Hello Traders !
On The Daily Time Frame, The SILVER Price Broke a Strong Resistance Level (23.77640 - 23.24650).
This Resistance Level Becomes a New Support Level.
Moreover,
-The Price Formed aa Descending Channel.
-The Resistance Line is Broken.
So, I Expect a Bullish Move.
I'm Waiting For Retest...
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TARGET: 24.67000🎯
Silver is showing Bullish Signs. Fib Retracement is being used here for Entry price. Fib Retracement's number 0.382 is usually used to predict where the smart money is moving.
Waiting for a retest of 24.08155 to long XAGUSD back to Daily key level at 25.16368
If you agree drop a like and if you have any questions leave a comment :)
Inverted Head & Shoulders Target and Wave 3 Generic Targets Almost Matches
Wave 2 Retraced 61%
Wave 3 Target Ideally 1.6 Times OR 2.6 Times of Wave 2 by Using Trend Based Fib Extension.
Keeping Fingers Crossed for Silver to Cross 26.5 By December
Good morning traders,
Silver is almost ready to have a long term bearish break.
Consider long positions while 23 level
6 Trading Rules :
1. Never add to a losing position .
2. Don´t be the first to buy low and sell high .
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is...
Silver prices saw a 0.91% increase on Thursday amid low trading volumes as the Asia-Pacific trading session commenced, holding steady around $23.82. There was little change in the early Friday session as markets in Japan and the United States resumed activities following a break.
The daily chart for silver illustrates the gray metal's trend as neutral to...
In the short term, I'm looking for a push to 27.50 (invalidation 22.00) and 40.00 (invalidation 20.00) in the long term.
Short term:
Silver reached it's last low in early october around 21.00. This price range corresponds to a prior low from the previous correction (white box), an untested demand zone (green box) and the 5 years R1.
Silver finished what I...
You can see my previous thoughts on GOLD, but if we break 2k GOLD/OZ there will be a big push up here. Will be entering varied durations this week, covered options, hedging for more appreciation with strangles.
I aim to rejuvenate my perspectives, beginning with an exploration of silver. The discourse surrounding the undervaluation of silver holds significance once the underlying patterns are comprehended. I appreciate having undergone the process of shedding my biases, as it has enabled me to adopt a contrary viewpoint, thereby unlocking the potential for future profits...
✅SILVER was trading below
The falling resistance
But now we are seeing a
Strong bullish breakout
So we will be expecting
A further move up
LONG🚀
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Hey Traders, In the current trading session, our focus lies on monitoring XAGUSD for a potential buying opportunity within the 24.15 zone. Silver, having previously exhibited a downtrend, has effectively surpassed this trend, prompting our attention. Presently, we are awaiting a corrective phase to assess the likelihood of a retracement in the direction of higher...
Like other markets, trade in gold has been subdued and is likely to remain so as many US participants extend yesterday’s Thanksgiving holiday into the weekend. There has been little change in geopolitical events and no catalyst to move gold either up or down. So it continues to consolidate just below the key $2,000/2,010 area of resistance. We have seen a...
Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want...
i see 2 targets for silver based on HOSODA wave theory AND monthly demand area
the 2 targets are indicated in the chart
not a financial advice
thank you
