In this update we review the current price pattern in Silver and identify a high probability trading opportunity
Hey traders, Bullish rally on Silver continues. Yesterday the price broke and closed above a major daily supply zone. Now 24.4 - 24.9 is a demand area from where I will look for buying opportunities. Next strong resistance is 25.7 - 26.0 zone. ❤️Please, support this idea with like and comment!❤️
Silver is making a inverse head and shoulder on the daily chart and currently 200 Dma is a acting as resistance. If it sustains above the 200 DMA then we can have a breakthrough above the neckline for further bullish momentum.
As it clearly seems,in short term AGXUSD emerged a head and shoulders pattern, so it would be a good bullish position by considering 22.5$ as LP an 28$ as TP. Also it has high potential to raise until 50$ if it breaks the channel and makes a flag pattern.
As you may have noticed, I'm strongly bullish Gold&Silver and in Silver cases, I draw attention to a possible H&S a few days ago. At this moment the pattern is complete and we also can consider the neck-line broken. I expect continuation to the up-side and only Silver back under 23.50 would change my bullish outlook
XAGUSD has formed an inverse head and shoulders in daily timeframe which is strong indicator that the price will reach higher levels.
It is increasingly looking good for the First Majestic stock, as the price is further moving away from its support at $12.56. Below that mark, we would experience a decline under $10. However, we trust the bulls here to make significant advances and push the price above $33. Silver is the new gold!
In my previous Silver analysis, I've argued that 23 is a strong buy zone and the price reversed exactly from that zone, putting in a Pin Bar on our daily chart. As in Gold's case, Thursday and Friday the price rose and at this moment Silver is rising towards resistance. This resistance can very well be the neck-line of an H&S pattern and a break here would expose...
Follow for head and shoulders. The formation target is the resistance of the horizontal movement band.
Hi In advance assuming that SILVER is doing a INVERSE HEAD & SHOULDER as of now this pattern is in formation so still we have to wait & watch in silver for big bull run in it or if it start trading above 24.82 then it means silver moving toward 28.00 level. Make a note that this courter is not good for short......wait & watch to go long in it. Enjoy....!!!
After it has reached 24.70 zone resistance, Silver has started to correct October's rally and is trading now at 23.43. Slightly under 23 is strong confluence support given by 61% Fibo and horizontal support and here we can look for opportunities to buy the market for a revisit of resistance.
abc XOP into FIB Confluence area is great buying area with good risk:reward ratio.
XAGUSD moves inside the trend lines, and has bounced off from bottom line and might continue upward. Please do your own research before entering in any position.
Silver broke out of a descending wedge last week, confirmed so far by staying above the decline and there is a lot of momentum because of inflation fears. The price was likely suppressed into the dip anyways, as we know thats common, and the same market factors that pushed down bitcoin in the spring affected Silver too. Now Bitcoin has pumped back and silver will...
Inflation is not going to go down soon. Gold and silver are both great investments in the next months but I think that silver may give a lot more. Technically, the best place to buy is the mentioned zone in the chart and I think that price will return soon.
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Silver XAG/USD begins the week in a positive way, rising 0.97%, at trading at $24.54 but have dropped to $23.916 today and the market sentiment is upbeat, portrayed by...
Silver is at support with 9th Aug. It is also at a 1.272 reversal (Orange). This is our first chance to go long (1st yellow bubble). First target will be the breakout lower at 23.360 If the price action remains bearish the next support and next opportunity to go long will be at 22.00 (2nd yellow bubble). This is a very important support. If it breaks there will...
Hi all, SILVER is on the same situation like GOLD. Dollar Index on this week will be fall down. Possible target on this week is : 25.300 - 25.500 Good Luck !