After making an instraday low just under 22 figure on Monday, Silver has started to recover and now is trading at 22.55.
However, the rise from the low looks corrective and is overlapping and now the price is also facing 22.60-22.80 strong resistance zone.
My opinion doesn't changed and I 'm still bearish Silver but at this moment I wait for more confirmations.
A...
In my last Silver analysis I said that above 23 is strong sell zone for Silver, and after 3 attempts to stay above this figure, Silver has dropped hard, confirming these attempts as false breaks and breaking back under 22.60 support.
Now XagUsd is trading at 22.15 which is minor support and I expect continuation to the down side.
My medium term target for Silver...
In my yesterday's commentary on Silver, I said that around 23 is the best place to sell.
If we look at the h1 chart, we can see that since the 21.50 low and daily support, Silver has started its rebound.
However, the rise is overlapping, not impulsive, and is drawing a rising wedge on our short-term charts.
At this moment Silver is entering my sell zone between...
First , I think down to about 1670
after that real trent will start to 2700.
fed will do somethings but I do not think that is enough to keep market fastly , enflation may be more than we think.
Of Course do not trust me :)
Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The wave count performed for the silver weekly time creates several movement scenarios, but in all of these scenarios an upward movement the size of wave (1) is confirmed in the current analysis.
In the current...
Not financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Not financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Reason to entry:
-Pullback after Wedge Pattern Breakout
-Near EMA 200
-Strong rejection candle on the pattern
-Strong Previous structures as resistant
Entry:
-Pullback to wedge pattern support
Void if:
-price close inside the pattern
Remember that market always right!
Manage your trade well!
Technical Analysis Summary
XAG/USD
TREND ANALYSIS
We have 2 Downtrend in red color (Internal and long term)
We have 1 Uptrend in green color (Internal Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use...
MN Trend: Downwards
W1 Trend: wait for price to retrace before continuing to buy
D1 Chart:
1) Buy from CP level OR
2) wait for bigger price retracement if price breaks through D1 CP level
H1 entry:
2 SELL zones...
Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The wave count performed for the silver weekly time creates several movement scenarios, but in all of these scenarios an upward movement the size of wave (1) is confirmed in the current analysis.
In the current...
MN TF:
Price still in SELLS and price is reacting off WK supply
WK TF:
Price is reacting off WK supply - in SELLS
D1:
Price needs to break D1 Demand zone
Since August, Silver is trading in a 10-12% range, with a low just above 22 and a high in 24.50 zone.
At the beginning of November, we have a false break above resistance and a quick drop to support afterward.
Usually, false breaks lead to strong moves in the other direction and I don't expect this time to be different.
In conclusion, in my opinion this support...
In my previous Silver analysis I said that XagUsd is more bearish than Gold, arguing that after the false break of the H&S pattern, the price would also break the trend line support and fall to 22.50 support. And, indeed, the price fall even more and found support at 22.
Now we are in a normal rebound and 22.80-23 zone should act at resistance at this...
