Hello everyone, for silver I'm still bullish, I'm waiting for my discount zone at a cheap price to potentially make a purchase with confirmation of course.
Sorry for publishing less number of Setups these days due to Ramdan. This is my Setup for XAGUSD, overall market is bullish on, although given CHoCH on 1 hour time frame. This Setup is valid on 4 Hour time-frame so I would like to take LTF confirmation at least on 5 or 15 min time-frame before taking any kind of entry.
Hello,Traders!
SILVER is going down now
But the price will soon
Retest a horizontal
Support level below at 24.39$
From where I will be expecting
A local bullish rebound
Buy!
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Precious metals flew higher in the wake of yesterday’s Federal Reserve monetary policy announcement. There was a dovish surprise in that the US central bank’s FOMC indicated that they still expect to cut rates by 75 basis points this year, despite a recent uptick in inflation. The US dollar dropped sharply, giving dollar-denominated commodities a boost, while the...
#SILVER... well guys after a funtastic.ride in gold now silver at his one of the most important supporting area 24.90
That was our supporting area in yesterday as we discussed in our video.
Keep close it because in today if market clear it then another selling ride in table.
Good luck
Trade wisely
- Since the end of February, the market has been accelerating upward, making higher highs and lows, and trading above a bullish trendline.
The short-term trend is therefore bullish.
- However, since the impact on a 3-month high at $25.15, a sharp price sell-off has taken place on the white metal. The market suddenly pulled-back just above its first available...
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
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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...
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...
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.
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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.
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