#SILVER/USD UPDATE Hi team we are here to update about SILVER/USD. SILVER/USD is almost going to buy after retest. Here it has maximum Chances we can see a breakout in resistance. After this we will see gain upto 200Pips+ . Keep in touch we will update further soon.
Hello,Traders! SILVER broke out of The range pattern and The breakout is confirmed So I will be expecting A move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! SILVER pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 24.303 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Silver hit the Rising Support of the bottom of the Triangle. The sell off got more heavy after a Golden Cross on the (1d) time frame. Even though based on the March 8th 2023 fractal there is one chance for a slightly lower bottom, those oversold levels are ideal for buying. Trading Plan: 1. Buy on the current market price. Targets: 1. 23.765 (Resistance 1 and...
Since last Friday's high and strong reversal from 23.50, Solver has dropped 1500 pips. Like in Gold's case, bulls were unable to recover some of the losses and XagUsd is consolidating in the support zone at 21. Here we could also have a new leg down after the consolidation and the obvious target for this drop (swing trading) is the next support at 20, so, 1k pips...
It's going to be interesting to see which of the two trends the market decides to stick with. considering the increased volume over the past few weeks and an oversold rsi we have a rather large ascending triangle pattern she can break out of to the topside. there's two trend lines she can follow when finding support. sticking with the blue line of support will...
Pair: XAGUSD Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections Directional Bias: Short Entry: Continuation Corrective Structure after the breakout. ⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future...
Seems like silver may be completing a wave 2 in the form of an WXY correction. I have outlined entry, profit and stop-loss levels. If this is truly a wave 2, The next leg up will be EPIC!. Good luck!
Silver has broke the trend line in the megaphone channel and will there will likely be a bearish retest. If price decline comes after retest, the silver price will probably go to find the megaphone channel dip. Mid / short time , this will be a bearish movement. But in long term , after breaking this megaphone channel, silver will meet new ATHs in Q3 2024. NOT...
Some analysts have a bullish outlook for silver, citing the softening US economic data and the potential for inflation as catalysts for higher demand
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Impulse Correction ( ABC Corrective Waves / Consolidation Phase ) Impulse Completed. It is Following Consolidation Phase in Short Time Frame if it Breaks the Upper Trend Line then Buy and If it Breaks Lower Trend Line and Retest then Sell
In my Saturday video analysis, I said that Siver could drop and test the 21 zone. XagUsd dropped hard and even exceeded my target. After the low under 21, Silver started to consolidate and recovered some losses. The recent price action is carving a small double bottom on our chart that could lead to further gains. However, considering the strong down pressure, I...
Latest update on my preferred silver count...looks like wave B was a triangle (ABCDE) and we are now looking for a 1:1 extension of wave A to C measured from B. of course it could extend to perhaps a 1.618 extension which would take us lower than the current tgt box.
Silver Price drops to $20.5 at least and may continue down to $13.9. This Analysis will be cancelled if level $24.6 is penetrated to upward.
Obviously the re-accumulation is done. NASDAQ:XAG has found its Climax around 14$, played in Phase B for 6 years with an attempt to 21$ thus creating an UpThrust, till “COVID”, where price collapsed to 11$, found “some” buyers that sent price to the opposite direction. As you can see JAC is obvious ; BU seems to be done as well, bullish divergence confirmed....
I see metals bottoming very soon....may get one more move down...but long is the way imo.
Greetings, dear friends. I hope you are having a productive week. I would like to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an...