Balance of buyers and sellers on the SILVER pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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Preferred direction: SELL
Comment: The escalation of the situation in the Middle East last week also affected gold prices, but the current prospects for a fall are still relevant for the metal, according to technical analysis. Volumes here also allow for a fall, and there is a resource for the fall in the form of accumulated purchases.
In addition to the fact...
Preferred direction: SELL
Comment: For the British pound , we continue to adhere to scenario №2 . The first, as we remember, has already been worked out, but since the fall continues to be relevant in the medium term, scenario №2 is also relevant. Just like other major currency pairs, the pound has accumulated buyers within the current balance, which is a...
More often than not, OANDA:XAGUSD provides clearer signals than OANDA:XAUUSD when it comes to technical analysis. In contrast to its bigger brother, Silver exhibited distinct signs of weakness right from the beginning of the year.
This was evident as the price broke below the ascending trend line that had originated in October (In the case of Gold, the price...
Preferred direction: BUY
Comment: The dollar is still being considered for sale. There were low expectations that we would see a strengthening of the US currency before the publication of inflation data in the US. But nevertheless, the buy-priority remains in USD .
USDCHF forms a clear accumulation, which is filled with market sales. And this means a...
Look how nicely Silver respected a solid horizontal supply area on a 4H.
We see a strong rejection and a formation of a cup & handle pattern.
Odds are high that sellers will push the prices lower now.
Goals: 22.75 / 22.55
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Although recently we saw a price rebound in EASYMARKETS:XAGUSD , still, the commodity remains below our 200-day EMA and a short-term downside resistance line drawn from the high of December 3rd. That said, in order to continue aiming lower, a break below the 22.51 hurdle, marked near the lows of December 13th and January 11th, would be needed. Until then, we will...
✅SILVER is going down now
After the price broke the
Rising support line so
I am bearish biased and
I think that we will see
A further move down
SHORT🔥
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HELLO TRADERS,,,
As i can see this chart is performing a harmonic pattern H & S and a clear view that this pair still in range for a very big incoming move Israeli and GAZA Tensions are escalating more & more Day by Day investors and traders are looking for safe-haven Gold already break 2000 level and looking for making a new all time higher high silver has also...
Preferred direction: SELL
Comment: Recent events in the Middle East have made markets nervous. In turn, this has traditionally generated demand for metals. However, so far the situation is not particularly serious, since Yemen is a constant point of hostilities. There are unlikely to be any strong purchases in metals until the end of today's trading day. But...
Preferred direction: BUY
Comment: We continue to consider this currency pair in the format of a strengthening U S dollar. The pressure to the level of 0.85696 also indicates the likelihood of a breakout upward, which we are already waiting for throughout the current week. Most likely, we will see this in the US PPI data.
Two scenarios are considered for...
Preferred direction: SELL
Comment: For Gold , we also consider two scenarios simultaneously. Since, against the backdrop of the publication of inflation data, it is quite logical to expect increased volatility, and false movements are not excluded. Our main direction is to sell and consider a fall to the 2000 level, with the potential for further...
Preferred direction: SELL
Comment: Ahead of the inflation data , the situation for the Euro did not change. The current sluggish recovery is due to a surge in market sales that were missed by limit buyers. This does not mean that we will now grow rapidly. Most likely, a major player has not allowed the price to move, as the impulse is delayed until the US...
Hello,Traders!
SILVER broke the rising
Support line and is forming
A kind of a bearish flag
Pattern beneath the broken
Line so we are locally bearish
Biased and we will be expecting
A further move down
Sell!
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Check out other forecasts below too!
Silver (XAG/USD) has reacted off a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 22.884 which is a pullback support.
Stop loss is at 22.300 which is a level that sits under a swing-low support.
Take profit is at 23.520 which is a level that aligns with an overlap resistance that sits close to the 50.0% Fibonacci...
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As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal...
Preferred direction: SELL
Comment: The picture is absolutely the same for silver as for gold . A fall is also expected here. The technical setup and volume accumulation indicate an upcoming downward impulse. It should be noted that the short-trade for this metal is one of the most promising at the moment within the framework of the general strengthening of...
