Silver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 27.63 which is a pullback resistance. Stop loss is at 28.30 which is a level that sits above the 127.2% Fibonacci extension level and a pullback resistance. Take profit is at 26.83 which is an overlap support. High Risk...
👁️ OUTLOOK 5hr chart: 30m chart: Context 5hr: Price is currently in a re-accumulation, and surfing above the 10,50,200emas trending towards 29.79800. Validation 30m: Price is looking pretty good, re-accumulating above the 200ema. Needs a bit of time to go back above the 10,50ema so give it some time to show you that money is coming in the market once again....
I still think lower but it's just a matter of time to see if it shows me if it is going lower or not, there's a possible 25% increase left in it so I'm still undecided, clear liquidity to take buyside though.
Silver technical analysis: Regular readers will know that I have been awaiting for gold prices to pop higher over the past week. Whilst there's no cigar, the bias remains bullish until bearish momentum returns to the daily timeframe. However, silver may have the more compelling setup. Silver prices formed a strong rally in March through the first half of April,...
SILVER - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short SILVER Entry - 28.502 Sl - 29.030 Tp - 27.566 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Frankly, $70 Silver does not sound crazy to me. I don't do advice; I only do patterns. DYOR. Trade Slick.
Take a look at our analysis for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 28.362. Considering the today's price action, probabilities will be high to see a movement to 26.023. P.S Please, note that an oversold/overbought condition can last for...
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure RSI - Divergence Fibonacci Level - 78.60% Demand Zone
In the world of precious metals, silver is currently experiencing a significant uptick in prices, signalling a bullish trend. Technical analysis reveals strong momentum indicators like the RSI, along with bullish chart patterns and increasing trading volumes. This surge is fuelled by factors such as inflation concerns, geopolitical tensions, and rising...
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure RSI - Divergence Fibonacci Level - 78.60% Demand Zone
Described everything in the idea about gold and snp500, check it out
📊 Due to the decrease in the downward momentum of the price movement, if the range of 26.80 units is broken upwards and the price stabilizes above it, the price may increase to the range of 27.30 units🎯, and in the case of the strength of the range of 28.30 units🎯🎯. 📊 Otherwise, the price may fall to the range of 25.70 units.
This has to be the biggest Cup & Handle Formation in Human History. Holy Smokes. Ok, let's dive into the Fundamentals: 1) Industrial Demand: Silver is essential in various high-growth industries such as electronics, solar energy, and medical devices. As technological advancements continue, the demand for silver is expected to increase significantly. 2)...
Technical Analysis: Silver has failed to break above key resistance levels multiple times, indicating a lack of bullish momentum. Market Sentiment: There's growing uncertainty surrounding global economic recovery, with concerns about inflation easing and a potential interest rate hike. This could dampen demand for silver as a safe-haven asset. Dollar Strength:...
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 -...
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.
Hello,Friends! Bearish trend on SILVER, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 25.890. ✅LIKE AND COMMENT MY IDEAS✅
XAGUSD - SELL It is a clean structure the market can drop from this level, keep an eye on it, we risk 1% or less and always use SL. wait for the sell setups to enter. V.Ragu