2nd chance to get on board or to reload those SHORTs. Here is the previous post;
XAG completed the double bottom formation. Now preparing for the uptrend. According to the elliot wave principle, the first wave is completed. Now it's time for the second wave. (The first target is determined based on the ending channel formation.)
A few minutes ago I made an analysis and explained why I'm bullish Silver in the long term. Looking at H1 chart we can see that XagUsd is also bullish in the short term... After the drop from 2 weeks ago and the low from Monday, Silver recovered quickly and price and up just under 24.50 zone important resistance. In this H1 chart, we can clearly see that price is...
As always, when things are not so clear with Gold, I look at Silver, is more technical and often gives me "clues" As I said in a previous analysis, unlike Gold, Silver didn't made a new local low this week and stopped in strong 22 support. This week was finished with a bullish engulfing from this support and adding this fact to the bull trend that we are already...
In yesterday's comment I said that 24.40-24.50 is the line in the sand for Silver and as we can see from the chart, XagUsd stopped its ascent just under this level. Similar to Gold we can have a correction also here and a drop under 24 should clarify things. 23.50 and 23.00 could be good targets for bears with 1:3 R:R in the case you target the later. On the other...
Since August top at 30, Silver dropped 8usd (if we consider the low) which is approx 25%. The drop is clearly corrective in nature and, unlike Gold, Silver didn't make a new low. Now XagUsd is trading just under an important confluence resistance zone and a break and daily close above would signal the end of this correction On the short term 23.50-23.60 zone is...
Waiting for the daily candle closes below or above the strong support area. 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.
silver price is now in descending triangle if it break lower than we are going to 19 $ and close above and breakout than we will move higher
The price of Silver also dropped at the beginning of the week, but the chart looks very different than Gold's. First of all, we don't have a new medium-term low for Silver with the price stopping its descent just under 23. Second, from the last low, we have higher hights on our chart and the price looks very well supported by bulls. A break of this short term...
This area was last months support area where buyers was strong at. This area says alot. If we have a bounce of buyers off this area then we can see a huge swing to the upside. If the sellers continue and dominate this area then Im BEARISH next month because buyers could not lift there weight at a area from last month. If i continue to see sellers then im not...
Silver Sell Zone 24.30 To 24.50 Price Zone With Stop Loss Above 25.00 Price Zone TP1: 23.60 TP2: 22.70 24.50 Is identifying as strong resistance from the present price zone.
Hi Assalam-o-Alaikum , Dear GooD Evening Hope you are well and enjoing your trading , i'm here with my new analysis of SILVER Silver / XAGUSD Analysis For 19 Nov 2020 I hope my analysis will help you in your trading best of luck share your point of view about SILVER in Comment Section , Thanks
There is a very strong support area in the xag down-trend. If it passes there, it will reach 23.60 support first. With this support broken, 22.65 will come to the second support.
Hello Traders, XagUsd is a nice buy because it's hitting a large volume of buy orders right now. A good candle information at the big order zone will be the trigger for the buy. I will be posting updates if necessary. Thank you.
Like its bigger brother, Gold, Silver took a punch last Monday and the price dropped more than 10% in just one day. Once it hit the ascending trend line Silver started to recover and managed to close the week above 24.30-24.50 congestion. XagUsd remains heavy though, and I expect a new leg down soon. I will look to sell rallies above 25 zone and only a daily close...
WE MAY SEE ANOTHER BIG DROP ON SILVER. NEXT TARGET 24.30, 23.30, AND FINALLY 22.00. STOP LOSS 26.30 PRICE ZONE