I see this commodity positively bullish, now the price is stuck in the SND area and I try to provide Fibo Retracement, and the results are quite supporting this analysis to find the long area. There are 2 SND areas that are quite striking here, where the SND area intersects with Fibo 0.618 and 0.236, and the 0.236 Fibo area is also close to the bullish trendline,...
Preferred direction: BUY Comment: The idea of a long position from the formed balance at the level of 1981.680 is relevant, although the first time the buyer failed to realize the growth. Now you need to wait for the second entry into the balance, which will be a very strong entry point for buying. You can also consider a more aggressive scenario, namely...
Preferred direction: SELL Comment: The currency pair aggressively approached one of the key resistance areas 141.327 - 142.204. To pass this obstacle at the moment is not an easy maneuver for buyers. The area of resistance is interesting for its accumulation of volumes for pushing, after which strong impulses were generated. In general, the current local...
Silver (XAGUSD) gave us a very successful sell trade on our last analysis (see chart below) on April 12: The price rebounded right before hitting the 21.715 Pivot because it touched the 1W MA200 (orange trend-line). Even though May's rejection was done at the top (Lower Highs trend-line) of the Channel Down that started in August 2020, we may witness the...
Preferred direction: BUY Comment: Gold is still going according to plan from our previous trading idea, namely, it forms a balance at the level of 1981.680. Such a trend will most likely lead to an increase in the metal. The accumulation of short positions will generate momentum after the price closes above the specified level. Thank you for like and share...
hi dear trader silver need some correction i am looking for sell position after some confirmation on lower time frame good luck
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Bullish Channel as an Correction in LTF Completed " 12 " Impulsive Wave Divergence - RSI Break of Structure Falling Wedge in STF Resistance Level
Gold and silver broke above falling wedge bullish Natgas still chopping within it.
Preferred direction: Neutral Comment: The metal reached its target at 1981.680, as we analyzed in the previous idea. At the moment, buying priority is still possible, but most likely there will be pauses in the accumulation format at this level. If the instrument is too long with accumulation, then it is more likely that there will be a release from this area...
silver's movement still tends to be bullish, although in the last 2 days there has been compression where the candle that is formed is small and lacking in content, but structurally it still forms a new HH. there is still a possibility to continue the bullish trend slowly.
AGQ a leveraged ETF of silver and its futures, spent mid-March to mid-April on a great uptrend from which it pivoted down in a 50% Fib. retracement which took two months to complete. After a bit of consolidation and sideways channeling, it has finally launched into bullish continuation as shown on the daily chart. The Lorentzian AI machine learning indicator...
I wanted to draw your attention to some intriguing developments in the market that may significantly impact your investment strategies. Specifically, I would like to discuss the recent divergence between silver and gold prices and the weakening US dollar. By understanding these trends, you may be able to make more informed decisions and potentially enhance your...
Preferred direction: BUY Comment: Metals remain a medium-term and long-term BUY priority, but a false down move is more likely in the short term before more global impulse continue. Rollback is not considered below the support of 1938.915. Growth target (medium term) level 1981.680. Thank you for like and share your views!
Last week was a good one also for Silver, with the price managing to break above two important resistances: 23:20 and 24:50. Now XagUsd is trading comfortably above the latter, which should provide support now. That being said, dips in the 24.50 zone should be bought and the target could be set in the previous high zone around 26. Negation comes with a daily close...
Preferred direction: BUY Comment: The buyer retains the initiative and the previous trading idea for gold in force. We are considering longs, it is best to do this from next week. There is a possibility that at first the sellers will try to approach the level of 1938.915, which is unlikely to succeed, but there will probably still be movement in that...
Silver is a precious metal that has long been valued for its versatility, beauty, and rarity. Its unique properties have made it an important material for both monetary and industrial uses. While silver is often overshadowed by gold in terms of investment appeal, it has its own unique investment potential that should not be overlooked. Based on the data from The...
On Friday morning the price of silver was USD 24.8. The sharp rise was triggered by the weakening of the dollar on Wednesday, which was influenced by inflation data in the US. When looking for reasons why silver is stronger than other commodity markets (for example, gold has risen in price by no more than 1.5% over the same period), you may not find satisfying...