Silver prices shows positive trades now in attempt to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend for today, which targets testing 25.30 as a next station.
Therefore, no change to the positive scenario that depends on the price stability above 24.90, as breaking it will force the price to turn to...
We already discussed the possibility of a count involving a lower low in silver (link in description).
After a long distribution in the white range, silver dropped overlapping the price territory of first leg up, therefore invalidating the possibility of an impulse to the upside.
Now we are again at resistance, and price may form a lower high.
In this case, silver...
View On Silver XAG/USD (30 Mar 2023)
Silver is in the strong BULL mode recently and it shall continue that way for now.
As long as $21.5 holds, every pullback is a support and it shall swing UP higher "eventually".
Be patient, and get it slowly.
We shall see $24.5 region soon.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press...
Hi,
The trend-resistance line is working hard in the first days of the week, indicating that we will return to the price of the 50/200 MA line cross
This is just an idea
Take care
The possible scenarioes of Euro/Dollar is indicated on the chart, pay special attention to the supply and demand levels indicated on the chart!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 04.03.2023
⚠️(DYOR)
❤️ If you apperciate my work ,...
H4 - Price has reached a key resistance zone.
Bearish divergence.
No opposite signs.
H1 - Bearish divergence.
Until the key resistance zone holds my short term view remains bearish here.
If the price breaks below the low at 23.561 we may then consider it as a validation for this bearish view.
low risk on this trade due to high probability of SL being touched , so be risk careful - overall bullish on silver this week and coming weeks , so looks a good play , great risk to reward setup
Gold breaks the support of the uptrend channel and renews the local low. The price is forming a sideways range. How might this affect the price?
When channel support is broken, price breaks the 50-hour and 200-hour moving averages on the 1-hour timeframe, descending to a low of 1950. There is a chance that the price will bounce from the SMA on the retest and go...
Silver is at a critical point as it is approaching Resistance (1) at 24.600 that is holding for the past 3 months.
The MA50 (1d) is flattened and is inside the Pivot Zone.
Trading Plan:
1. Sell as long as the price is closing under Resistance (1).
2. Buy if the price closes (as 1d candle) over Resistance (1).
Targets:
1. 22.250 (Pivot Zone).
2. 26.000 (under...
My dear followers ,
I analysed this chart on XAGUSD, and concluded the following:
The price is coiling around a solid key level - 24.109
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Goal - 22.977
My Stop Loss - 24.751
About Used...
Silver is unstoppable.
The market keeps growing like crazy.
Here are 3 important structure resistances from where we may see a pullback.
Resistance 1: 24.28 - 24.63 area
Resistance 2: 25.82 - 26.22 area
Resistance 3: 26.7 - 26.9 area
Consider these structures for pullback / breakout trading.
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Hello Traders, investors and speculators :)
After some time, I have to share chart of silver again. You can see that Silver is approaching and testing most important resistance zone and down trending channel. After breaking the yellow channel, it could confirm growth trend for higher highs.
If Silver can break above 30 USD, it would be a significant recession...
Hello,Traders!
SILVER is approaching a
Horizontal resistance level
Around the 24.4$ and after
The retest a correction will be
Expected and out target for
The move down is 23.53$
Sell!
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My dear friends ,
XAGUSD looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 24.100.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 23.020
Safe Stop Loss - 224.766
About Used Indicators:
Pivot points are a great way to...
here XAGUSD is making bearish diversion on rsi index with rising wedge pattern on 2H chart.
we will be taking entry on breakout rising wedge on last higher low with sell stop
1. Trend is there
2. Bearish diversion
3. Rising wedge pattern
Risk Management
1% risk on each trade
total risk 2%
Stochastic showing overbought conditions for quite some time on the daily chart.
We have seen this retracement down many times before, it acts as a strong resistance.
The 4-hour chart helps navigate the shorter-term direction with an immediate hurdle at around $22.56, which can be used for early exits.
The longer term target could be at around $22.10, which is...
