In my previous ideas, i highlighted that #silver #xagusd has need to retest and success to confirm the rally. Orange box is the retest zone and must not be lost.
Whenever G&S make a knee jerk reaction, it seems like price pretty quickly reverts back. Not trading this but would look for a short term short here.
Yesterday gold extended the bullish pullbacks that started tuesday after we bounce off the strong demand zone 1800's liq zone and got bad US data. As today was the first day of the new business month, we knew that deeper pullbacks in to better supply zones on the intraday to set up price for the new month was probable ISM manufacturing PMI came out above...
as we told earlier in previous analyze (link to analyze in description )silver broke the zone and now we can do trading on gold and silver and buy them
8.24.21 Silver Oil : "student edition".............................................................................................................................
Midterm forecast: 25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 25.75 is broken. Technical analysis: A trough is formed in daily chart at 23.75 on 03/31/2021, so more gains to resistance(s) 28.30, 29.85, 33.45 and more heights is expected. Price is above...
As you can see, we are in a bullish trend which can be considered as a bullish TRIANGLE Chart pattern. After breaking the resistance, it will be a good entry point and it goes high till FIB RET 0.618 with ease.
For now Rally-Base-Rally type of formation looks more probable rather than deeper correction. Enter with pending order above the potential breakout line. Stop could be bellow the 61.8 fib (best) level or on the 15 min minutes bellow the breakout line (optimal) if the pattern is confirmed.
(note: if the trade analysis brings you some jingle, consider tossing a Hamilton or Andrew Jackson in the collection pail . i'll take it as an offering: im looking to crankup a DOOMSDAY PARTY i got planned down in Texas, and your offering will not go unnoticed spiritually) Greetings investors, traders, speculators, technicians. im looking to throw out another...
Silver has risen since my last posting (see link below). We may get a short term consolidation here if this is .3 then another rise to .5 then a correction. Or we if this is .01 of .3 we get a rapid extended rise from here. We'll see. If price drops below .1 this concept is wrong. Take care.
It is a matter of time for Silver to brake the current Pennant. Due to numerous reason (check the attached idea) my opinion is that it will brake bullish. The only question is if it will have a false brake down before the pump starts. in case of a brake down, I see the levels of 15.575 and 14.630 as strong horizontal support
BUY THE LOWS, SELL HIGH. SILVER IS A GREAT LONG-TERM TRADE ( 1-4 YEARS) UP TO %100++ RETURN POSSIBLE. PATIENCE IS THE KEY; YOU WAIT, YOU WIN!
A Simple correction 1/3 FIB. Very negative RSI
Siver (XAGUSD) has tested upper range of the descending channel for the first time since September 2016. The channel has been valid for 6 month. Silver is currently trending above the dynamic barrier 17.45 and may continue uptrend targeting 17.80 and 18.20 (marked on the chart). If XAGUSD returns in the channel (we need to see a close below 17.40 for...
Price on Daily Support , expecting price to push up , bullish crab .