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...
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!
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...
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!✅
Hang on guys and get ready for show time. Silver could be heading for 50-55. I love Silvia. Look for key indicators. 1) Accumulation, 2) Breakout and 3) Test. if we are lucky we could see 70-79 silver. Target is based on the Lord Skin's Formula. Not financial advice.
