Pair : XAGUSD ( Silver / U.S Dollar ) Description : Completed " 123 " Impulsive Waves Fibonacci Level - 261.8% Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame
XAGUSD is start to making new lower lows and higher lows, following DOW theory. So, it seems like its showing bit of down tren
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Short Term Elliott Wave view in Silver (XAGUSD) suggests that rally from 1.22.2024 low is in progress as a 5 wave impulse. Up from 1.22.2024 low, wave 1 ended at 23.32 and pullback in wave 2 ended at 21.94. Up from there, wave ((i)) ended at 23.49 and wave ((ii)) ended at 22.25. Wave ((iii)) higher ended at 24.62 and pullback in wave ((iv)) ended at 23.98. Final...
The precious metals are currently consolidating at a high level. The correction hoped for by many bears has not materialized so far. Silver is currently performing even better than its big brother, gold. We expect the price of silver to soon move towards $30 and beyond. Based on the Elliott Wave Theory, we present two trading options for a long trade in silver as...
Hello, Looks like silver is in a bullish pattern. GOLD is already at ATH, silver has a long way to go. Hope it breaks higher and moves towards $30. AMEX:SLV
Continues to build and stitch out a structure of higher lows. It has tested each level 19.20,21,22 etc and will likely continue to churn its way. Above 25 is where fireworks can start up and test that 30 level. Also we are coming into a key rsi zone where it has rejected off of many times. Knock enough times and eventually it will be kicking down the door. God...
4hr uptrend, 1hr demand entry into daily supply, 11.6:1 RR.
We talked about silver (XAGUSD) in January, where we mentioned and highlighted strong support at the lower side of a triangle range. On January 26rd we shared a weekly chart of silver, where we warned about limited weakness and sideways contracting triangle range. As you can see today, silver bounced from the lower triangle line and it’s back to the upper side...
#SILVER... market just trade above his supporting area guys as we discussed in our video analysis that 24.90 is market full n final supporting area, if market hold it then again a buying ride expected from here. so far market didnot closed below that level in hour chart. keep close it and dont hold your buying positions below that level, good luck trade wisely
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current SILVER chart which, if analyzed properly, clearly points in the upward direction. ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! We are going short on the SILVER with the target of 23.626 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for SILVER. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 25.093. 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...
Hello Traders, Am goint to loot this silver mine, currently am entered to loot some profits Entered below Blue coloured Moving average its confirm sell Target is my escape zone green coloured support area because police are waiting for US.
The silver chart is in a bullish mood, but we have approached a strong daily resistance. I think the price will test this level and bounce down from there.
XAGUSD have huge potential to go up. When price broke first trendline and made correction and retest - it was a wave 2. Then we had another impulse wave and correction as wave 2 in bigger wave 3. So in my opinion price is now making wave 3 in bigger wave 3 and it should be the biggest and the strongest wave in all trend.
Hello,Friends! The BB upper band is nearby so SILVER is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 23.749. ✅LIKE AND COMMENT MY IDEAS✅
🔸Hello traders, today let's review day/candle price chart for spot silver. strong recovery in progress currently, limited downside and bulls maintain strategic advantage. 🔸V-shape recovery in progress, also potential bullish IHS setup (required confirmation). right now we triggered mild overhead resistance near 25 usd and therefore expecting short-term pullback...