Preferred direction: SELL
Comment: It’s not particularly possible to find long entry points for the Australian currency. Here it is better to stick to the sell-priority further. At the moment, the price is at the resistance level of 0.63775, which makes it possible to gradually gain a short position. One need to understand and give some room for the fact that...
Silver is currently in wave 2, which appears to be a 335 flat correction. Wave A had 3 waves and now we're in wave B where we're expecting another 3 wave structure.
It appears as the bottom is in so we can use the lows as invalidation level.
Trade Idea:
- you can either enter now with stops below the lows
- Or wait for a pullback (retracement) and enter with...
✅SILVER was trading in a
Downtrend but now we are
Seeing a breakout from the
Parallel range pattern and
The breakout is confirmed
So I will be expecting
A further move up on Monday
LONG🚀
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Hello,Traders!
SILVER broke out of
The range pattern and
The breakout is confirmed
So I will be expecting
A move up
Buy!
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Check out other forecasts below too!
Silver hit the Rising Support of the bottom of the Triangle.
The sell off got more heavy after a Golden Cross on the (1d) time frame.
Even though based on the March 8th 2023 fractal there is one chance for a slightly lower bottom, those oversold levels are ideal for buying.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 23.765 (Resistance 1 and...
Since last Friday's high and strong reversal from 23.50, Solver has dropped 1500 pips.
Like in Gold's case, bulls were unable to recover some of the losses and XagUsd is consolidating in the support zone at 21.
Here we could also have a new leg down after the consolidation and the obvious target for this drop (swing trading) is the next support at 20, so, 1k pips...
Preferred direction: Neutral
Comment: Sell-priority is maintained in terms of price. Level 147.816 is in focus. On non-farm, the price can dive deep down and then try to recover. You need to be as careful as possible with this currency pair tomorrow during the release of labor market data.
Thank you for like and share your views!
Silver has broke the trend line in the megaphone channel and will there will likely be a bearish retest. If price decline comes after retest, the silver price will probably go to find the megaphone channel dip. Mid / short time , this will be a bearish movement.
But in long term , after breaking this megaphone channel, silver will meet new ATHs in Q3 2024.
NOT...
💬Description: At the very beginning of the week, the story of last Friday is repeated, and metals are lying around even before the American session. Buyers really have little to count on, we talked about this in our last trading idea for Gold .
At the same time, the price is approaching the next support, and this time the chances of an upward correction are...
Pair : XAGUSD ( Silver / U.S Dollar )
Description :
Impulse Correction ( ABC Corrective Waves / Consolidation Phase ) Impulse Completed. It is Following Consolidation Phase in Short Time Frame if it Breaks the Upper Trend Line then Buy and If it Breaks Lower Trend Line and Retest then Sell
In my Saturday video analysis, I said that Siver could drop and test the 21 zone.
XagUsd dropped hard and even exceeded my target. After the low under 21, Silver started to consolidate and recovered some losses.
The recent price action is carving a small double bottom on our chart that could lead to further gains.
However, considering the strong down pressure, I...
Preferred direction: BUY
Comment: A drawdown is also expected for metals, but not as deep as for the same currency pairs. Here the downside potential is most likely almost exhausted. It is best to enter from current levels after a false breakout downwards. The round level 1850 is considered as a target.
Thank you for like and share your views!
🔸Hello traders, today let's review 8hours/candle price chart for spot gold. currently we
are locked in trading range and therefore no clear direction, so I recommend to focus
on shorting high and buying low, details see below.
🔸Trading range is defined by range highs at 1957 usd and range lows at 1910 usd.
premium prices overhead at 1965/1979, below at 1890/1900....
👋 Good day, traders!
📉 XAG, after being in a sideways trend for three months, is breaking the $22.43 level with a weekly candlestick pattern, signaling a short towards three target levels: $21.70, $20.60, and $19.23. I recommend considering sales from the aggressive level of $21.20 and the conservative level of $22.00, expecting a potential profit range of 1.5%...
Natural Gas Price Forecast DXY Oil Gold Silver
Welcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a...
Lets go New indicator, new trade. Got the next 36 hours off lets trade all of them lol. I think more down side push today i gave back some money even though I knew it was going to consolidate and run up and down across my entry. Mistake to trade at work missed 3 oppurtunities to get out with at least $400. SMH. Anyways, lets see what the market has for...
Silver Prices Slide to One-Week Low with Bearish Momentum Intact
Silver prices have dipped to a one-and-a-half-week low, trading around the $22.65 level during early European trading on Wednesday. Although the white metal has managed a slight recovery to the $22.80-$22.75 area, it remains down by approximately 0.30% for the day. The technical setup favors...
Preferred direction: BUY
Comment: Another purchase is expected for the pound. The situation here is similar with the Euro. Sellers are still strong, but there is a high probability of an upward correction against the backdrop of data from the US. A small stop loss is required in this case. Growth is moving toward resistance 1.22369.
Thank you for like and...
