SILVER has trimmed it's price significantly to multi week lows. The overextended correction is a good opportunity for possible reversal prospect. KEY NOTES: Daily FIB is at 61.8 level -- buyer's key demand area. Currently bouncing off this level with precision. Histogram higher lows. Daily Higher lows -- firm ascending support lines. TRI-MONTHLY higher lows -...
Earlier today gold was, like US stock indices, continuing to trade in a relatively narrow range. But unlike the indices, it was consolidating at lower levels following a sell-off, rather than at higher levels after a rally. Despite this, gold was managing to hold above $2,300. But there was no immediate indication that momentum, as measured by the MACD, had found...
Silver has been in a downward pointing "shape" with a resistance on the top as a force pointing down, while being supported in a "cup" shaped support that can become resistance on the up if it is broken down. The levels in this project are potential support/resistance zones in the future, where potential pivot points can occur (marked examples in the past)....
#sell_positon #4h We have a supply area. Divergence in the RSI indicator. The previous demand area has been penetrated by the price and the price tends to continue the previous downtrend.
Set the Sell Pending Orders at: R1: 27.72200 (SL: 27.82200 | TP: 27.52200 ) R2: 28.05900 (SL: 28.15900 | TP: 27.65900 ) Set the Buy Pending Orders at: S1: 27.26500 (SL: 27.16500 | TP: 27.46500 ) S2: 26.98300 (SL: 26.88300 | TP: 27.38300)
Here is our detailed technical review for SILVER. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 27.564. Taking into consideration the structure & trend analysis, I believe that the market will reach 27.047 level soon. P.S The term oversold refers to a...
xag usd making a harmonic bat pattern. we can take a short from current price with a stop loss above C and tp until D. Or we can wait price to reach point D where a possible revearsal can happen. A HH and HL made at the reversal zone will further confirm the trend.
My Dear Silver Robbers / Traders, This is our master plan to Heist Bullish side of SILVER MARKET based on Thief Trading style Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish...
Gold continues to keep traders on their toes as it fails to provide clear signals over future direction. It put in a solid rally from mid-February to mid-April, but has struggled to find a footing since then. In fact, what looked like an entirely reasonable period of consolidation has turned into something more sinister, at least as far as the bulls are concerned....
Massive breakout from a multi year consolidation. Currently in a small down wave and bounced off of $26.00 (roughly) which breakpointtrades.com thought was resistance (I agreed). Currently we are in a declining wedge on the hourly pattern and I am expecting a breakout followed by a fast run to about $40 to 50.
XAGUSD - Silver the next best opportunity to re-enter on the buy/long side appears to be at the rising trend line/75-EMA. This is a provisional view.
In my previous ideas, i highlighted that #silver #xagusd has need to retest and success to confirm the rally. Orange box is the retest zone and must not be lost.
Xagusd showing some selling pressure amidst making a bearish flag pattern. Taking entry on the break of the flag pole with stop loss on above LH.
✅SILVER is going down to retest a horizontal support of 25.70$ Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 27.00$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hi, 1PERCENT here. Silver head a "huge" weekly candle close this week with +10% which is a pretty big move for such an asset. It broke through a resistance zone that it was unable to break since it lost the price zone in July 2021. Now that it broke the descending trendline that started in 2011(!) & that 3 year resistance zone, I believe we are going to have...
OANDA:XAGUSD LOOKKKKK! break the symterical triangle at weekly,next years will be silver's year.
our first target got hit ... we need to wait a clean close below 26.264 if we want to keep going down .