Silver (XAGUSD) couldn't have gone better since our September 12 buy signal as following the Lower Lows Double Bottom, it not only broke above the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), but also made a new Extreme High on the 1.382 Fibonacci extension. As you see, we've charted Silver's pattern since February 01 2021, which is a Channel...
Silver (XAGUSD) has been trading since September exactly like we wanted it to, as we have been tracking its long-term Channel Down pattern correctly: Our 1D MA200 (orange trend-line) target has been hit, with the price also marginally breaking above the top (Lower Highs trend-line) of the Channel Down (Fibonacci level 1.0). That doesn't call for a bullish...
After the break above descending trend line's resistance followed by a break also above horizontal resistance, Silver made a high at 21.20 and started to drop. As I said in my previous analysis, prices under 20 should provide strong support and a new leg up could follow. At the time of writing Silver is trading exactly in this support and bulls can regain control...
Silver (XAGUSD) has been pulling back in the last 3 days following an impressive +18% rise since the September 28 Low. As you see, we've charted Silver's pattern since February 01 2021, which is a Channel Down, most effectively viewed using the Fibonacci channel levels. This is basically the pattern we used to analyze the metal almost a month ago, and it helped us...
What a day for silver ! Spot silver went up more than 5% to $19.7 per troy ounce in one of the best sessions this year, hitting the highest levels since August 18. Silver's daily price action broke through both the 50-day moving average and the 2022 bearish trend line connecting the lower highs of April and August. Momentum indicators show the daily RSI...
Silver (XAGUSD) hit today its 1D MA50 (blue trend-line) for the first time in 4 weeks (since Aug 17). It did so after rebounding on an Internal Lower Lows trend-line similar to that of August 09 - September 29 2021. This is basically the formation that emerged within the 1.5 year long-term Channel Down pattern that has been dominating the bearish trend since the...
Silver (XAGUSD) has been approaching the bottom of the long-term Channel Down that has been trading in since the February 01 2021 High. This makes it an automatic technical buy targeting first the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) in extension. This is depicted on the 1D RSI as well which is rising after breaking below the 30.00...
🔴 XAGUSD Sell Now 22,24 🧨Stop Loss = 22,30 🎯Take Profit 1=21,96 🎯Take Profit 2= 21,74
Silver (XAGUSD) has been on a short-term rise since the May 13 Low. The long-term pattern is a Channel Down since May 18 2021, so practically a whole year of Lower Highs and Lower Lows. The recent one, isn't a solid Lower Low however, in fact it resembles the August 09 2021 Low, which despite a short-term rise, it failed exactly on the 1D MA50 (blue trend-line)...
What was set in motion last October when the price rebounded on the 1W MA100, is taking place now, as Silver (XAGUSD) broke above its 1W MA50. On the shorter time-frame of 1D (current chart), the price appears to be replicating the December 2020 aggressive rise, which initially reached almost the 0.786 Fibonacci retracement level (28.000) and after a 1D MA50...
As the 1D MA50 (blue trend-line) has been supporting Silver since late October, it is a good time for me to update my outlook on the metal. So far my September 30 trading plan remains valid: As you see we caught the market bottom on that exact date and the price has been rising ever since, creating an Inverse Head and Shoulders pattern in the process, which...
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 (XAGUSD) is posting a bullish reaction (rebound) after marginally breaking below the 1W MA100 (green trend-line) last week. During the metal's previous multi-year Bull Cycle and more specifically its parabolic rise (2003 - 2011), all three times that the price hit the 1W MA100 (excluding of course the outside catalys of the 2008 subrime mortgage crisis that...
Silver hit yesterday the 21.664 Support level of the 1 year Rectangle pattern it has been trading in since August 2020. Even though the price marginally broke it, if the 1W (weekly) candle closes above the Support, then the long-term Rectangle pattern remains valid. The 1D MACD shows we may be in a similar situation as with the November 30 2020 bottom. If so,...
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.
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.
Silver pulled back on Friday and today along with most major commodities due to the USD showing strength on the incredible Nonfarm Payrolls numbers. All this short-term price action though can be viewed as nothing but noise on one pattern that has been developing since 1980 and may be close to completion. I am using the very rare in financial analysis yearly...