Silver is showing signs of entering in a bear pattern, lets consider also the double top before the pattern started. what do you think?
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...
A.F.D. This is our Technical Analysis on #XAGUSD 4h! Give attention to strong levels when price reach there!
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Rising Wedge as an Corrective Pattern in Long Time Frame and it has Breakout the Lower Trend Line and Completed the Retracement Break of Structure Fibonacci Level - 78.60% Rejecting from Strong S / R Level Divergence Impulse Correction Impulse Elliot Waves
Based on technical factors there is a Buy position in : 📊 XAGUSD 🔵 Buy Now 21.85 🧯 Stop loss 21.05 🏹 Target 1 23.37 🏹 Target 2 25.97 💸RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
Since Siver is getting closer to a very strong demand zone we might consider buy positions at that level! . What is your idea about XAGUSD?
We see a high in the range of 21.845 and higher than the previous high in the range of 21.768. It is expected that if the above oscillatory movement can be supported by the two ranges of 21.551 and 21.672 and the ceiling of the channel in the above analysis can be successfully rejected. He expected to touch two targets in the areas of 22.010 and 22.159. important...
We are witnessing a decreasing trend in a channelized space. We are currently witnessing a negative divergence and we are on a static resistance in the range of 21.76186. We have 2 scenarios ahead: 1. In case of breaking the resistance, you can experience a growth up to the ranges of 21.86676 and 21.95601 or between them and then continue the decrease up to the...