hello, I would like to keep things as simple and clear as possible without too many stories! blue zone = demand zone - from where I expect it to grow or at least to have a reaction purple area - supply area - from where I expect the price to decrease or at least to have a reaction liquidation point = for the order flow to be respected, the price must take over...
On higher time frames, Silver is showing Lower Lows and Lower Highs. Looks like there is more downside pending for Silver. Will enter the trade, once the Market opens.
Hello,Friends! SILVER pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 7H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
In my last few videos we took a look at "Advanced Patterns" today we're going to take a look at a classic pattern. Silver has a bearish flag pattern setting up on it currently & what I love most about it is that because of the recent violation of structure, it also doubles as a pullback trade which works within my overall analysis. In this video I'll walk you...
Investors are reconsidering the idea of buying commodities as a safe heaven. This idea was raised ever since crypto and NFTs started emerging. Gold is historically and forever will be a sign of wealth used by governments and High Networth individuals to standout when the economy goes south. Yet the power of big +100B dollar companies are driving the wheel of...
It was another positive week for spot silver. In dollar terms, the precious metal rallied +1.4% and notched up a second week in the green. Is this surprising? No. Will the bulls remain in control in the medium term? Unlikely, according to technical studies. You will acknowledge that price action rebounded from support on the weekly timeframe at $22.42....
silver has a falling wedge resistance that needs to break with gold currently in a daily uptrend
While Silver did not follow Gold closely, it also shaped the first two steps of the upward move within a corrective structure. Since Silver revealed what increasingly looks like an incomplete symmetrical triangle (A)(B)(C)(D)(E), I am inclined to think that the structure in the making is a bigger triangle (unlike in Gold) or a triangle as wave y. The reason -...
Take a look at our analysis for SILVER. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 22.987. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the...
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
SIlver can touch the low of 20.88 as of the current status , no sign no of sure upside
That's exactly what we wanted: A retrace of the silver price to the $23 range. From here, I see a good chance that the downward trend will pick up speed again. In the short term, we are heading for the lows of late June 2023 with an RRR of 2:1 . In the longer term, the lows of March 2023 appear achievable. Here, the same entry and stop loss results in an RRR...
Price found support around 22.650 and respected the H4 time frame structure in creating a new higher low point, now we can look for new highs to be created on the next move to 23.600.
✅SILVER will be retesting a resistance level of 23.3$ soon From where I am expecting a bearish reaction With the price going down but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
The following figures have been released today: CAD Employment Change is: 59.9K expected: 19.8K Was: -17.3K CAD Unemployment Rate is: 5.4% Expected: 5.3% Was: 5.2% USD Average Hourly Earnings m/m Is: 0.4% Expected: 0.3% Was: 0.4% USD Non-Farm Employment Change is: 209K expected: 224K Was: 306K USD Unemployment Rate Is: 3.6% Expected: 3.6% Was: 3.7% The...
Potential long opportunity, market looks oversold despite the good news coming from the US.
Silver is also in a downward trend on the daily chart. XAG/USD's long-term bias is upward because of rising support since September. The near-term downtrend is being maintained by a falling trendline from May. 61.8% Fibonacci retracement level at 22.29 provides immediate support. Taking this price down reveals rising support. The 38.2% level at 23.75 is released...