Area of historical resistance has confirmed a flip to support. Could still retest again as support. Long term is all that matters
#SILVER.. market just break hi monthly high and also it was market resistance area that is hold form last decade, keep close it because if it clear breakage then upside have much potential for silver.. dont be lazy here guys. trade wisely good luck
With the help of DIVERGENCE, will look to sell once we break 23.18 My Target for this trade is 21.98 Let see hat market will give us :)
We are completing the price correction of wave 2 orB. I see the long-term trend is upward. I expect the upward trend of the price to start after the correction is completed.
I see CAPITALCOM:SILVER soon approaching the $25 area. If it climbs past $29, it could keep going. If Silver drops below 22.50, it could drop further before retesting this scenario.
OANDA:XAGUSD price climbs on Wednesday, following last Tuesday’s soft US inflation report, which sent US Treasury bond yields plummeting on expectations the US Federal Reserve is done hiking rates. Hence, the XAG/USD advances sharply, reaching key resistance levels like the 200-day moving average (DMA) at $23.26. If Silver bulls hold price above the latter, the...
A reverse head and shoulders pattern is forming in WEEKLY AS WELL MCX:SILVER1!
2 good reasons to never trade off fundamentals: 👉They'll confuse you as price acts contrary to them 👉They'll give you a false sense of comfort as price acts inline with them Just follow the objective un-biased, price defined evidence. Silver's key milestones are 25$ & 28$.
XAGUSD / 1D Silver has been Trading in a trading range with a a bullish long term trend, the price recently tested a KEY Level. Bulls need to close above 23.79 first to confirm that they are in control. Checkout the chart for the swing targets and what kind of confirmation bulls need to see. Trade safely, Trader Leo
Metals like silver and copper have been grinding lower for more than a year. This may create potential for bullish reversals -- especially after today’s softer-than-expected inflation report. Falling wedges are developing on the weekly charts of both metals. That pattern may suggest downward movement is slowing, with the possibility of turns to the...
Greetings, dear friends. I hope you are having a productive week. I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further. I want...
#SILVER... market is at his todayu 2nd resistance area, 22.74 if market hold it then again drop expected oherwise not. if market didnot hold it then upside aeas are mentioned on chart. dont be lazy here guys its your level now. trade wisely good luck
Preferred direction: SELL Comment: Silver recently perfectly fulfilled our pre-short approach to the support area. And now a fall to the same support is also expected as part of the retest. During this time, it will be decided where the instrument will go, as it is currently assumed that buyers will be able to seize the initiative and begin restoration. ...
After the short-term trend of silver fell and tested the low near 21.86, it gained support and quickly rebounded upward. The price of silver broke through the downward trend line pressure, but from the perspective of the moving average system, the objective trend has not entered an upward trend. The further rebound space of silver price is limited. It is...
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Completed Right Shoulder of the Corrective Pattern " H&S " in Short Time Frame and Started Rejecting from the Daily Demand Zone after it Completed " 12345 " Impulsive Waves and " abc " Corrective Waves. Bearish Channel in Short Time Frame Entry Precautions : Wait for the Proper Trend Reversal Price Action
XAGUSD Silver can stabilize under the support zone which is 22.545, and that will support a downward trend to reach 22.100 So, Silver will touch the next support line which is 22.100, and then should stable under it to be a bearish trend area. The other scenario which is the bullish trend will activate when the price can stabilize above the breakout zone above...