In this introduction to Silver analysis using AriasWave I break down the long-term pattern right up until this very moment during this buying climax. I thought this would be a great time to to start officially bringing regular Silver updates due to the current speculative environment. I want to highlight how speculative mania's usually lead to a short-term top...
I rarely trade silver, but here's what I see. I against the hype! Catalyst: - Price action Here's below my entry
MARK UP PHASE TIME TO JUMP IN LONG OPPORTUNUTY
As always, Silver is showing a more clear picture than Gold... On Monday, similar to Gold, we have a false break of support, marked here with a strong reversal Pin Bar on H4. After this fake break, Silver re-entered its familiar range between 24.50 and 26. Yesterday the intraday spike on Gold also affected Silver and bulls managed to keep 25 important zone...
XAGUSD, Meets a strong rejection of Price due to strong Support!
Good Morning traders today I bring you a trade on Silver (XAUDUSD). Many analysts believe that price of Gold and Silver is going down but I think there is a high chance that we see price rise today. The 50 moving average is acting as support, at least for now and this is enough for me to go by. Entry: Market at 25.52 Stop at 24.70 Profit at 27.15
In my 2 days ago analysis on Silver I said that the rise from 24.50 is clearly corrective in nature and rallies towards 26 should be sold. At the time of writing, Silver looks like it carved a local top and a lower high and it is resuming its bearish trajectory. I'm bearish Silver in this context and I expect a new leg down under 24. Gains should be very well...
For my friend who asked for it. Here you go buddy.
Updated Small Chart. Increased possibility for higher levels.
I am expecting a further fall to 24.00 region
Good luck to you! Don't forget to like and share, it really helps. Follow for more. This is just an idea, not financial advice.
After dropping around 18% from last week s top, Silver found support on Monday at 24.30 and started to rise. The rise is clearly corrective in nature and it looks like a flag. I expect gains to be very well capped around 26 resistance and we can expect a new wave of sales from here. A good target for sellers can be 24.50
silver accumulation to build energy for upside move. professionals increase 6k long by last four weeks. while commercials increase 8k shorts. net impact of 14k long side.
Unlike Gold, Silver chart looks quite different. Despite the fact that it did rebound of the support, the price is probable to drop to 20usd before rebounding. This makes us prefer Gold at this stage. Yes, they do rise or drop together. We prefer to buy AGQ (ETF ProShares Ultra Silver). Trades like a share, no expiry, more controllable.
Price has rejected the daily resistance but also rejection trend line support , we will take short if price breaks and retest the trendline
Silver chart is showing really good trend line support here it can move higher and higher Silver price today is moving in below last 3 day low. breakout above will be our entry. After correction in US dollar Commodities Price is moving good also in pandemic situation Investor majorly hold the commodities and bitcoin which is one of the best investment...