XAGUSD HIT A MOJOR RESISTANCE ON 4HR CHART ILL BE SELLING IT
Based on my analysis. Both XAGUSD and XAUUSD will going down soon. 16 Dollar its my target.
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...
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 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...
@ridethepig Silver Market Commentary 16.12.2020 => It was no struggle for buyers to take out the diagonal resistance. Then, what comes next is a paralysing advance. Should some sellers wish to continue holding once the initial targets are hit then we can see capitulation. This is a typical continuation flow with Fed which can be played here. The bid will...
Let's see how it reacts. 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.
Time for us to sell silver with an attempt to touch/test the support or break it and go lower
Our short-term sell Silver idea with our stop loss, take profits and 'sell more' levels
2nd chance to get on board or to reload those SHORTs. Here is the previous post;
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...
XAGUSD has a falling trend and it is losing its power. For the 1d graph, it has lower highs and a "falling triangle". Also, shoulder-head-shoulder formation and double pick were seen in the short past. They indicate weakness. I'm more close to short but before taking a position, it must wait for a confirmation. Short opinion: If it will break the support...
HI friends! I have drawn a potential head and shoulder pattern developing. We do currently have a small bullish divergence on the RSI on the 4H chart, this could help develop the right shoulder. Potential target for the head and shoulder is around 21.8$ and if thats the case that could put us in a double bottom scenario. Please leave a like if you find this...