Silver is in the midst of a bear market rally, up 8% in the last two weeks and 13% since the end-of-August lows. Although silver prices are still 23% below the peak reached in March, recent price movements suggest that silver is attempting to make a trend reversal at these levels. Slowing market pricing for Fed interest rates next year has prompted the rally...
Silver will go down sooner or later (Fact) First , dollar still not finished it run . Second , false candle in monthly , weekly ,daily (mentioned above ) Third , raising rate and rightening . Forth , chart pattern shows we must retrace the same percentage of consolidation Any ways if we dont cross 21 $ dollars we will come back easily to 18 $ Thats my...
After the recent drop under 18, Silver corrected higher and reached 19.50-19.80 resistance given by the horizontal level and the falling trend line of a falling wedge pattern. A new drop followed, but this new attempt of breaking under 18 failed (at least so far) Considering the importance of the 18 zone support, a level that offered resistance back in 2019 and...
SILVER 4h has been rejected from the weekly resistance creating a series of lower highs with multiple rejections. As the long-term trend is down, GOLD silver has broken out of the local structure and the highly likely price will continue to drop. On the retest of the previous support as resistance, as sell trade is high probable. Press the like button if you...
The price of the precious metal rose today, recovering from previous losses. But it still keeps raging, expecting the Fed interest rate decision. Technical indicators are suggesting entering into long position, MACD histogram is above 0 line and RSI is above the neutral 50 line, which might provide a speculative short term opportunity for traders to get advantage...
Silver's price went down from its recent resistance level and created a complex pullback. The market is gaining momentum Price action is likely to break the resistance level and go up. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Silver is clear in the bearish trend . Price action made a complex pullback. IF the market make a false break the resistance level then we can sell it from confluence level. A false break is a great signal and opportunity for a trend continuation trade. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Now we must see a bounce off of the red supporting trendline (was previously resistance), otherwise the silver bull market is off.
FX_IDC:XAGUSD Hello everyone! 🛎 Let check the trading idea for XAGUSD 🤗 Not making anything difficult everything is pretty straightforward. 👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢 👉 2. Price goes BELOW the selected range. below. Short positions to activate....
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
As usually, Silver is drawing a more clear picture than Gold. After a drop to 19.50 support on NFP's day, XagUsd recovered quickly yesterday and managed to close above the high of the previous consolidation. Now the price is trading in horizontal resistance and a break here could lead to further gains towards the 22 zone. I'm bullish as long as 19.50 is intact
Silver price went down and tested a major support zone . Price action is likely to consolidate at resistance level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
2nd August daily key reversal bar broke and close below previous daily bar low. 20.23 supply zone for short, may add more short from high of key reversal bar i.e 20.49-50. stop loss 20.56, target: 1935
As always, Silver is more technical than Gold and, as I expected and said on Monday, the price has started to drop exactly from 20.50 resistance. Now, this resistance is confirmed, and selling rallies above 20 can be a good strategy. 19usd support is the first target and this bearish outlook is negated with a daily close above 20.50
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A couple of weeks ago, we predicted that silver would most likely go down. Price action went down and tested the support level. We expect prices to go up since the market is in consolidation. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Based on the Fed's adamant nature on raising rates over the next two meetings, I see weakness in the silver price. But not much more. I think the Fed pauses and possibly pivots to easing after August when the true nature of the coming recession reveals itself. Following that I see a rapid rise in the price of silver, in a similar time frame between 2008 and...
Silver has broken the short-term trend line and is likely to drop as it is highly likely that this instrument will retest the weekly support before making any move to the upside. Currently, 25.45 could give us a selling opportunity with a target @24.32 If you find value in this analysis give a thumbs up and also share it with friends.