Hello Traders, Hope you all are doing good!! I expect XAGUSD to go Down after finishing the correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...
Spot Silver dropped this past week about 6.5 % from its high early in the week. On the 15-minute chart the drop occurred over three days. XAUUSD is now underneath the POC line of the volume profile as well as the negative bands of the mean anchored VWAP. The Mass Indicator and faster / slower MA ratio indicator are both near the zero line showing...
Hi there, For me , on daily chart this is looking very bearish, but i will not entry now with a short because we still need to wait for a break line ( red line ) and also, a Price action confirmation, afther that , if we close under the red line, i will short this . But i think will be a nice trade with a good profit .
A breakout from the down channel in play is evident. What im looking for is a bullish breakout to the horizontal double top point plotted. (circles) Green curve encompasses the entire structure
The chart speaks for itself. With some luck we could break above the top of cup resistance line and find support on it between here and 2024/25. That is a good move, but id love to be sitting in profit then with the option of riding the longer trend.
Silver touching major resistance area and potentially forming a double top if it can't break above 26.50. I also noticed a double bottom that's playing out on the 15 minute chart that I missed while being away. Could go either way, but I think fundamentals support bulls.
24.90 remains a strong 4 Hr support level. RSI touched my divergence trendline perfectly before price bounced right back up. Waiting for price to cool off a bit before entering long again.
Looks like a double-top on 4 hour SI chart. Price broke below 50EMA If price losses the upper trendline of the descending triangle expect price to push to bottom trendline of triangle at least. Will it tap the upper trendline all the way down until the break up?
Not perfect, but big shooting star on SI daily chart along with break below the 50EMA on the 4 hour chart makes me think Silver may pullback to major support from 24.00-24.60 before shooting back up. Could the star really be the 2nd top of a double-top? Time will tell. Holding steady for now.
I'm seeing that 4 of the last 6 times that this pattern has played out over the past 4 years, at the first major pullback the RSI continues to put in a higher low. Price then move higher.
This goes along with my ideas on Silver. Weekly DXY Head & Shoulders helping to push up metal prices.
I'm seeing a bullish RSI divergence coupled with a descending triangle on the 4H silver chart. I see a similar setup 5 times in the past year and each time the price went up. Am I seeing this correctly?
AB = CD Harmonic Pattern formation has been observed which indicates an increase in the Silver Price (USD). You can buy at 25.150 price point. Place a Stop Loss at 24.760. Take Profit 1 @ 1:1 risk/reward will be 25.509 and Take Profit 2 @ 1:2 risk/reward, will be 25.890.
Silver is gaining momentum, similar to the other precious metal, Gold. But their purposes are different: while Gold is used as protection against inflation from investors, silver has a lot more industrial uses, especially in the green energy sector. This makes the metal a lot more sought after. Both MACD and RSI are confirming the bullish trend, and if it...
After a strong bullish impulse, Silver was accumulating for some time within an ascending triangle formation on 4H time frame. Its neckline was broken during the Asian session. We see its retest now. It looks to me that the market may bounce one more time. Next goal for buyers - 25.7 ❤️Please, support my work with like, thank you!❤️
Silver may outperform gold for the short term as SLV is screaming for attention. It just had a recent golden cross along with a by-signal measured by Aroon up. So don't miss out on this one at all! I'm also testing the same theory with other highly liquid ETFs as well for tomorrow's trading day.
Rounding Bottom has formed on Silver and the price has just broken strongly out of the resistance (neckline). The indicators are also showing good upside momentum. 7>21>200 RSI>50 Target 28.70
Bulls keep pushing Silver for the last 3 weeks. The market managed to break multiple key daily structures. Last week, the price successfully violated 23.98 - 24.64 supply cluster. The broken structure turned into a demand zone. Because the market is currently quite overbought, I will expect the accumulation of buying volumes within the underlined area and a...