The 4 hourly Silver chart is showing initial signs of a potential inverse head and shoulders pattern. With confirmation of this pattern, I will be looking for a long position at 22.50. My target will be a long position towards the 23.50 resistance and supply zone.
SILVER New forecast The price of silver continued to decline, breaking the 23.00 level and closing the daily candle below it, confirming the resumption of the downward path in the immediate term, opening the way to head towards 22.60 and 22.23 as the next main target. Therefore the downward scenario will be remain valid and effective during coming period ,The...
It is possible that the Silver RSI trend line may be retested, indicating a decrease in momentum from buyers. Consequently, there might be a continuous downtrend leading to a price point of $22. It is advisable to prepare for this ongoing downtrend. Sellers can still take advantage of the fresh bear trend on the hourly chart, providing opportunities for short...
Following my recent sell analysis on Gold. Silver is also a short from here. Silver 6 weekly chart: Shows resistance and the bearish trend is strong. Target 1: $22 Target 2: $18 The bear trend is the same with gold. The current trend is pointing downwards. You need to devise a plan to execute your trade accordingly.
Silver dont momentum to breake tight channel and has chance to touch lower band of his channel. Trade safe. Good luck.
Dear Traders, OANDA:XAGUSD a strong sell off is expected on silver this week. Firstly because recently price have been overbought and there is going to be ' a strong bearish impulse' due to adjusting he market equilibrium. Secondly, the NFP and other strong news that can affect the silver future price significantly. We will have to keep close eye on the...
Silver - down and then up? As you can see, the price is in a correction mode now, but we are in an up-trend, and not just this, but also in ascending triangle + possible W reversal in up..so the support zone is a good area for long.
hello traders what do you think about this analysis trading ideas 💡😁💡 Euousd sellers return to Resistance levels) Follow up with my trading ideas 💡😁💡
Hi dudes. I'm waiting for sell on silver for the week ahead. Sell zone opportunity on 1H. To notify the free signals, analysis, follow, boosts, comments, and write questions. Observe the money management (Use 1~3 % of your balance for each signal) and the stop loss.
SILVER New forecast The price of silver rose in yesterday's trading with noticeable positivity, penetrating the 22.23 level and settling above it, and approaching the 22.50 level to provide negative signals as long as the price is trading below the mentioned level. Therefore the downtrend scenario will be remain valid as long as price trade under 22.50...
SILVER New forecast The price perfectly fulfills my last idea and price reached to our targets . The price of silver declined and succeeded in achieving our second expected target at 22.23, and opened the day with a strong decline to break this level and confirm the continuation of the dominance of the downward trend, paving the way for heading towards our...
Let's take a look at silver pricing together. Silver has been consolidating for a long time in a range. Every time silver tried to go higher it was rejected. We are already at the end of the consolidation, where the bears are cutting every move up. I don't see any signs that the price is going to go higher again. it can be seen how the price was gradually...
From the start of the month may XAGUSD/Silver is in downward movement after forming a double top formation. Ever since this drop its forming clear descending channel. Within this bigger trend formation We can see some rising wedge formations which is indicating the upcoming bearish trend until this trend gonna breakout. The price is currently below 50% Fibonacci...
Silver is forming a potential diametric structure in the medium term and the second phase of this structure has begun. The potential route I expect the price to follow is indicated in the image (with dotted lines). The wave e of the diametric structure is estimated January 15, 2024. We can say that we will be in a bear market for the next 2 months. After that,...
SILVER New forecast The price of silver rose yesterday and achieved immediate gains to test the 22.73 level, and we notice that the price bounced down from there in an attempt to resume the expected downward trend in the immediate term, waiting to test the 22.50 level initially, remembering that breaking this level will push the price directly to...
SILVER New forecast The price of silver begins today's trading with negativity, trying to break the 22.73 level and settle below it. By breaking it, it will head towards a shift in the direction to the downside, and we expect the bearish tendency to continue to test the 22.50 and 22.23 areas mainly. Therefore, we expect to witness further decline in the...
At the moment, due to the fact that gold remains bullish, I will remain neutral-bullish on Silver as well
In a few days COMEX:SI1! will probably break down MA 200 on 1W and go down to first $18.50 price target in its long way to $13-$16. Technically Silver Futures finishes C wave in its big correction move.