Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis.
The last three weeks Silver perfectly tested a quite obvious previous weekly support zone, which was now turned resistance and with this weeks candle the market finally rejected the zone towards the downside.
Considering the fact that we are now testing an insanely strong...
Grab this Aggressive SELL🛑
After creating up move XAGUSD can go down as rocket 😃🚀🚀🚀🚀
🔇🔇warning🔇🔇
Must use money management💵💵
This not a signal just my perspective 💹💹
Silver has been steadily making its way to the up side since mid Dec 2022. At the top it has been contained around the 24.24 level, while it has been consistently making higher lows. This kind of price action is similar to a spring that is coiling up and it will have a strong release.
I expect this coiling PA to continue for a few days still. If this works out as...
This Analysis is Based On Price Action Theory.
According to this Analysis, the market comes through the descending channel with multiple pullbacks & bounces back during this phases price in ranged and also break Descending channel with buying pressure form new Ascending channel if price will follow the channel then we have targeted price near 22.82451 & if the...
Silver has been going towards supply all week long. It has continuously broken market structure and will continue going up most of next week. The TP of 25.810 is expected.
This is simply an idea.
Price broke above a major resistance zone and has now respected it as new support.
Bulls have shown up and this trade now looks great for a buy.
Here is the play I will be taking.
Entry = 23.1109
Stop Loss = 21.9736
Take Profit = 26.2518
I am going long on XAGUSD (Silver).
My Elliott Wave count points me to a C leg in an Impulse or Diagonal as the next possible move.
XAGUSD Long - Technical Analysis:
- ABC (Minute (orange)) sequence
- Bullish Bat Harmonic
- Bullish Divergence
- 78.6-88.6% Fibonacci Retracement of Minor A (white)
- 161.8% Fibonacci Extension of Minutes A&B (orange)
Silver Buy...
Silver - Up, Up and Away!
Double bottom - been loving the long side of silver, any pull back is an opportunity towards 23 half areas imo and be careful as we still have nfp but even if get a pull back on nfp I am dripping in further silver and other pairs.
Best,
TJ
XAGUSD is in the process of formatting a rising wedge pattern on the daily graph which might give a bullish momentum for the instrument in the next couple of days. The weakening of the dollar is also making investments in precious metals more desirable for the investors.
RSI indicator is strongly confirming the outlook, being above the 50 neutral line, the...
