Unlike Gold, which dropped under support yesterday, Silver managed to keep the range intact and is still trading above the newly found support. However, when it comes to precious metals, the pressure seems to be on the sell side and Silver could also drop under range's support. A drop under this level could lead to a 500 pips drop to the next important support at 22.25
XAGUSD wait for breakout and trade in the direction of breakout or place your but and sell stop. Manage your risk according to account size!
Bearish Trend XAGUSD After Analysis found in 1 hour chart Bearish Divergence, and the trend is bearish as well,Entry Point is also defined and TP1 & TP2 is set as well,
XAG - silver - hitting some key support points on the daily graph, with valid signs for a reversal on Stochastic too, RSI still not there yet but at least small reversal up until 200-day MAs is in order.
As I said, before, I usually use XagUsd as a leading indicator for Gold, and more often than not, this is the case. Also recently, although XauUsd made a new low, XagUsd stopped its descent and reversed and on Monday the reversal was very strong, with the price slightly getting back above both the ascending trend line and the horizontal level followed by a clear...
Welcome back! Let me know your thoughts in the comments! ** XAGUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Bullish Channel as an Correction in LTF Completed " 12 " Impulsive Wave Divergence - RSI Break of Structure Falling Wedge in STF Resistance Level
H4 - Bullish trend pattern. Higher highs. Until the two strong support zones hold I expect the price to move higher further after pullbacks.
21.50 which has been quite a solid support in the last two years has been breached (Wave 3) and an ascending wedge/bear flag has been broken (Wave 4). Once price is traded below this Month Open (which is below 21.50), there is a high probability that it'll test 19.00-19.50 area.
On the other hand, technical indicators on the daily chart have not yet confirmed a positive outlook. Therefore, the $23.00 confluence region might continue to act as a barrier for any subsequent move up. Immediately following this is the ascending trend-channel resistance, which currently stands around $23.45 in price. As long as the XAG/USD maintains a strong...
Silver is also in a downward trend on the daily chart. XAG/USD's long-term bias is upward because of rising support since September. The near-term downtrend is being maintained by a falling trendline from May. 61.8% Fibonacci retracement level at 22.29 provides immediate support. Taking this price down reveals rising support. The 38.2% level at 23.75 is released...
Our favorite shiny metal, silver, is gearing up for another potential bounce off the MA50, and I couldn't be more thrilled about the possibilities it presents. As avid silver traders, we have witnessed the power of technical analysis and the significance of key moving averages. The MA50 has proven to be a reliable indicator, acting as a strong support level for...
Waiting and see if price can reach the blue area but be careful this set up is only valid if it happens during London or New york session
Silver Woe to those who do not see the downward trend of silver. The trend of silver is downward, on the other hand, silver's older sister, gold, is not in a good position, and gold's younger sister, which is silver, should be led down with it. The trend of silver is currently in a bearish base, so we have the next bearish wave ahead of us. The trend of silver...
Like its bigger brother, Gold, Silver also dropped hard these days. However, looking at price action this week we can see that the drop lacks much momentum and is drawing a falling wedge pattern on our short-term charts. This could be an indication of a reversal and the 24.50 resistance zone could be the bulls' target. A new low would negate this scenario
Hello Traders, Hope you all are doing good!! I expect XAGUSD to go Down after finishing the correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...
Since the false break under 18, back in September 2022, Silver has entered a nice up trend and has risen around 40%. After the recent high of around 26, the price corrected, and after the confirmation of new support in old resistance bulls look ready to take control again. The next target could be the 27 zone. Buyers should keep in mind that before both strong...