I am going long on XAGUSD (Silver). My Elliott Wave count points me to a C leg in an Impulse or Diagonal as the next possible move. XAGUSD Long - Technical Analysis: - ABC (Minute (orange)) sequence - Bullish Bat Harmonic - Bullish Divergence - 78.6-88.6% Fibonacci Retracement of Minor A (white) - 161.8% Fibonacci Extension of Minutes A&B (orange) Silver Buy...
Technically, silver will test strong support, as what it breached, we may see it again at 22 levels. The four golden rules of trading 1 Don't be greedy 2 Always use stop loss 3 Never add other positions to the losing positions 4 Use a suitable lot for your account ❤️Please, support our work with like & comment!❤️
This is an opportunity for professionals. According to my analysis, the trend is still bearish. FOMC is an important news that has a big impact on the price of symbols. In my opinion, this time will cause more icons to fall. Follow me, like, comment, and any questions. Caution today has important news so observe the money management .
Silver is clear in the consolodation . Price action made a complex pullback. Price bounced off the major resistance level before . 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!
1 Structure analysis time frame DAILY 2 target time frame :DAILY 3 Current Move :IMPULSE 4 Entry Time Frame : H4 4.1 Entry TF Structure: BULLISH 4.2 entry move : CORRECTIVE 5 Suppot resistence base :H4 FAIR VALUE GAP 6 FIB: DISCIUNTED AREA FILLED 7 candle Pattern: PANIC BOTTOM 8 Chart Pattern: LOWER HIGH 9 Volume : AVERAGE 10 Momentum UNCONVENTIONAL Rsi:...
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