Technically, silver will test strong support, as what it breached, we may see it again at 22 levels.
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Bought more at dip and when it reach the target ill be a seller
It was a small trade , but it doesn't success.
Any way i believe the direction is down and my target still the same 20-19 .
When it goes up ill turn again to seller.
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Silver confirm ( bearish rectangular)
if someone think i hate silver , he is absolutely wrong .
TREND IS YOUR FRIEND
Rectangular bearish pattern mean we can go down same percentage of consolidation range percent
CPI with 75 ppt rise 18 $ in silver is normal
Good luck all!
Silver goes up today in down movement of DXY.
However , i believe next target is 22 where it can be rejected down to 20-19
Any ways there will be no upside more than 22 this week and the coming week .
Ill short the 22 $
Today getting few points up and down side consolidated phase that is the more down move necessary silver target may be 15 or 14 in November month cause of the rising interest rate 100 💯💪 hawkish move in fed meetings next month so it sopport dxy audusd rejected from trend line
Selling silver at this ranges are perfect idea to me
I sold the 20.8 before and now in a good position also has over sells at blue line
I think we are going lower to 17 may be more
Bearish are dominance in 21 $
I believe this week we can see lower low
What a bullish move on Silver on Friday.
Here are the key levels for you to watch next week:
Resistance 1: 21.05 - 21.23 area
It will be the next goal for buyers most likely.
Support 1: 19.06 - 20.07 area
Support 2: major rising trend line
Support 3: 18.7 - 18.94 area
Consider these structure for pullback/breakout trades.
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Silver today play like it is strong market , yes we see that before
And then what happened , break down to new low right
Here is a new chance where i will sell again and lets see if this goes to 14-13 !!!
Silver(xagusd) like gold has broken out of a 2 year long consolidation (accumulation) as well. Now we are looking for lower targets on both metals. Silver can be seen failing to retest the breakout point at 21.5 and therefore, chances are we will see it down.
1- A rising wedge consolidation and continuation pattern observed on XAGUSD (drawn...