Gold/Silver
Just posting this update on the silver chart to exemplify how TA often does work with exact precision. As soon as the inverse head and shoulders on silver validated its breakout the price action climbed to the exact price target before its current correction. We can see how the wick on this particular chart even hit the top of the measured move line at exactly the...
Hello,Traders! SILVER is trading in a Local downtrend and the Price has formed a bearish Flag pattern so IF we see A bearish breakout then We will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
If Silver can confirm the breakout from where it has currently broken above the inv h&s neckline the breakout target will be $31. *not financial advice*
The top of the highest wick on silver is actually the exact measured move target of the previous inverse head and shoulders silver recently hit precisely. On the journey as it retested that ones neckline it formed this anger more horizontal inverse head and shoulder neckline and has since also broken above it with a measured move target much higher at around $34....
Hello all, I have a long trade possibility forming on XAGUSD. Basically, my draw on price is the Relative Equal Highs residing above. My POI for taking a trade is where the BISI 2D is. Since we have a SIBI 2D, we should see lower prices to this POI. If price does not reach my POI before trading higher, I would like to see a clean 2D close above the SIBI 2D....
XAG/USD is rising towards a resistance level which has been identified as a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 27.861 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 28.872 Why we like it: There is a...
Following a rapid rise to $30, silver has seen a swift decline, indicating a completion of the minor Wave (iii) of Wave ((iii)) just above the 461.8% level. We've exceeded this level, so we need to consider potential deviations from ideal models to navigate the market effectively. We anticipate the downturn to continue and expect to find support between the 38.2%...
Price is rising towards a resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 27.861 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 28.872 Why we like it: There is a pullback resistance...
The move from March 2020 to August 2020 Was a measured move that played out to the Tee. We have a similar structure building that projects to the High 30's Suggesting #Gold move beyond ATH's and #Silver the beta play to move faster in an attempt to catch up, and move towards it's high's again.
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Symmetrical Triangle as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Fibonacci Level - 61.80% Impulse Correction
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Completed Impulsive Waves " 12345 " Rising Wedge as an Corrective Pattern in Short Time Frame Rejection from Resistance Break of Structure and Retracement Fibonacci Level - 461.8
XAG/USD is rising towards a resistance level at 28.515, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement. A reversal from this level could lead the price to drop to our take profit target. Entry: 28.515 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement Stop loss: 29.621 Why we...
When we view the price of XAGUSD since 2000, we see an asset which historically has done very well in the event of turmoil. When we had the dot com bubble burst in late 2000 we saw a significant price rally in the metals, Id imagine as people reinvest money as their tech stocks began to fall, does this have correlation with todays NASDAQ? If the NAS continued...
Traders, we have a breakdown in the gold to silver ratio. If this holds and is not a fake out, silver is heading a lot higher. I will keep you posted.
On Monday, silver experienced a sharp downturn, revisiting the $22.00 mark, reflecting a more than 2.5% decrease from its previous close. Market participants swiftly adjusted their expectations of early rate cuts by the Federal Reserve (Fed), leading to a substantial sell-off in the white metal. Technical Analysis: From a technical standpoint, the current...
Hello,Traders! SILVER broke the key Horizontal level of 27.00$ Which is now a support and Went further up confidently Which reinforces our bullish Bias and makes me expect A further move up and a Retest of the horizontal Resistance above at 30.00$ Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Target for the next several months is ~20 usd The sooner we hit it, the sooner we can start another bullish leg. Short Term Targets are bullish ~23 usd Anything can happen in this market, as JPM, Deutsche, USB, HSBC have all been fined for spoofing or manipulating the silver market in the past 3-4 years.
✅SILVER is trading in a Strong uptrend and the Metal is now above the Key level of 27.00$ which Is now a support so we Are bullish biased and We will be expecting A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅