Both a short term and long term position have been cast. I'm still trying to incorporate the fib circles to the charts, but beyond that, even more basic chartism seems to indicate this too.
For silver we can see a strong Resistance around 18 level its rejected that area many times if hold below we can see a drop towards 16.5-16.7 Advice to sell in range of 17.45-17.7 sl 18.1 TP 16.5
Dont know why will fall to that lvl's ...! Maybe i'm wrong ... who know !
There was a clear break of the downtred with wedge formation towards the end of 2016. A strong support was established at 17.20 (blue line). If it bounces back up, we might expect a new test of 18.50 level (green line). If key support line fails to hold, we could see price going as low as 16 to 15.80. Shorting seems like an interesting position in the short...
My vision on Silver is still the same as described over a month ago: Price of XAGUSD reached 200 day moving average (green line) while 18.24$/oz is a 0.618 fibo. Please also have a look at the stochastic indicators below the chart. In my perception price of silver will move slightly up or sideway, touching red box. The main downward move will happen in...
Hello Traders, Today we would like to present you TVC:SILVER as it seems to decline in near future. Let us break down the analysis. Starting with the fundamentals/macro overview as usual: TVC:SILVER is currently not a very much watched instruments in the financial market, however it shows some interesting pattern. These pattern we would like to provide...
Silver sell advice on Strong Supply zone. Sell in range of 18.22-18.6 sl above 19 tp 17.2
Looks Bearish As i can clearly see bears selling at top and no sign of bulls here same for gold as well short at price around 18.050 is nice price as this is very expensive now and no one like to hold this trade on long side. Good luck Muze(xag/usd)
This is the fifth time silver has found its self at this level. The previous times it failed miserably will this time be different? The Risk reward is very compelling! I would gladly take a lose if I am wrong on this one.
A big big HS pattern.... Time will show
If Silver breaks 18.186, Chances are it will be a good Short position. Ration 2.79%. but keep an eye on because of US Election today.
My thoughts are written in the chart! Like if you agree, support and follow please!
Downtrend since July with huge drop in October price is choppy at the moment, maybe nice time to short with the current pullbacks forming on daily and 4hr charts. Maybe price will touch 17.700 then drop again? on the watch list for sure.
Would like to sell silver below 19.80 after it breaks the resistance. Just did the opposite in EURUSD
XAGUSD retracement to 19.45-19.1 area, then north to broke long time support of $21
XAGUSD is in a possible 4th wave in an impulse Elliott wave series. This correction has potentially run its course indicated by the high level RSI. I will watch for the correction to either continue to the upside or begin the 5th wave and immediately retrace down to the 1st trend line. If it is indeed in an impulse Elliot wave, then it should continue its decline...