In Weekly time frame price has formed a line formation, and currently siting on a support area. As a result of this important support area price structure in 4H time frame has shifted to bullish as you can see and price is creating a HH and HL. Now price is above 4H timeframe 144 EMA and also price is in bearish corrective move for retesting a previous resistance...
Silver prices XAGUSD seem to rebound after testing the lower boundary of the descending channel on the daily timeframe. Prices may hit $22.25 - $22.60 resistance levels consecutively.
Yesterday I've argued that Silver can drop hard if it breaks the flag pattern. After the spike on FOMC XagUsd has dropped again, giving us a clear signal that the pressure is on the sell-side and at this moment is trading at 22.60, exactly above the horizontal short-term support and the ascending trend line of the flag. I maintain my bearish outlook and I'm...
For the silver price, the bearish scenario is continuing, and we are expecting the price to fall under $21.81. However, there is a small chance of 20% that the course comes back and increases above $26.09. Short, short!
In yesterday's comment, I said that Silver is weaker than Gold and bulls don't have power. As we can see from the H1 chart, the rise from the recent low is very anemic and is drawing a bearish flag. I expect a break down for silver and short term traders can target 21 zone for a more than 1:3 R:R
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Silver can go any side but before taking a position we should wait until it breaks any line and after that we can confirm it is bullish or bearish of course with risk management.
Gold and Silver always run in the same direction. 20/25 years back silver and gold had little divergence price gap. But the price gap between these two metals is really high. 250/300 years back gold and silver were only currency. though nowadays every country has its own currency and many digital currencies. but the necessity of Gold and Silver still exists....
Welcome back Traders, Investors, and Community! Hi Traders, XAGUSD on D chart has formed a Bullish Falg and has broken below the Flag by a large red candle. I am expecting to go lower to 24.11 ⬇️Sell now or Sell at 25.84 ⭕️SL @ 26.81 ✅TP1 @ 24.11 ✅TP2 @ 22.6 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a...
Chart says it all Watching below MA/SMMA for late entries Trend line holding
Silver has long been a favorite of mine to trade. In the past few months, it has taken a nice breather creating what looks to be a consolidation pattern before an eventual move up. Gold seems to have created a double bottom this past week and I believe Silver is in the process of making a reversal from its recent slide down. f you zoom in on the daily chart, you...
Similarities between Sep 2010 breakout to $50 and now.
It foreshadows a new green day for silver that is preparing to confirm a new pennant flag formation, followed by a new climbing leg. Long silver today, at least until the American opening ! If my analysis is useful to you, press Like and follow. If you want other assets to be analyzed, leave the symbol in the comment, and in a maximum of one hour I will...
The price made a good squeezing near the key level and finally broke through it. I expect on retest to 26,65. Only in that case, I'll buy. Don't forget about SL. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK...
Sl1! Nice bull flag at strong pivot resistance zone, an uptrend, since March 31 lows actively riding as support the 9ema (blue line). Entry could be a 1-hour candle close above the .618 fib extension with the 9ema as support crossing the 28 levels. Also, consider another 9ema backtest - ascending trendline confluent if you connect a trendline from the swing lows....
Yellen's departure yesterday scared investors in metals terribly. particularly silver is easily frightened and diverted from its path. Unfortunately, the beginning of a beautiful bullish trend was transformed by Yellen into a moderate decline, but followed by indecision. The question mark launched on raising rates and implicitly the USD, will weigh seems quite...