H4 - Bullish trend pattern
Currently it looks like a pullback is happening
Until the two strong support zones hold my short term view remains bullish here.
Hey everyone,
I'm back with another update on Silver and Gold 🤓
A month ago I showed you how Silver and Gold might react in June and their movement wasn't too far from my expectations. Both Gold and Silver followed their seasonality direction for June (a bearish move). Now as we passed a week of July, Silver and Gold price actions suggest that they are willing...
Silver / U.S.Dollar is Possible to Reach Channel Top, if it Breakout above the Resistance level. One of the main reason is that Resistance level Breakout after 44-years. So Expect Wild movement in a Bullish Trend.
Target is the Channel Top, and the Price is $300 to $400 Dollar, it depends on the Time.
I want to help people to Make Profit all over the World.
Silver: Daily Fibs and Indicators: Silver has a bull fib objective that takes it to 28.86, a massive move. It held it's 61.8% line in October 23 and was on it's way until December 23 when it stopped at the high of it's daily range. We traded down early in the year, only to test that high again htis past week. And, we are selling off of it again. We can't trust...
Silver is at a critical point in it's chart. With gold breaking to new highs, Silver has underperformed but has rallied alongside the yellow metal. Now we are at a critical stage that can see silver breakout of its flag and continue it's bull trend. The indicator that I love to look for longer-duration breakouts is the slow stochastics, specifically, when it...
Earlier, I took an early long position on Silver as we were getting a trendline and 4 hourly resistance breakout.
Long from 22.79 or now.
Target 1 - 23.30 - Set stop loss to break even once T1 has been hit.
Target 2 - 24.05
Target 3 - 24.50
Extreme Target - 25.49
Stop loss - 21.80
I am taking an early long position on Silver as we are getting a trendline and 4 hourly resistance breakout.
Long from 22.79 or as close as possible.
Target 1 - 23.30 - Set stop loss to break even once T1 has been hit.
Target 2 - 24.05
Target 3 - 24.50
Extreme Target - 25.49
Stop loss - 21.80
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.
HELLO TRADERS!!
As i can see this chart of silver its is show a strong support zone and on long term chart it have to test the above weekly trend line which is my last TP i am going for a buy setup from the buying zone area with a very low risk and looking for higher rewards... this just an a trade idea kindly share Ur thoughts on silver chart and stay tuned with...
SILVER
New forecast
The silver price tested the 22.77 level and maintains its stability above it till now , noting that the price attacked that level many times and couldn't stabilized under it , waiting to stimulate the price to resume the upward wave that aims to test the 23.35 level initially, remembering that breaching this level will extend the upward wave...
Silver prices are stuck in the SND area for now and are also in the SR Flip area. The possibility of sideways until the release of the news tonight. the possibility of a bearish correction to the price of 21,500
closing the market in the silver market last week it can be seen that there was confusion, look at the candles that I gave this dotted line. at the beginning of next week there is a possibility of sideways before the price is corrected in the SR Flip area.
Welcome back! Let me know your thoughts in the comments!
** XAGUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Silver price resumed its positive trading to succeed achieving our first waited target at 26.07, facing solid resistance there, to show some expected slight bearish bias, waiting to get positive momentum at 25.87 support that assists to push the price to resume the positive trades and breach the mentioned level to open the way to head towards 26.80 as a next main...
Not perfect, but big shooting star on SI daily chart along with break below the 50EMA on the 4 hour chart makes me think Silver may pullback to major support from 24.00-24.60 before shooting back up. Could the star really be the 2nd top of a double-top? Time will tell. Holding steady for now.
AB = CD Harmonic Pattern formation has been observed which indicates an increase in the Silver Price (USD).
You can buy at 25.150 price point. Place a Stop Loss at 24.760.
Take Profit 1 @ 1:1 risk/reward will be 25.509 and Take Profit 2 @ 1:2 risk/reward, will be 25.890.
