Silver (XAGUSD) reached the 25.000 Target that we set more than a month ago (February 15, see chart below) easily surpassing the 0.786 Fibonacci level and getting heavily rejected exactly at the top (Lower Highs trend-line) of the 1 year Triangle pattern: On July 20 2023, a rejection slightly lower started wave (e-f) towards the bottom of the High Volatility...
The markets are really all about finding patterns and taking advantage of such forcefully. With Silver, the commercial producers and bullion banks tend to exert the most amount of market influence upon its price. The reason is that Silver is primarily an industrial metal sensitive to economic demands and also due to the fact that unlike gold, it is primarily mined...
Introduction - After failing to follow through with the same setup in DRAFT 3 for last Thursday's PPI release, the GOLD gods surprised with a last second completion of DRAFT 2's move to 2220. This means 2300 is the target for next Tuesday, 3/26. However, 2345 is going to have to wait a bit longer. Details - See previous drafts for background and recent notes...
Hello,Traders! SILVER is going down now But the price will soon Retest a horizontal Support level below at 24.39$ From where I will be expecting A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
#SILVER... well guys after a funtastic.ride in gold now silver at his one of the most important supporting area 24.90 That was our supporting area in yesterday as we discussed in our video. Keep close it because in today if market clear it then another selling ride in table. Good luck Trade wisely
Preferred direction: Neutral Comment: Gold worked out our long scenarios perfectly once again, and as we noted in previous trading ideas, the level of 2200 was reached as a target. Today, gold will most likely trade around the 2200 level. Further growth is not considered as optimistically as before. We highlight two scenarios for this instrument,...
Long Introduction -This is the second draft for 2340-2550-3000 as a singular move in 80 days. If you think a sell off to 2150 going to make me back off this call, in the words of Adam M. Grant, you need to think again. I promised 2345 in March and 2550 in April and so shall I deliver if within my power. That is, frankly not within my power. Those powers belong...
We talked about silver (XAGUSD) in January, where we mentioned and highlighted strong support at the lower side of a triangle range. On January 26rd we shared a weekly chart of silver, where we warned about limited weakness and sideways contracting triangle range. As you can see today, silver bounced from the lower triangle line and it’s back to the upper side...
#SILVER... market just trade above his supporting area guys as we discussed in our video analysis that 24.90 is market full n final supporting area, if market hold it then again a buying ride expected from here. so far market didnot closed below that level in hour chart. keep close it and dont hold your buying positions below that level, good luck trade wisely
Hello,Friends! We are going short on the SILVER with the target of 23.626 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for SILVER. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 25.093. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the...
Hello Traders, Am goint to loot this silver mine, currently am entered to loot some profits Entered below Blue coloured Moving average its confirm sell Target is my escape zone green coloured support area because police are waiting for US.
Silver has been in a downward pointing "shape" with a resistance on the top as a force pointing down, while being supported in a "cup" shaped support that can become resistance on the up if it is broken down. The levels in this project are potential support/resistance zones in the future, where potential pivot points can occur (marked examples in the past)....
Preferred direction: BUY Comment: We actively continue to follow our previous bullish scenarios for this currency pair. In general, in the medium term, we expect a strengthening of the US currency , which the Japanese yen will feel the most painfully. Moreover, earlier we talked about the long term, and here it is unlikely that we will have to wait for the...
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Hello,Friends! The BB upper band is nearby so SILVER is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 23.749. ✅LIKE AND COMMENT MY IDEAS✅
🔸Hello traders, today let's review day/candle price chart for spot silver. strong recovery in progress currently, limited downside and bulls maintain strategic advantage. 🔸V-shape recovery in progress, also potential bullish IHS setup (required confirmation). right now we triggered mild overhead resistance near 25 usd and therefore expecting short-term pullback...
Gold has broken out of a multi-year resistance to new all-time highs. Silver has been lagging Gold. It has started to move and should accelerate in its catch up once Silver future push through 26. I am long SLV as a proxy. Silver miners may also be a great play but I don't like the rise in energy prices, which could continue to be a headwind for them.