I've been watching silver prices closely, and they've been hovering around $24 per ounce so far this year. On January 16th, the price briefly touched a nine-month high of $24.4, helped by a weaker dollar and expectations of easier monetary policy. There have been signs of lower inflation and recession concerns, which have fueled speculation that the Federal...
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Bearish Channel as a Corrective Pattern in Long Time Frame and Made a Breakout of the Upper Trend Line Divergence Break Of Structure Consolidation Phase in Short Time Frame wait until it Breaks the Upper Zone or the Lower Zone Completed the " 12345 " Impulsive Wave and Corrective " ABC " Wave
Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. This is follow-up to the idea I posted 3 months ago when I called falling wedge breakout to the upside. XAGUSD is doing really well since and now is heading into strong resistance cluster created by zone 24.15-24.40 and by...
XagUsd is struggling to breakout. Look like it is making a U-turn. In that case I expect it to drop to 22. Overall I am bullish on Silver this year and long term. One day XAG will breakout $50 level up to $90-$100.
Gold shows us a hint of a medium-term outlook. The price is tearing up, breaking through several key resistances and probably targeting 1978 in earnest. Key points marked on the chart: triangle, main upward channel. Price is tearing up relative to these figures, in the process of forming a new channel. The price is moving into the long zone relative to the 1935...
In today's post, we go into a potential SHORT in XAU/USD = SILVER, which will have to prove itself in the next few hours. To give you a brief overview of the symbols used in the chart, I have included a labeled version of the chart. DIRECTION RISK TO REWARD = 3.16 RISK TO REWARD = 8.82 CAUTION Before you enter the SHORT, pay attention to...
Hello,Traders! SILVER has bounced off Of the falling resistance And then broke the local Rising support so I am Bearish biased now And I think that we Will see a further Move down Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Gold forms a false breakdown of resistance 1928 (upper range boundary). The "three tops" pattern sends the price down, thereby forming a sell set-up The trend is still bullish and therefore sales should be treated very carefully. The Three Tops pattern is a strong pattern that could be the beginning of a corrective movement. The key zone to which the price can...
Hello,Traders! SILVER is trading in an uptrend On daily but in the downtrend On weekly timeframe and now The price is about to retest The weekly trend-line from Where I will be expecting A local move down Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Gold is trying to get out of the accumulation. False breakdown of 1928 resistance, but the price does not fall, returns to the retest and at the moment the price is already consolidating above the resistance and above the channel boundary At the moment the bulls are actively fighting for the long zone in relation to the level of 1928, With the final fixation of...
Gold is resting after a strong rally. The price moved into the consolidation phase, which is proved by the presence of the range boundaries and their confirmation. Nobody knows how long it will be, probably, the fundamental factor may influence price to come out of the consolidation in the nearest future The upper consolidation boundary is 1928, while the lower...
Gold after a strong rally is going into a consolidation phase. The upper boundary of the sideways range is resistance 1928 (the first price stop), the lower boundary is support 1912, confirmed on January 17. On the chart we do not see a set-up that would hint at a change in the global trend, it is still strong bullish and there are hints that it will still...
Silver will rise. Crossed resistance with strenght. Our next target is the next resistance. Use smaller time frame to find reasonable entry point and stop loss. Good luck.
Gold forms a technical pullback to the 1912 zone, which is a fairly strong level formed in August 2020. What should we expect from the price? It is quite simple, we saw earlier that the price went out of the upside channel, which can be interpreted as a possible acceleration of the upside. The Gold is in the global range, and the global target in our case, is...
Silver broke through its resistance at 24.39 on the 4h graph, signaling probable continuation of the bullish trend. Both MACD indicator and the RSI indicator are signaling bullish trend as well, with MACD histogram being above 0 and rising and RSI being above its neutral line. If the trend continues we might see the price reaching levels of 24.77 and 24.87 In...
✅SILVER surged again to retest the resistance But it is a strong key level So I think that there is a high chance That we will see a bearish pullback and a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Rising Wedge in Long Time Frame and Rejecting from the Upper Trend Line with Strong Bearish Price Action as Impulse Making Correction in the Form Bullish Channel and Rejecting from the Upper Trend Line Fibonacci Level - 78.60% S- R Level Resistance Level Divergence Completed " ABC " Corrective Wave
In the silver chart on the daily timeframe, our trend following level is $23.50, but we can expect a drop to $22.10 at the daily close below this level. As long as it stays on the trend, the $25.50 target will hold.