Silver (XAGUSD) remains within the 2-year Channel Up pattern we mentioned on our Aptil 17 analysis (see chart below) that hit our 32.000 Target: The price is on a 3-week correction, which is technically natural within this pattern. The symmetry with the previous Bearish Leg of the Channel Up suggests that since the price has hit the 0.382 Fibonacci level from...
Silver may start growing next week after the market opening. I see a nice bullish engulfing candle on a 4H time frame after a test of a strong intraday horizontal structure support. I think that the price will reach at least 31.2 level. ❤️Please, support my work with like, thank you!❤️
I understand the title may seem bombastic and possibly clickbaity, but in my view, there's a solid case for OANDA:XAGUSD potentially rising by $10 in 2024. Here's why: Observing the chart, unlike OANDA:XAUUSD , Silver has been trading within a range for precisely a year now, failing to establish new highs. However, on a positive note, since the pandemic low,...
XAGUSD HELLO TRADERS Tendency under bullish pressure after the price create a bullish flag pattern TURNING LEVEL : a blue line between resistance and support level around 30.05, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level RESISTANCE LEVEL : there is a green line...
Silver may bounce from a solid intraday structure support. The price formed a cup & handle pattern after its test. Its neckline breakout is a strong bullish signal. The price may reach 1.313 level soon. ❤️Please, support my work with like, thank you!❤️
I see a confirmed structure breakout on Silver. The price broke and closed below a key daily support cluster. Retesting the broken structure, we see a positive bearish reaction to that. I think that the fall will continue. Next support - 29.1 ❤️Please, support my work with like, thank you!❤️
Silver (XAGUSD) couldn't have gone better on our last signal we gave (April 17, see chart below) as it did give us the pull-back inside Resistance Zone 1 that we wanted in order to buy and immediately rallied to the top of the Channel Up to hit our 32.00 Target: Since the break-out, the metal entered a more aggressive Diverging Channel Up (blue), which after...
Silver formed 2 bullish patterns on an hourly time frame after a correctional movement. I see a tiny double bottom formation and a falling wedge pattern. Neckline / trend line of both patterns were broken. We might see a bullish movement today. At least to 30.9 ❤️Please, support my work with like, thank you!❤️
Silver went up rapidly on Friday, violating a massive psychological resistance cluster. With a high probability, the broken structure turned into support. The market has a nice potential to go higher after a pullback. Next resistance - 34.0 ❤️Please, support my work with like, thank you!❤️
Silver is testing a key daily horizontal support at the moment. I see a strong bullish reaction to that on an hourly time frame: I see a confirmed breakout of a resistance line of a falling wedge pattern and a double bottom formation. I expect a pullback at least to 26.64 ❤️Please, support my work with like, thank you!❤️
HELLO TRADERS As I can see Silver is testing now a strong support level which is a great entry zone for buying here. Silver is still not moved as like gold and other commodities has done, we expected this pair will move till design levels and this is a best zone with a very low risk and higher rewards let's see what markets bring to us. Charts always...
Daily/4h time frames analysis for Silver. Price action & key levels. Directional bias & thoughts. ❤️Please, support my work with like, thank you!❤️
Silver (XAGUSD) easily broke through the 25.000 Target we set 2 months ago (February 15, see chart below) and invalidated the Triangle pattern as it is entering into a new long-term Bull Cycle: This was achieved as it broke above the 2-year Resistance Zone 1 and the Triangle transitioned into a Channel Up. Last week it hit Resistance Zone 2 and technically we...
Silver keeps rallying and breaking the historical resistances. The next goal for the buyers can be the structure that is based on the highs of 2020 and 2021. The area that unites these highs also has a psychological level within - 30.0. The underlined blue will most likely reached soon. ❤️Please, support my work with like, thank you!❤️
HELLO FRIENDS As I can see Silver is now holding price above the Support zone and looking for more higher high as we can see other commodities has done a big up word rally but silver is still suffering... Technically it is now trading above the support so we are expecting these design levels can be hit easily with a very low risk and higher rewards Friends its...
Silver nicely respected a recently broken key horizontal resistance. After its retest, the market started to consolidate on a 4H time frame and formed a horizontal range. Its resistance was broken yesterday, signifying the strength of the buyers. The market may keep growing next week, at least to 25.5 level. ❤️Please, support my work with like, thank you!❤️
Silver (XAGUSD) reached the 25.000 Target that we set more than a month ago (February 15, see chart below) easily surpassing the 0.786 Fibonacci level and getting heavily rejected exactly at the top (Lower Highs trend-line) of the 1 year Triangle pattern: On July 20 2023, a rejection slightly lower started wave (e-f) towards the bottom of the High Volatility...
Silver (XAGUSD) almost reached the 25.000 Target that we set almost a month ago (February 15, see chart below) but as it seems to fail to touch the 0.786 Fibonacci level, it is time to take the profit earlier and turn bearish: At least this is what took place on July 20 2023, a rejection that started wave (e-f) back inside the High Volatility Zone that...