Look for the move down to break the bigger trend line and complete a (3)/Y of WXYXZ. After that we will probably pull back to re-test the resistance zone for the second X and lastly, we will get (at least) 1 more down move to the 16.5 / 17.0 range to complete the Z.
Check out some of my other ideas posted under 'related ideas' down below.
Seeing the new development between US and China how China is releasing tarrif on some of the US goods showing good strength on USD is expected somehow.
As a safe heaven, Gold is usually where investors run to in trade war crisis, but when there seems to be peace, some buyers begin to sell.
As the trade war seems to be quietening a bit, the...
The reversal candlestick pattern at the resistance level tells us about a possible reversal. RSI is in the overbought zone, and it is going to move downward. If so, we will get the strong signal confirming the bouncing from the resistance. MACD histogram supports sellers.
DMI is bullish and confirms the strength of the trend. When ADX line starts falling, it will...
As you se on 3D chart the price bounced from 2,5-Years High 18.651.
We can open Buy in marked Zone ONLY if daily candle will cross this high and will close above it.
Next target will be 3-Years High 20.074.
Black levels are my points of interest where I'll be looking for next longs on Silver. 18.00 looks very fragile currently, not giving much hope on it to hold. 17.60 seems mellow, but 17.00 looks nice with all that Fibonacci confluences (0.5 of the full bull ride since end of May (red one) + full retrace of the last bull run (blue one) + 1.618 extension of the last...
XAGUSD is expected to drop to 1st support at 18.1722 where it could potentially react off and up to 1st resistance at 18.3192.
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Silver “XAGUSD” made a new high last week. The commodity appreciated by over 30% between June and August 2019. The price climbed from the low at $14.30 to as high as $18.64 in less than three months. The last time Silver traded this high was in April 2017.
Instead of simply extrapolating the recent strength into the future, let’s take a look at Silver through...
MMHVW - I’m seeing 3rd wave completing roundabout this level and a pullback to wave 4. Thinking target 0.38 fib of of wave 2-3. One of the reasons is this bear engulfing on the 1hr and price is also in supply zone on the daily. The pullback after the formation of the Bear Engulfing looks weak and at this stage unable to break above it.