bitcoin and gold were flying and now silver also flying price is overbought and it has made rising wedge chart patten
Now that the silver is above this area of interest at 23.400, the asset is very bullish as it´s forming higher highs and higher lows. i expect the price to reach 25.450 as a the structure remains very bullish. for now, i´m staying breakeven since i didn´t enter the trade at the area of interest and, it could return to this area to continue a bullish rally with...
From my #Elliotwave perspective, XAGUSD has just finished and completed it's wave (5) of c of B correction (please see the chart). So it's no reason at all to move up further. Downside is the only way to go.. I am very #bearish on this!! Cheers!
Reason: Market structure is bullish break of structure fair value gap
Silver broke and closed above a key daily horizontal structure resistance. The broken structure turned into a key support now. I will expect a growth to 25.46 level. For entry, consider a retest of a broken structure. ❤️Please, support my work with like, thank you!❤️
Silver OANDA:XAGUSD Let's take a closer look at Silver , a precious metal known for its notable volatility compared to Gold. Initiating our count post the COVID fall, a swift Wave (1) movement unfolded, followed by an extensive Wave (2) correction featuring a Flat pattern and subsequently a Zigzag for Wave (2). The completion of Wave (2) occurred around...
Hi guys, In XAGUSD we are watching a diagonal pattern, We like to break it down and buy it on 19.5-21.5 for along term, with 35 and 75 target but it may to started long bullish wave so we are waiting to break up and down trend line.
Here is our detailed technical review for SILVER. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 24.239. Considering the today's price action, probabilities will be high to see a movement to 25.550. P.S The term oversold refers to a condition where an asset...
While Gold has created a new ATH again, silver is lagging behind more than usual. Short term correction is to be expected but overall I believe silver will attempt to break the 2021 highs. There's still a long way to go so we just have to let the price decide what it wants to do but right now I imagine at least 1-2 massive impulse moves to the upside and then a...
Preferred direction: BUY Comment: Despite the temporary strengthening of the American currency against the backdrop of the US CPI , metals , like nothing else, retain a strong buy-priority. The current setup will only allow you to throw off “extra passengers” and recruit new sellers as a “resource” for new growth. Pressing the price towards the resistance...
Silver (XAG/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 25.413 which is a swing-high resistance. Stop loss is at 26.400 which is a level that sits above the 161.8% Fibonacci extension level and a multi-swing-high resistance. Take profit is at 24.119 which is a pullback support. ...
Hello, We identified a buy Opportunity with high probability on CFDs Silver in the Daily chart for a target of $26 within a few Days. Ibrouri
Silver is going toward an important order block 4H time frame I sell it will be a good swing trade to go shorts
Metals, gold, silver and copper, shone today in the form of a rally gold After the last US 30-year auction, it added $2 to a $20 gain to reach $2,177 on the day. This figure is about $16 less than last week's record high. Copper and silver Looking to join the gold market. Copper today rose 3.1% to above $4 for the first time in seven months. Chinese smelters...
We have identified another potential opportunity for XAGUSD to buy, as it has entered our designated buy zone. Our analysis suggests a forthcoming bullish trajectory from our current position. To mitigate risks inherent in trading, we have prudently marked out Take Profit (TP) and Stop Loss (SL) levels. Adherence to rigorous risk management protocols remains...
Hello,Friends! SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 23.123 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the SILVER pair. ✅LIKE AND COMMENT MY IDEAS✅
Silver SetUp 12-03-2024 Fibonacci Confluence. Here's a simplified example of how the Fibonacci Confluence Trading Strategy might be applied: 1. Identify a significant swing high and swing low in the price action of a financial instrument. 2. Draw Fibonacci retracement levels from the swing high to the swing low or vice versa. 3. Look for confluence points where...