As I said yesterday, I expect 23.50 support to hold and bulls can target 25 for their long trades. Silver was very well bid yesterday all through the day and every dip was bought. Now Silver is trading 1% above 24 figure and I expect a new challenge of 25 soon. A break above 24.30 should accelerate gains towards this target
It seems that Silver OANDA:XAGUSD is forming a Head & Shoulders pattern on a 3 hour time frame. This seems to be running against the expectation of a pending rally in precious metals.
Silver (AUD)- Daily chart. Likely respect 50% retracement.
Silver also had a drop yesterday and exactly like Gold, stopped in the interim support at 23.50 in its case. And although at this point the price looks bearish, my long term outlook hasn't changed. I will remain bullish as long as the price stays above 23 and I expect 26 to be reached in the medium-term Dips towards this zone should be bought and only a dive under...
Our short-term sell Silver idea with our stop loss, take profits and 'sell more' levels
As always, when things are not so clear with Gold, I look at Silver, is more technical and often gives me "clues" As I said in a previous analysis, unlike Gold, Silver didn't made a new local low this week and stopped in strong 22 support. This week was finished with a bullish engulfing from this support and adding this fact to the bull trend that we are already...
breakout or trend line or breakdown of support just do it
Gold & Silver - Gold finds support at the Fibonacci 50% ratio retracement level. In Gold - The bearish run could end here or gold could progress to the 38.2 % ratio retrace at $1,688. Silver is also at such a key level. Bang on the 61.8% ratio and a classic double bottom pattern resides here for a phenomenally strong confluence of support at this stage. I was...
Hey tradomaniacs, in this chart I show you where I will look for potential BUYS. Current treasury-topic in the U.S is putting GOLD and SILVER under pressure as higher yields are a good alternative to no-interest-assests such as metalls. I will wait for a retest of this area of SILVER breaks through the current low and support-zone. LEAVE A LIKE AND A...
Hello team, silver has given us a beautiful continuation pattern. kindly follow me so you don't miss out on great opportunities
SILVER looks to be winding up towards the end of the next consolidation period, with a move in the next few days likely. A move up could take us back to $25.50 and a move down could take us to $22 and change. Worth watching over the next few hours.
We like to hedge by Buying Silver and selling Gold: Gold is already at all time highs , but Silver is not even half of it's previous highs (2011) Silver, the 'Cinderella Gold' is a semiconductor - thus rises with technology Silver rises and drops togethjer with Gold, thus allowing us to have a beautiful hedging opportunity for the next few months
TVC:SILVER SILVER NEED TO CLOSE ABOVE THE RED LINE FOR UPSIDE TO RESUME. SELL FROM CMP TILL THE RED LINE AS MARKED WITH A STOP ON CLOSING BASIS ABOVE THE RED LINE. SILVER IF HOLDS THE STOP WILL HEAD TO THE LOWER END OF THE BOX TILL THE BLUE LINE.
Sell Silver M at 60280 Stop Loss 60510 Target 59380 / 58400 Fibonacci and Gann always rocks follow us support us and research with us
True to form for a head and shoulders pattern, the first move outside of its recent pattern has been to the downside. This is one to watch, because if there is a retest of the recent support followed by a rejection, there could be a short-term sell trade on the table.
SILVER is pointing to the US Elections as being the time for a next move. The trends im looking at seem to point to a move down, but the trend is only your friend until the end, and then he’s a heartless scumbag. Which way do you think it will go?