Momentum Regimes: Commodities Ascertain which phase a commodity may be in, as per the momentum regimes. Ranked from overbought to oversold.
Silver has broken out of a 4 year old resistance and it has a potential of about 100% ROI in the long term to touch it's all time high. RSI, Momentum and Trend intact and as the consolidation breakout is after 4 years, the price move would be significant, expecting a minimum 30-50% ROI. I would consider Silver Bees to invest.
Gold and silver were sharply lower first thing this morning, and they extended their losses during the afternoon. It may sound like a bit of a cop-out in terms of an explanation, but both metals were well overdue a significant pull-back. Gold in particular, has rallied relentlessly since mid-February with little in the way of a pause. Now traders face the same...
Short into 2022/2023 to $17 or (if break 2008 trendline) to $7 Long after 2022/2023 to $42
#SILVER.. market exact moved as per our video analysis. And now just near to his today supporting area, that is 27.45 around, Keep close it guys because if ma key hold it in that case you can see again bounce from here otherwise not at all. Stay sharp here because it's our cutt n reverse area on confirmation . Good luck Trade wisely
price is testing last big resistance $30 fomo buying and sentiment have reached its limit with resistance at $30 if this level don't breakout with big support news then silver may have peak, like it bottom in auugst 2022 light years ahead of fed first rate cut buy the rumor sell the news old trend of rate cut is over get ready for new trend of fiscal policy
After drawing Support and Resistance lines at 30 min timeframe, switch back to 15 min timeframe to take LONG and SHORT trades. LONG Trade: Enter just above R2 with S/L just below R1. Set TPs as per Risk / Reward ratio. SHORT trade: Enter just below S2 with S/L just above S1. Set TPs as per risk / reward ratio. Values of trade I'm taking are mentioned on the Chart.
Breakout with Strong Green Candle Rising slope of 60 degree "3" Upside Targets with Lines and Price levels. Stop Loss is low of Green Candle
SCENARIO 1: EVERYTHING hinges on the carry trade. If USDJPY goes down, so will yields - making inflation higher and commodities will boom. Of course this is a mistake and Japan (and the whole world) will feel the effects off inflation here since TVC:DXY will plummet also to 97. Then when everyone blows up in the summer sparking a u-turn and the FED realizes...
SILVER I think SILVER and GOLD may be into the next wave up here. It had a fast slump, moved on up, had another weaker slump with a higher low and now moving up again. I think that is likely to be a typical bullish 3 wave correction. Notice how the overall trend trajectory has not been affected by the 3 wave correction. That is another bullish clue I...
The further I look back on the Silver chart, the more I am convinced of this scenario (though it is not guaranteed), and I see $27.70 (ish) as a strong support level. If it holds, I see ~$33 as the next movement. I go strictly by the charts. Politics and Monetary Policy could affect this scenario GREATLY. DYOR. Trade Slick.
XAG/USD is how silver is labeled for spot trading on the foreign exchange market. Silver (XAG) is traded against the US dollar (USD), so its price shows how much one ounce of silver is worth in USD.
XAGUSD - SHORT, if the market make corrective structure upwards then a drop will come, or if the market make corrective structure downwards the one more push up will come to tha the last high, before the reversal, trade with care
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
The rally ends and falls towards 10.Silver has skyrocketed along with gold, but silver is not scarce. If the Fed does not cut interest rates today, it will be suppressed.
hopefully take 1 week to reach $30 and 1 month to $34
Technically, there is a cup handle pattern on the daily chart, and if it works, it is likely to see the $30 top. It is never investment advice.
Silver (XAGUSD) easily broke through the 25.000 Target we set 2 months ago (February 15, see chart below) and invalidated the Triangle pattern as it is entering into a new long-term Bull Cycle: This was achieved as it broke above the 2-year Resistance Zone 1 and the Triangle transitioned into a Channel Up. Last week it hit Resistance Zone 2 and technically we...