Silver has been trading traditional fib longs and and extensions in this big bull runup. However, we are very overextended, trading well in excess of big support over the past two days. We are also at a potential top in terms of it trend channel. The risk of a decline in silver is significant, and unlike gold which gives you a clue on the fifteen minutes charts,...
see the chart for silver green and yellow line not so strong resistance. Red line are major areas
TVC:SILVER TVC:SILVER is primed to POP and eyeing next levels. As Always, NFA & DYOR.
I am taking an early long position on Silver as we are getting a trendline and 4 hourly resistance breakout. Long from 22.79 or as close as possible. Target 1 - 23.30 - Set stop loss to break even once T1 has been hit. Target 2 - 24.05 Target 3 - 24.50 Extreme Target - 25.49 Stop loss - 21.80
Dear Traders, OANDA:XAGUSD a strong sell off is expected on silver this week. Firstly because recently price have been overbought and there is going to be ' a strong bearish impulse' due to adjusting he market equilibrium. Secondly, the NFP and other strong news that can affect the silver future price significantly. We will have to keep close eye on the...
Hi Traders! Silver is trading with bullish momentum after its ascending triangle break and is approaching its five-month high at 25.258. Price Action 📊 After the break and close above the 20 EMA, the market has been trading with bullish momentum and then broke above the ascending triangle's resistance. We are looking for further continuation towards the...
Macro Monday 16 Silver Performance During and Immediately Post-Recession Over the past few weeks I have heard many financial analysts recommending holding Gold and Silver for protection against a recession scenario or at least holding some bullion as a diversifier or insurance against currency risk. Today’s Silver Chart and Golds Chart from last weeks Macro...
H1 - Bearish trend pattern. No opposite signs. Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
Silver prices are stuck in the SND area for now and are also in the SR Flip area. The possibility of sideways until the release of the news tonight. the possibility of a bearish correction to the price of 21,500
closing the market in the silver market last week it can be seen that there was confusion, look at the candles that I gave this dotted line. at the beginning of next week there is a possibility of sideways before the price is corrected in the SR Flip area.
if you look at the price movement last week, there is a possibility that a reversal will occur. I still use the Eliot Wave notation a few weeks ago with the assumption that the price will be bullish with the invalid area boundary below. if the area is violated then the elliot wave notation will change and the trend will probably be a complex correction wave.
With the formation of a new LL in the wave structure, it is certain that the possibility of greater bearish continuation. It is possible that currently a complex correction wave is formed to determine the wave (2) where Wave 2 is always a correction wave. If you want to do a short, you can do it when the price approaches LH
I see this commodity positively bullish, now the price is stuck in the SND area and I try to provide Fibo Retracement, and the results are quite supporting this analysis to find the long area. There are 2 SND areas that are quite striking here, where the SND area intersects with Fibo 0.618 and 0.236, and the 0.236 Fibo area is also close to the bullish trendline,...
silver's movement still tends to be bullish, although in the last 2 days there has been compression where the candle that is formed is small and lacking in content, but structurally it still forms a new HH. there is still a possibility to continue the bullish trend slowly.
looking at the analysis based on the elliot notation for silver, it looks like it is currently in the beginning of a bullish trend, you can take part in going long by placing a pending order in the SnD area that has been readjusted according to your analysis.
if this is an a-b-c correction and wave c is usually the same length as wave a, then there is a high probability that XAG will go down. This is signaled by the current price at the trendline and strong resistance area. if XAG turns out to respond positively to the trendline and makes a strong bearish signal, then it is likely to go to fibo extension 1.
Hi Traders! We have spotted a potential support break opportunity on the Silver 1D chart. The price action suggests that the market may want to go down to test further levels below. After a double top resistance at 26.129, there was a pullback into a price channel break, and then the market found support at 22.117. There was then a falling three methods candle...
when the price rises more than the light blue line, there is a possibility of reversal and the price will reach the SR Flip area in the short term.