Christmas gift? #silver Keep an eye on 27$ and 28$ levels on Dec 29th.
We have a possible Falling Wedge pattern with a target at 25.300, as long as the price does not break the 23.800 zone.
Buy stop placed at break of HL, bullish div found at 1Hr chart.
Gold, and silver, have been on a stomach-churning rollercoaster ride since they broke above significant resistance levels around two weeks ago. For gold, this was the area between $2,000 and $2,010 which seemed to be an insurmountable barrier for the bulls. But finally the buyers built up enough strength to batter through here. Gold went on to make a record...
Hello there! I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market. Although I want to share my analysis with you, I want to emphasize that I do not...
Silver dropped to a key daily horizontal demand zone. After a test of structure, the price formed a tiny cup & handle formation on an hourly time frame. Its neckline breakout is an important sign of strength of the buyers. We may anticipate growth now to 24.54 ❤️Please, support my work with like, thank you!❤️
H4 - Bearish divergence. Most recent uptrend line breakout. No opposite signs. H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the strong resistance zone holds my short term view remains bearish here.
Silver - down and then up? As you can see, the price is in a correction mode now, but we are in an up-trend, and not just this, but also in ascending triangle + possible W reversal in up..so the support zone is a good area for long.
Silver broke a massive trend line on the daily today. If we have the daily closing candle close below approx $24.35 today, which is in 5 hrs, I believe we will see more downward trend.
Price has moved out of the Ichimoku cloud on its way to the next targets of 26 30 35. I hope my analysis satisfies your expectations.
This week's spike on gold to ATH reminds me of silver back in 2021, when "over-crowded" bullish trade caused the opposite reaction. So on gold, can be very similar situation now, especially as a drop from ATH looks like an intraday impulse back to an important 2k area. Grega
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SILVER pair which is likely to be pushed up by the bulls so we will buy! ❤️ Please, support our work with like & comment! ❤️
Silver is near value area for Long positions. Between green areas ( 23.100$ - 22.400$ ) you can set your buy limit positions. Manage your RISK!!! Do not enter any positions by your whole margin
Since 1 and 3 are somewhat equal in length wave 5 should extend.
Hello,Friends! Bullish trend on SILVER, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 24.966. ✅LIKE AND COMMENT MY IDEAS✅
The selloff in gold and silver today was extreme . I cant help but be bullish at support when current sentiment is almost exclusively bearish . Use this opportunity to load up on physical especially as these opportunities are few and far between .
The recent price action on the SILVER pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down. ❤️ Please, support our work with like & comment! ❤️
Live long term trade Silver. Considering the economic situation + wars in the world, I think that silver will create a historical High because it is a really useful metal