So lets take a look at Silver (XAGUSD).
We've done plenty on Gold and there are many whose eyes prefer Silver as a metal to trade..
Previous PA levels seen far back are going to give the smarter money a place to pick.
Lets cover it.
SIlver is at support with a very oversold rsi on the daily. My guess is a wee bit lower but then it's a buy for an attempt at the previous highs of 30+
good luck!
There are various tickers you can look at, all of them look to be at or close to support with steep hidden bullish divergence. Individual stocks would include - FSM, AG PAAS, EXK among them. This is the ETF for Silver miners. Slightly lower is possible, but I think the metals and miners will probably get a bid within a few weeks if not sooner. This would be a...
Thought of the day
The gold price has come off from its recent high as US President Joe Biden expressed confidence in avoiding a government default amid progress in debt ceiling negotiations, better US data, and hawkish comments by some Fed members. At around USD 1,975/oz at the time of writing, gold is now around 4% lower than the year-to-date high reached...
Like its bigger brother, Gold, Silver also dropped hard these days.
However, looking at price action this week we can see that the drop lacks much momentum and is drawing a falling wedge pattern on our short-term charts.
This could be an indication of a reversal and the 24.50 resistance zone could be the bulls' target.
A new low would negate this scenario
After 4 weekly range candle and sharp bearish leg, now we have a strong HTF support that includes (Bearish TrendLine, FTC Flipped Zone and Bullish Channel MiddleLine).
We still looking for more triggers, to ensure that pullback is done!
According to strategists at ABN AMRO, the price of gold in US Dollars could be set to ease slightly to $2000 in 2023, before rallying in value to $2200 in 2024.
Of course, one of the biggest advantages to include gold in your portfolio is to hedge against inflation.
Despite a rally of over 10% this year, the price of gold may face limited upward movement from...
XAGUSD / 1D
Hello traders, welcome back to another market breakdown.
Silver has reversed from a KEY level. Which suggets a high probability of lower prices to see. I'll be waiting for the neckline to be tested from a technical point of view.
Trade safely,
Trader Leo
Hello Traders,
Hope you all are doing good!!
I expect XAGUSD to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market...
According to strategists at ABN AMRO, the price of gold in US Dollars could be set to ease slightly to $2000 in 2023, before rallying in value to $2200 in 2024.
Of course, one of the biggest advantages to include gold in your portfolio is to hedge against inflation.
Despite a rally of over 10% this year, the price of gold may face limited upward movement from...
XAGUSD is back on ACCUMULATION MODE.
Buyers are back on their positions based on 4H data. Net buy Volume has started coming in.
Expect some bounce from the current price range of 24.00
TAYOR
safeguard capital always.
Hello,Traders!
SILVER was trading in an
Uptrend but now we are
Seeing a bearish breakout
Of the key horizontal level
Of 24.8 and the breakout is
Confirmed so we are bearish
Biased and after the likely
Pullback and retest we
Will see a move down
Sell!
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Check out other forecasts below too!
Spot Silver dropped this past week about 6.5 % from its high early in the week. On the
15-minute chart the drop occurred over three days. XAUUSD is now underneath the POC line
of the volume profile as well as the negative bands of the mean anchored VWAP. The Mass
Indicator and faster / slower MA ratio indicator are both near the zero line showing...
My dear followers ,
XAGUSD looks like it will make a good move, and here are the details:
The price is coiling around a solid key level - 23.959
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Target - 23.229
My Stop Loss - 24.376
About...
the movement of silver looks bearish, but in my opinion this bearish is a correction from the bullish trend, this analysis will fail if the price drops more than the invalid area. we can take the opportunity to sell when the price of a possible correction rises in the SR Flip area
✅SILVER broke the key
Horizontal level of 24.7$
And the breakout is confirmed
So I am bearish biased now
And I think that we will see
A further move down
SHORT🔥
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We bought Silver up to the top!
Now we have a retest of resistance and we are looking to sell this one!!
We are not yet touching the tip top of the wick from the last move up on the day chart but we are darn near about to touch!
Plan....
I have a sell limit order at the top of that wick with a very small stop loss....
I have also opened 2 sell orders that...
