#SILVER... well guys market very well hold your supporting area 21.85 around in first go.
and now again market droped from his first immediate resistande area. keep close again your supporting area,
its valid until makre didnot breakout eithersuide.
21.85 one n only area as supporting area..
good luck
trade wisely
#SILVER... very smooth ride below your area as we discussed in our last couple of ideas regarding silver.
congratulations to all followers,
now its time to wakeup guys because now we have 2nd area of the month and week actually,
that is 21.87 around, keep close that support zone and keep in mind that next selling ride will start below that area otherwise not at...
Hi Traders!
There is a potential breakout on SILVER as it tries again to break the long-term support level.
Here are the details:
Looking at the price action, it looks bearish; the market swings are lower with lower highs and lower lows. The market has broken and closed under the 20 EMA, and this is the third time around the 21.885 support level.
The plan is...
Long Silver Trade
Multiple support levels previously after a big sell off yesterday because of news.
Looking at a 50% fib retracement to 22.500 level.
2.5R
1-3 day movement
Best of luck
XAG is making lower lows & highs with break structure to the downside, when it is going to pullback from here and show bearish sign at important zone of interest we will short from there.
Patience and risk management is the key!
Good ol' $COMEX:SI1!!
I believe anything that is Gods money will always have a use case in this world. COMEX:SI1! is one of them and no matter how much manipulation is placed on this metal, the truth will always prevail.
What we saw from March 2020 was an absolute capitulation in COMEX:GC1! COMEX:SI1! , with a decline of over 33% within a 30-day period...
Hello,Traders!
SILVER keeps falling down
But will soon hit a horizontal
Demand level around 21.89$
From where I will be expecting
A local bullish rebound
Buy!
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#SILVER...well guys market again at his major supporting area of the week and day,
as we disscussed in our last couple of ideas regarding silver..
keep close it and dont hold your buying positions below that level ..
stay sharp guys.
good luck..
trade wisely
SILVER
New forecast
The price of silver ended last Friday's trading with strong negativity, settling below the 23.00 level and confirming the shift to decline, on its way to testing the 22.21 level initially, and we are likely to break this level to achieve additional negative targets up to 22.00 level and then will rise up again .
Therefore, a bearish bias...
Hello Traders!
On Monday 05 Feb, The XAGUSD Reached a Support Level (22.25400 - 21.88300).
The Price Formed a Descending Channel.
Currently, The Resistance Line is Broken!
So, I Expect a Bullish Move📈.
TARGET: 23.16000🎯
As We Talked in The Previous Analysis:
The Price Formed a Descending Channel.
The Resistance Line is Broken!
Currently: The Price Pull Back to Important Structure.
and it Will Continue its Bullish Movement.
TARGET: 23.16000🎯
Preferred direction: BUY
Comment: Silver has been stable for weeks and is one of the strongest instruments at the moment. Of course, the US CPI will be reflected in the metal. Despite the forecasted figures, we confidently continue to remain long on silver. The growth target is located at the level of 23.32250 . However, growth above this value can also...
Hello,Friends!
SILVER pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 8H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 22.468...
Short silver in the short/mid term, buy long term.
With so many impulses on all timeframes my analysis led me to identify Wyckoff Phases across these time periods and in confluence with each other. For ease I will only be looking at the monthly and weekly timeframes.
The Wyckoffian Logic would suggest an accumulation (eventual price increase) or distribution...
Gold continues to trade sideways, although with a negative bias. Yet again, it is perilously close to significant support around $2,000 to $2,010, an area it last tested in mid-January. Once again, the US dollar is consolidating at higher levels. Last week we saw the Dollar Index break above resistance around 104.00. It was unable to hold its gains, and...
Pair : XAGUSD ( Silver / U.S Dollar )
Description :
Falling Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
Strong Divergence in RSI
Break of Structure and Completed the Retracement
Completed " 123 " Impulsive Waves
