XAGUSD weekly chart
EMA cross is bearish
Silver is in correction wave 4
The correction is wedge pattern and could retest broken trendline at fibo 3 around $10
I'm bullish for the most part, but we have risk in this zone. If we do break higher on close, and stay there, we could see a massive short squeeze rally in gold and silver. In the case of gold here, the target would be 1714.28, initially, but could evolve into a resumption of the long term advance in gold, so, I'd reccomend simply owning some physical gold, on top...
Hi traders,
On the XAGUSD I'm looking to enter long at the top of the structure, expecting a breakout to happen. Target will be the 161.8% Fibonacci extension of the last bullish move (18.218)
Cheers
Silver is bouncing in these 4yrs, but in long term,it is still in bearish cycle,hard to break $49 and will finally see new low, after 2023, when gold turned to bearish trending.
Silver daily chart
Not very impulsive since december 2016 lows
Maybe need a big divergence, wave e, that would be a dollar increase
EMAs are together so there is no clear cross
Critical level is wave 4 from previous impulse at $8.9 , 2008 lows, fibo 3
Hi traders,
On the XAGUSD 4H timeframe we have a potential bullish bat pattern taking shape. Entry and completion at point D.
Entry: 17.581
Stop: 17.436
Target: 17.931 = R:RR 2.41
Good luck traders!
Looks Bearish As i can clearly see bears selling at top and no sign of bulls here same for gold as well short at price around 18.050 is nice price as this is very expensive now and no one like to hold this trade on long side.
Good luck Muze(xag/usd)
XAGUSD has been consistently growing on the Weekly timeframe:
We closed last week with an indecision bar; however, the fundamentals should point higher and the Daily timeframe is still on an upward trend, so this might be a physiological retracement.
Let's see where the 4-hour chart brings this moment of indecision to see a clearer direction, which could make...
XAGUSD has been consistently growing on the Weekly timeframe:
We closed last week with an indecision bar; however, the fundamentals should point higher and the Daily timeframe is still on an upward trend, so this might be a physiological retracement.
Let's see where the 4-hour chart brings this moment of indecision to see a clearer direction, which could make...
Hi traders,
On the silver hourly timeframe we have a potential bearish bat pattern forming right at the top.
Entry: 18.102
Stop: 18.149
Target: 17.996 = R:RR 2.26
Good luck traders!
Hi traders,
On this chart we can see a potential bullish bat pattern taking shape on the 2H timeframe.
Entry: 17.758
Stop: 17.662
Target: 17.956 = R:RR 2.06
Good luck traders!
Lets start to look closer Silver for reversing point
As our leader strategiest SpLift expect it can be in 18.10 / 18.30 zone
I'll try every opportunity this days
Silver has tested the lower range of February descending triangle at 17.75 for the second time since yesterday. I'd short XAGUSD once it meets
A. 18.10, upper range of the triangle;
B. 17.70, indicating break below its current range.
Target 17.20.
Hi traders,
On the XAGUSD we have a potential bullish cypher pattern taking shape. The pattern is invalid when price closes above 18.107.
Entry: 17.351
Stop: 17.143
Target: 17.775 = R:RR 2.04
Good luck traders!
Silver quotes continued trading above the bearish channel range described in the previous idea. XAGUSD approaches the follownig daily resistance at 18.15 displayed on the daily timeframe.
On main 1-hour chart a descending triangle is marked in green, its upper range at 18.01 was tested at the start of this hour. This level supplemented with R2 pivot point 18.07...
I'm not a fan of using the upper red trend line on this chart as it has very few touches (3 to be exact) in comparison to the one that Silver has already broken through. My thesis here is that Silver will be the out performer of the precious metals this year. Strength as Gold has been selling off and USD rising is unparalleled. We are currently at an area of great...
