, we had a price rejection at 23.091, which we marked on the chart. The price rejection formed a price channel to the downside; there was then a break of this channel in an attempt to re-test...
China, the global powerhouse, has recently witnessed an astounding surge in solar demand, skyrocketing by a remarkable 14%! This tremendous growth is a testament to the country's commitment to clean energy and sustainability. As investors, we can capitalize on this upward trajectory and positively impact our portfolios and the environment. In addition to the...
Our favorite shiny metal, silver, is gearing up for another potential bounce off the MA50, and I couldn't be more thrilled about the possibilities it presents. As avid silver traders, we have witnessed the power of technical analysis and the significance of key moving averages. The MA50 has proven to be a reliable indicator, acting as a strong support level for...
I am thrilled to share some exciting news - silver has just hit a golden cross! For those unfamiliar with the term, a golden cross is a technical analysis term that occurs when the 50-day moving average exceeds the 200-day moving average. This bullish signal indicates a potential upward trend in the price of silver. This is fantastic news for all who have...