I expect silver to hit 1 more time 24.000 - 24.150 and then blow UP !!! :)
If we can break and close above the 24.70 area that should take us back to the 26.00 zone, which is another hurdle. If we break below 23.90 that would take us to 22.00 zone. 😎
XAGUSD Has following the same path as GOLD as its got some rejection around 1.25560 a Bearish engulfing candle was formed and felled towards 23.879 a s the USD got some major BID in recent days. The major redline was broken on October 13 with strong bearish candle along with a doji candle. The price was bounced from 23.875 and approached towards 24.600 level...
My analysis always look as simple as possible, with this glaring opportunity (Bearish flag) i will love to give this bag as my birthday gift to my followers and those that support my work.... ENTRY 24.20 final TARGET 15.80 About 840 PIPS.. Bag safely using proper risk mgt... stay blessed.
Silver Sell Zone @25.30 SL: 26.00 TP1: 22.50 TP2: 19.00 Breaking Above 26.00 may open The Door For 27.00 and Finally 29.00 price Zone
LOOK FOR LONG SILVER NEAR 22.80/50 FOR THE TARGETS 30$ 32 $ IN FEW WEEKS JUST TRADE WITH PROPER MONEY MANGEMENT THANKS
Please share with me your thoughts, Kind regards
Midterm forecast: While the price is above the support 19.65, resumption of uptrend is expected. We make sure when the resistance at 26.20 breaks. If the support at 19.65 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. While...
Midterm forecast: While the price is above the support 19.65, resumption of uptrend is expected. We make sure when the resistance at 26.20 breaks. If the support at 19.65 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. While...
I'll be looking at the weekly resistance to go short. Let's see how it plays out 😎
Hello Traders, Here is the Top-Down Analysis of SILVER - XAGUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Price moved bullish breaking several structural levels to stop at monthly support now turned resistance and moved down for correction. After a huge impulse we expect price to retrace till 0.382 or 0.5 Fib levels on...
Please share with me your thoughts, Kind regards
Silver is not an easy market. It depends of many factors. Precious metal so most of the time follows gold. Industrial metal so it follows stocks as well. And as most assets the dollar determines its movement. Right now I think the significant part of silver damage in this intermediate decline is done. The decline started at 30$ and it dropped down to 22$. It was...
Please share with me your thoughts, Kind regards
Here, In the beginning, the trend was incremental. But after making a sharp peak, it converted into the descending one. It started to increase by making arc-shaped strong support and fell from the peak. The trend made an ascending triangle between the support trendline and resistance trendline. If from the last candle of an ascending triangle, It moves in...
We Have an Analysis Of XAGUSD H3. This Analysis Based On Price Action Theory. According to Multiple Analysis, We Can See That the Market has a Bullish Direction Even those market prices make a double top 🔺This indication of sell but due trend line or previous support we consider & For this We have Two ✌️ Target (Resistance) Area Around @24.117 & @24.400 For...
I would like to see silver fly to the upside after rejecting the previous key structure. I have placed a potential buy limit with ideal SL and TP positioning. COT Data - 69% Long
Today I've closed my short trades on Gold on 0 for one simple reason, I don't understand... And turned to Silver for a clue... and the situation looks more clear here. Silver found a bottom on 21.60 marked by a clear and nice pin bar. Since then, silver put in H-L on our chart and mow is trading in resistance. I believe we will have an upbreak and the next target...