In my 2 days ago analysis on Silver I said that the rise from 24.50 is clearly corrective in nature and rallies towards 26 should be sold. At the time of writing, Silver looks like it carved a local top and a lower high and it is resuming its bearish trajectory. I'm bearish Silver in this context and I expect a new leg down under 24. Gains should be very well...
I am expecting a further fall to 24.00 region
After dropping around 18% from last week s top, Silver found support on Monday at 24.30 and started to rise. The rise is clearly corrective in nature and it looks like a flag. I expect gains to be very well capped around 26 resistance and we can expect a new wave of sales from here. A good target for sellers can be 24.50
Price has rejected the daily resistance but also rejection trend line support , we will take short if price breaks and retest the trendline
Plan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make...
Silver XAGUSD has been a very profitable trade for us within the month of December where we forecasted a big rally on the back of more stimulus, annual inflation and seasonality. In terms of Silver we have to be extremely careful in our trading and "scale in" instead of going "all in", for next week we are aiming for a quick take profit level of 26.22 and we...
5-WAVE of WAV-C Ending diagonal/ Correction lower is anticipated ... Coinciding with general MARKET CORRECTION. ... This Count has been Working for a MONTH Now.
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.
price direction: DOWNTREND potential target price: 22.90 **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can...
Silver short after ranging across shoulder before drop. Target 22.5. Invalidated at 24.5.
Time for us to sell silver with an attempt to touch/test the support or break it and go lower
as usual silver presents setups similar to that of gold
Our short-term sell Silver idea with our stop loss, take profits and 'sell more' levels
2nd chance to get on board or to reload those SHORTs. Here is the previous post;
In yesterday's comment I said that 24.40-24.50 is the line in the sand for Silver and as we can see from the chart, XagUsd stopped its ascent just under this level. Similar to Gold we can have a correction also here and a drop under 24 should clarify things. 23.50 and 23.00 could be good targets for bears with 1:3 R:R in the case you target the later. On the other...
This 1 Day period analysis show us Bearish Triangle and Sholder-Head pattern. I think, If won't happen break point start down trend for silver.