Gold, tentatively, is forming an upward price channel on the global weekly chart, which is aiming toward $2000-$2100. Gold prices rose Monday and held near a seven-month high, supported by a weaker dollar and hopes that the Federal Reserve might slow the pace of interest rate hikes. U.S. output fell in December for the first time in more than 2-1/2 years...
$XAG - Now we wait for the NFP! Today we got NFP - exp 200k anywhere above is good number expect then silver to decline 22 handle. However if it's a miss expect silver to climb above towards 23/24 handle A break to either direction! Trade safe! Trade Journal
Gold is down 2.2% from its high. Technically, this is a reaction to a false breakout of strong resistance. What's next? Yesterday I told you, there is a high probability of a technical pullback, the price goes down towards 1824, but it does not reach the zone, so the technical pullback forms and the price draws an interesting "Head & Shoulders" pattern, based...
Gold reaches the first important mark of 1858, but the resistance zone, tentatively, stops the distributive movement. There might be a technical pullback phase. Gold makes a false breakdown of the consolidation resistance zone and the level of 1858, at the moment we see the price consolidation in the short zone, thus, the price opens the way down to the 1840,...
I expect a rebound from the green support line and continued growth. TP around 24.70. GG P.S. This is not financial advice of course, just my idea.
I do not expect this to be a popular view, given the excitement of the rally on metals in general in recent weeks. But no trend lasts forever and we’ve not really seen much of a pullback on silver prices lately. Besides, silver has risen nearly 40% since the September low and fast approaching the upper trendline from a wide (slightly bearish) channel. The tendline...
SILVER XAGUSD once above the green zone will fly and do a 4 to 5x over the upcoming years. Get in now.
🥇XAUXAG🥈 heading to strong resistance level. It's confluence of trendlines and 50% fib retracement of the initial impulse breaking the major uptrendline. I expect backtest of it and possible reversal which would be bullish for both metals. Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial...
Formed Rising Wedge In H4 Timeframe Rsi Printed Massive Bearish Divergence Too Incase Of Breakout Expecting Bearish Impulse
Hello,Traders! SILVER is trading in a rising wedge And the picture resembles that one Of the gold chart. We've got two strong levels Of support and resistance That are currently limiting The mobility of the price But if we see a breakout Of the wedge to the downside I think we will see a retest Of the support below Analysis! Like, comment and subscribe...
✅SILVER is trading in an uptrend Alsong the rising support line And is currently stuck between The support 1 and resistance 1 levels Once we see a breakout either way The next key levels to retest Will be either support 2 or resistance 2 ANALYSIS📊 ✅Like and subscribe to never miss a new idea!✅
Silver - Intraday - We look to Sell at 24.08 (stop at 24.38) 2 negative daily performances in succession. Buying posted in Asia. Intraday, and we are between bespoke support and resistance 23.21-24.08. The bias remains mildly bullish but there is scope for a move in either direction at the open. Our profit targets will be 23.21 and 21.56 Resistance: 24.08...
Please 1st of all click the boost🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. XAGUSD backtested twice the previously broken violet downtrendline (zoom out) and it held as support. Price recently bounced up and now breaking the falling wedge. If the break is successful then we could see price rising to...
✅SILVER is trading in an uptrend And the bullish bias is confirmed By the rebound we are seeing After the pair retested the support So I think the growth will continue LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! SILVER is trading in an uptrend In a rising wedge and after The retest of the rising support We are seeing a bullish reaction So with all the evidence point Towards the high likelihood Of bullish continuation Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Completed the Correction " ABC " in a RISING WEDGE Pattern with the Breakout of Lower Trend Line #LTL We have Strong Selling Divergence in Long Time Frame #LTF It can Follow Some Bullish Moves to Complete its Correction at Fibonacci Level ( 50.00 - 61.80 % )
Forming rising Wedge in H4 Timeframe Rsi also printing Bearish divergence Incase Of Downside Breakout expecting Bearish Impulse