I was bullish on metals ever since mid-2019 when Gold broke above 1350 important resistance of the "rounded bottom" pattern and in fact, this was one of my first analyses on Tradingview. Comparing Silver and Gold charts though, we can see that Silver's break lagged about a year, the important break here happening in mid-2020. Continuing this comparison, we can see...
first observation global trend is up two pinbars signifying a double bottom and buyers push upside it couldn't sell at trendline touch meaning sellers are getting week bounce of the 200 ema entry at breakout of the flag pattern formed or entry at retest of neckline
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
After a first leg up from 22 to 25, Silver entered a period of correction/consolidation. The price is staying above 22.20-22.50 zone support and I expect this support to hold and a new leg up to follow. Dips towards this support should be bought for a new challenge of 25 resistance
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...
Greetings! Precious metals and therefor AGQ look attractive on several time frames for both traders and investors Here is a quick run down of why I am in AGQ as of today (p.s. this isn't financial advise, it is why I do what I do): Price action just retested previous horizontal resistance as support at 39.5 popped below the daily bollinger band and is...
A few minutes ago I made an analysis and explained why I'm bullish Silver in the long term. Looking at H1 chart we can see that XagUsd is also bullish in the short term... After the drop from 2 weeks ago and the low from Monday, Silver recovered quickly and price and up just under 24.50 zone important resistance. In this H1 chart, we can clearly see that price is...
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
Since August top at 30, Silver dropped 8usd (if we consider the low) which is approx 25%. The drop is clearly corrective in nature and, unlike Gold, Silver didn't make a new low. Now XagUsd is trading just under an important confluence resistance zone and a break and daily close above would signal the end of this correction On the short term 23.50-23.60 zone is...
SILVER after the bearish leg bounce for the 2nd time over the 22 level creating a double bottom formation. The price from there creates a very strong bullish impulse until the resistance area at 24 exactly at the 0.5 fib retracement of the previous bearish leg. IF the price will manage to break and close above the structure we can look for a nice long order...
Trend: Bullish Good Zone to Try a long Trade. Best entry on retracement OANDA:XAGUSD
Nice weekly S1 rejection. Waiting for a pullback to grey zone and retest R1 $24.00.
Aggressive traders: go long now! More cautious ones: wait for 23.45 to fall. By then, the RSI downtrend should be taken out as well. Stop below 23.02.