SELL XAGUSDSilver has hit a key resistance around $40.65 – $40.70 while forming a rising wedge pattern, a bearish signal. From this zone, I expect a rejection and a strong drop toward the support area near $37.80.
📉 Bearish Outlook
Resistance: $40.65 – $40.70
First Target: $39.50
Final Target: $37.80
SILVER Set To Fall! SELL!
My dear followers,
I analysed this chart on SILVER and concluded the following:
The market is trading on 39.719 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 39.114
About Used Indicators:
A super-trend i
SILVER TO $750 IN THE NEXT DECADE ?This has to be the biggest Cup & Handle Formation in Human History. Holy Smokes.
Ok, let's dive into the Fundamentals:
1) Industrial Demand: Silver is essential in various high-growth industries such as electronics, solar energy, and medical devices. As technological advancements continue, the dem
Silver Price Retreats from a 14-Year HighSilver Price Retreats from a 14-Year High
As the XAG/USD chart shows, yesterday silver climbed above $41.40 per ounce. The last time silver traded at this level was in September 2011. The rise in XAG/USD was supported by gold surging to a record high, which we reported yesterday.
Furthermore, Gol
SILVER’S SUPERCYCLE: $40 Retest Could Ignite a Moonshot to $66Silver OANDA:XAGUSD ) has finally broken out of a multi-year resistance zone, soaring past $40 for the first time since 2011. With technical momentum building and macro tailwinds in place, this could be the beginning of a supercycle rally in precious metals.
Trade Plan:
🔹 Entry Zone: Watching for
Silver is once again on a path that will lead to higher goals!Given the trend that began at the beginning of 2020, it seems that this precious metal has found a special place among investors and is consolidating itself in this position.
It should be noted that for whatever reason this consolidation occurs, the goals above $ 100 per ounce of silver are achievab
SILVER (XAGUSD): The Next Resistance
Here is my latest structure analysis for Silver.
With a current bull, run the price successfully violated
39.0 - 39.5 supply area that turned into a demand zone now.
The closest strong supply zone that I see is based on a major
rising trend line and 41.0 psychological level.
It looks like the
Silver Unfolds A New Impulse Within 5th WaveSilver is moving higher as expected, pushing even beyond 39, but since the market also broke to new highs, it’s clear that higher degree wave four is finished as a flat correction back at 36.20, so be aware of even further continuation higher into wave five while makret trades above 39. We need five
XAGUSD, Elliott wave analysisOutlook for XGUUSD on the 3-day chart.
There have been no changes since the last update.
We are currently in sub-wave (3) of wave (ⅲ).
Sub-wave (3), indicated by the green line, will likely be an extension.
If this scenario assumption is correct, the upward trend will continue.
Silver (XAG/USD), Major Technical Resistance at $41/42The silver price (XAG/USD) has risen significantly since our bullish analysis of July 29; now a major technical resistance is approaching
Precious metals prices are directly influenced by the Federal Reserve’s monetary policy outlook, and the Fed will announce a decisive monetary policy decision o
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.