Preferred direction: SELL
Comment: To date, one of the most prone to falling currencies. This pair has broken through significant daily supports and now the downside potential for the pair lies at the level of 0.62000. The current deal is more conservative and the target is seen at the level of 0.64000.
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✅SILVER has been falling recently
And Silver seems locally oversold
So as the price is approaching a horizontal support at 22.2$
Price growth is to be expected
LONG🚀
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Preferred direction: SELL
Comment: Buyers here also failed to take advantage of the 1912 support level, and the price only slowed down the fall, but did not reverse the price. Given this fact and the general context of the market, the level of 1912 is most likely to be broken down in the near future. The next stop of the metal is likely at the level of 1900, a...
Preferred direction: Neutral
Comment: The level of 1912 immediately marked itself and the price rebounded. However, it is probably not worth counting on a reversal. Today or at the beginning of the next week, the metal will most likely once again enter under the level of 1912. In the area of the level of 1910 - 1912 in the near future, it will most likely stop...
Preferred direction: BUY
Comment: The price continues to accumulate near the resistance level 0.87757, which is the break level. This is a very important level, you can learn more about it in details of this level below. Regarding the targets, in this case, longs can be with the potential at the level of 0.89500, where the previous area for pushing is...
Intraday : Key resistance at 22.93
Our preference
Short positions below 22.93 with target at 22.50&
22.34 in extensions
23.3200Resistance
23.1800 Resistance
22.7500 last
22.9300Pivot
22.500 Support
22.400’ Support
22.2000 Support
Comment
As long as 22.93’resistance look for copy price action with a bearish bias
Preferred direction: Neutral
Comment: The previous idea in shorts worked perfectly. Result +2400 points. At the moment, sales are still relevant, there is room to fall, however, a partial fix and, of course, a transfer to breakeven is required. At least a small recovery can be expected soon.
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There is no significant news in the market today, and gold is at the lower end of the trading range. I anticipate that XAUUSD will rise to at least the top of the trading range.
Preferred direction: SELL
Comment: Yesterday's trading idea in short gold has already begun to work out. Everything is unchanged here, we stick to the previous course. Also, during the opening of the European session, the same entry point was formed for shorts on silver. This metal is also expected to fall to the level of 22.80.
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Preferred direction: SELL
Comment: The looking for shorts for the British continues. Previously, our ideas for sell for this currency pair worked out perfectly, you can also find them in the profile. The nearest target of the fall is 1.26989, from where sellers will develop downward movement. There is also a possibility of a false breakdown at the local...
Waiting for a retest of 24.03681 to short XAGUSD back to 4H key level at 22.72148
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Are you ready for a new week of trading? Let's delve into the analysis of GOLD (XAUUSD) using the 4-hour chart and assess our expectations for the upcoming period.
The current price action of XAUUSD is exhibiting several signs that suggest another downward movement in the beginning of this week, possibly leading the price to reach the bottom of the trading range...
Preferred direction: BUY
Comment: The plan for gold has fully worked out, and now, just like with the euro, you can start looking for buy-positions. At the moment, the focus of our attention stays near the level of 1938.915. However, before the growth, another small downward impulse is expected, at which the price may reach the level of 1920. The medium-term...
✅GOLD is trading along the long-term rising support
And as GOLD will soon retest it
I am expecting the price to go up
To retest the supply levels above
LONG🚀
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In our preceding discussion on silver, we delved into the dynamics of supply and demand, highlighting the deficit in supply compared to demand throughout 2022. In addition to that, we talked about how this opportunity, coupled with some other factors, could present an interesting opportunity to go long silver. Since then, the price of silver rose from around...
Since it`s top in may silver has been in corrective mode. I exited my last trade on April 14 close to the top and have been on the sidelines since then – see my last idea. In my opinion the correction is nearing its end.
Looking at gold I expect this next upcycle to be even more aggressive then the last. I´m not in the camp of the triple top – to the contrary...
