I noticed this today (4 July 2023) and thought I'd share it with the community. I see bullish and bearish indicators both at play, but this could be a good thing.
Looking back on the chart, massive climbs were often preceded by abrupt dips. Stay shark.
Preferred direction: BUY Comment: Let's refresh our previous silver trading idea. Here, as before, we expect more strengthening of the buyer, however, it must be said that the situation is quite uncertain, and it would be better to even take a closer look at the same major currency pairs, the situation there is more interesting. Scenario №1 is already in...
Preferred direction: BUY Comment: Metals , on the contrary, show a negative trend at the beginning of the week, but within the framework of long-term movement, this is just a normal correction. Long trades of both gold and silver are considered. For silver , the price approached important support at the level of 26.50 , from where last time we recorded a...
The price of spot silver versus the US dollar (XAG/USD) remains entrenched within a moderate uptrend. This tends to attract trend-following systems that attempt to buy breakouts of key areas of resistance and buy into corrections. As evident from the H4 chart, price action has rebounded from an equal AB=CD harmonic formation at $26.79. Traders commonly enter...
Switching to a more bearish H&S top with a rising wedge for the right shoulder. Perhaps one more rally to the top of the wedge trading range then off to break the neckline with a selling climax. Longer term, bullish outlook!
XAGUSD made head and shoulder pattern. There is RSI divergences on the head which seems like the rend will be reversed.
Daily: - H&S + Bearish W - Ascending channel is broken - Clear Switch of Momentum Weekly: - MS - LCC + FIB (completion -68 FC) + ZONE 2/4 indications on weekly, Bearish reversal confirmation on daily at the weekly highs + Overal structure 90% rule 4H: - Daily limit - Possible 3rd touch descending trendline
A potential of 66% was detected against a temporary loss of 9% from the current level. Taboo this does not happen immediately. Patiently accumulate positions in the direction of the long-term goal. I don't expect the price to operate below 24.91, but if that happens, i should wait from 53.73. Contrary to popular belief, stock markets are not falling markets. The...
Chart looks better. Looking for bullish momentum Looking at OB and Order flow to enter.
Looking for opportunity in this coin. Need to see more confirmation to enter. More Bullish intention coming need to be seen. Still very cheap coin.
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...
Looking like it is time for the usual silver rug pull. Silver has not once not destoryed the perma bull, death of the dollar, metals are money cult. They even agree the game is rigged, yet still fall for every sucker rally. Just because you have a physical object in your hand it does not make it some superior asset.
Looking at the chart on 23 April, one can see bullish divergence and double bottom pattern appearing. Therefore, if one could have taken entry after waiting for confirmation once Neckline is broken. Stop loss will be double bottom line, while TP1 and TP2 will be equal distance measured from double bottom line to neck line as depicted on chart.
Hello Everyone, XAG/USD is exhibiting bullish momentum at the moment, with the 1-day support holding firm and the price positioned above the 1-day resistance, indicating positive prospects. The next favorable development to watch for is the 27.416 1-day strong resistance transitioning into a supportive role. TradeWithTheTrend3344
This week, precious metals had their first serious test of the potential downside since this leg of the rally began in mid-February. Gold lost over $100, or around 5%, from last Friday’s high to the low on Tuesday. It now appears to be stabilising back above $2,300. Silver lost close to 8% between the same levels, but it too managed to steady itself yesterday and,...
This is my Setup for XAGUSD. Market has broken the structure to downside which i think is a valid ChoCH. I have identified 2 POIs in this setup for Short. Decisional POI may behave as SMT, so look for LTF confirmation for entry. Thank You.
📊 Due to the decrease in the upward movement momentum of the price, in the event of the failure of the downward correction pattern and stabilization of the price below the range of 27.15 units, the price may fall to the range of 26.90 units🎯 , and in the case of the strength of the range of 26.60 units🎯🎯. 📊 Otherwise, the possibility of price increase up to the...