After make 29 peak, I have been thinking of short since 28.5 and take 2 short. It can be buy on 26.2 as spot. I care about the 25.5-24.5 area as pos. The last place I would try would be the 23.3. I think it will outperform gold and give better results on the rise. Buy more silver be result
Hello Everyone, XAGUSD hit a new low for the month, dropping to 26.017. Despite this, silver remains a strong long-term investment. The next key indicator to watch for is the price firmly establishing itself above the 1D Pivot Point. TradeWithTheTrend3344
Silver slide is approaching our first tp we lock profit n hold until target to maximize our profits all the best 👍
Take a look at our analysis for SILVER. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 27.366. Considering the today's price action, probabilities will be high to see a movement to 26.782. P.S We determine oversold/overbought condition with RSI...
You may recall the Research Team highlighted AB=CD bullish completion at $26.79 on the H4 timeframe for spot silver (XAG/USD) last week. Subsequent to this, price action recently came within reaching distance of the 38.2% Fibonacci retracement ratio at $27.84 before rotating southbound and pencilling in a potential higher low at $26.94 earlier today. AB=CD...
This is lines of confluence. With the recent inverse head and shoulders we broke out nicely above the top line of confluence. Pay attention now! We are currently back testing this line. If we hold and do NOT break back into this decending triangle then look for silver to slowly start moving up into the 30 dollar range.
Here is our detailed technical review for SILVER. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 27.221. Taking into consideration the structure & trend analysis, I believe that the market will reach 25.581 level soon. P.S Overbought describes a period...
HELLO TRADERS As I can see Silver is testing now a strong support level which is a great entry zone for buying here. Silver is still not moved as like gold and other commodities has done, we expected this pair will move till design levels and this is a best zone with a very low risk and higher rewards let's see what markets bring to us. Charts always...
Hello all, I have a long trade possibility forming on XAGUSD. Basically, my draw on price is the Relative Equal Highs residing above. My POI for taking a trade is where the BISI 2D is. Since we have a SIBI 2D, we should see lower prices to this POI. If price does not reach my POI before trading higher, I would like to see a clean 2D close above the SIBI 2D....
📊 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...
With current fall of metals in the past week, a lot of traders think we have a change of trend, i do not believe this is true. We were very bullish and the market can’t just pivot without fundamentals behind it. Silver is a highly used material, it is in demand as Tech company use it in the solar industry, and Medical equipment made from it, just to name a few....
Am seeing more looses coming for commodities in the coming week,silver brakedown the structure n retested already to melt, wait for decision poi to tap then you can take your short from there.
My dear followers, This is my opinion on the SILVER next move: The asset is approaching an important pivot point 27.222 Bias - Bullish Safe Stop Loss -26.487 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 28.310 About Used Indicators: For...
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...
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
Just posting this update on the silver chart to exemplify how TA often does work with exact precision. As soon as the inverse head and shoulders on silver validated its breakout the price action climbed to the exact price target before its current correction. We can see how the wick on this particular chart even hit the top of the measured move line at exactly the...
Daily/4h time frames analysis for Silver. Price action & key levels. Directional bias & thoughts. ❤️Please, support my work with like, thank you!❤️
Both still got sellside Liquidity - If it does actually go higher and not consolidate it's more than likely doing a 30-50% Low at most.