My dear friends,
Please, find my technical outlook for SILVER below:
The instrument tests an important psychological level 23.742
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 23.311
Recommended Stop Loss - 23.928
About Used...
Hello,Traders!
SILVER surged up rapidly
And is now making a
Local bearish correction
But after a retest of the
Horizontal support level
Of 23.3$ I will be expecting
A bullish move up
Buy!
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Check out other forecasts below too!
XAGUSD
Weekly Chart: Silver's like a rocket that just blasted above the the 21 EMA, showing us the uptrend is getting serious. No (200 SMA) here yet, so the path up is pretty open.
4-Hour Chart: It's like Silver took a quick break after a sprint. It's chilling right below 24.486, which is the tough resistance level—it needs to break through to keep...
#Silver - H1
📣 Looking at the 1-hour timeframe, with the break of the downtrend around 22.81, there is an expectation for price growth towards the range of 23.20.
⛔ Stop Loss: 22.50
On the other hand, with the break of the 22.50 range, one can consider selling with a target of 22.00.
⛔ Stop Loss: 22.81
Gold breaking out while silver tries hard to break resistance. Once it breaks I think silver is bound for an aggressive move up. Silver has took the patience away from many, who are bound to sell on smaller time frames. In my view, they will be left out.
Hello Traders !
On The Daily Time Frame, The XAGUSD Reached a Support Level (22.27700 - 21.88300).
The Price Formed a Rectangle Pattern.
The Resistance Level is Broken.
So, I Expect a Bullish Move 📈.
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TARGET: 24.16000🎯
Greetings
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have...
Greetings
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have...
Similar to Gold, Silver also began the year poorly.
After finding support just under $22, it started trading in a range. A few hours ago, the price managed to break above the range's resistance, indicating a bullish outlook.
However, unlike gold, silver has lagged behind in its performance since the start of the year.
In my opinion, this gap will be filled, and...
Silver successfully violated a resistance line of a wide
horizontal trading range on a daily with a strong bullish imbalance.
It may indicate the dominance of the buyers and a strong bullish sentiment.
The market may reach at least 24.0 resistance soon.
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Following the US cash open, we can see precious metals have been broadly bid today.
The price of spot gold (XAU/USD) and spot silver (XAG/USD) are +1.7% and +2.8% higher, respectively, at the time of writing. Despite UST yields advancing and the Dollar Index offering very little, both gold and silver are outperforming!
Resistance is limited on gold, paving the...
#SILVER.. market just reached at your resistance area, that was mentioned in my video ,
keep close it because it will play key role in next move.
if market hold it then drop expected from here otherwise not at all.
good luck
trade wisely
