Plenty of chart patterns warning of an intermediate top in Silver after an incredible bull run. $30 will continue to act as resistance with a head and shoulders top target of $25-26 and likely 50% to 61.8 retracement before we can look to signs of a continuation of this bull run,
After China has released GDP data which was pretty good for the Yuan. Silver was at $29 and the data push down the price to $28.6. How, price has recovered in no time which gives a strong indication that silver most probably will reach $30 ISA when mark opens in the US.
Silver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 27.94 which is a pullback support. Stop loss is at 26.70 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 29.78 which is a pullback resistance. High Risk...
Hello Everyone, Currently, there's resistance from the daily support and resistance zones. However, as long as we maintain levels above the weekly pivot point, further growth can be anticipated. While sellers are anticipating a bearish scenario, the overall alignment still supports bullish momentum. TradeWithTheTrend3344
Strong Demand in Near Term In SILVER may Touch 31/38.2/49.83 Per Ounce
Intraday Bullish Above: (28.09950). As long as 28.09950 is support look for long position and target 🎯 28.90000 and 29.20000 in extension
ALL trading ideas have entry point + stop loss + take profit + Risk level. hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are...
Friday saw some bonkers moves in precious metals. Gold jumped over $60 at one stage to top $2,430 and make a fresh record high. It subsequently reversed sharply, closing lower for the day at $2,345. It was a similar story for silver which had a high-low range of just under $200, or around 6.5%. Much of the rally was driven by safe haven demand ahead of the...
Dear Robbers, This is our Scalping plan to Heist Bearish side of SILVER. Be safe and Be rich. Loot and escape near the target 🎯 Note: You should compare your own analysis once and then take a trade.
1Y RSI is topping. 5Y RSI is topping. All RSI is looking like it is declining. On the 5Y timeframe I see a Wyckoff Distribution forming. Right now it looks like a number 2, but if this push up goes up further (past the Feb. 1st high) it could turn into a number 1 distribution. It is either in a UTAD (Upthrust after Distribution) section or the LPSY (Last Point...
My dear subscribers, This is my opinion on the SILVER next move: The instrument tests an important psychological level 27.890 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 28.558 About Used Indicators: On the subsequent day,...
SILVER | XAG | XAGUSD | Longterm View last shared around $23 , going good so far..
XAGUSD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?
Looking Bullish Better than Gold at the moment US CPi is still high and doesn't look like it's going to drop anytime soon why should it it's a vicious cycle. Workers want more Businesses want more Imports cost more Everything costs more all the time always That's the product end result of Central banks so called 2% inflation increase in everything per...
XAG/USD is rising towards a resistance level at 28.515, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement. A reversal from this level could lead the price to drop to our take profit target. Entry: 28.515 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement Stop loss: 29.621 Why we...
Silver increased 4.10 USD/t. oz or 17.25% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Silver is expected to trade at 25.58 USD/t. oz by the end of this quarter. Looking forward, we estimate it to trade at 27.13 in 12 months time.
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
■Outlook of XAUUSD on 3D chart. I think We are in sub-wave 1 of wave (ⅲ). Wave (ⅲ), shown by the orange line, will probably become a 3rd wave extension impulse. If the assumption of this scenario is correct, If it can break through a channel line, it will probably become strongly Bullish. ■Outlook of XAUUSD on 3D chart. Apr 13.2024 ■Outlook of Dow(DJI) on 3D...