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
Preferred direction: SELL
Comment: Bitcoin , like Gold , remains in the center of attention for all market participants against the backdrop of recording historical highs for these instruments. It should be noted that there is a certain divergence here, since the following principle previously worked: " Metals rise (for example, against the backdrop of...
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.
🔸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...
Preferred direction: BUY
Comment: Metals continue to be among the top gainers, with gold trading at all-time highs. Such aggressive growth was caused by market participants who like to “catch the maximum”, i.e. find that very “filigree” point for a downward turn (in this case). Firstly, these are retail traders, but also various funds have begun to gain...
Preferred direction: SELL
Comment: For the euro, we continue to maintain sell-priority, and the trade according to scenario №1 in our previous trading idea is already in the works. At the moment, we expect a fall to 1.08500 , and most likely, sellers will realize this target this week. Sales are also relevant from current levels, and in addition, we do not...
Preferred direction: SELL
Comment: Considering the medium-term outlook for this currency pair, we continue to adhere to the weekly review, and the strength of the seller is still great. However, in the short term, most likely, the euro and the main competitors of the American currency will strengthen. We outlined this scenario for EURUSD at the beginning...
Preferred direction: SELL
Comment: According to the results of yesterday's trading, the British pound fixed the target that we gave at the beginning of the week. At the moment, in the medium term, we are also looking down, which we noted in today’s trading ideas for the euro. Just like for the euro, the pound is expected to update its maximum at the level of...
XAGUSD / 1D
XAGUSD / 1D
Silver has been Trading in a trading range with a bullish long-term trend, the price recently tested a KEY Level which suggests a run higher.
Checkout the chart for the swing targets and what kind of confirmation bulls need to see for the next pull-back if it happens.
Trade safely,
Trader Leo
Preferred direction: BUY
Comment: For gold , the target that we gave at the beginning of the week was also fixed. Metals continue to maintain a strong buy-priority. Today, a further slight drawdown is expected towards the level of 2140 , after which there is a high probability of the formation of a balance with the lower limit at the level of 2140 , and...
Preferred direction: BUY
Comment: Despite the temporary strengthening of the American currency against the backdrop of the US CPI , metals , like nothing else, retain a strong buy-priority. The current setup will only allow you to throw off “extra passengers” and recruit new sellers as a “resource” for new growth.
Pressing the price towards the resistance...
Silver (XAG/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 25.413 which is a swing-high resistance.
Stop loss is at 26.400 which is a level that sits above the 161.8% Fibonacci extension level and a multi-swing-high resistance.
Take profit is at 24.119 which is a pullback support.
...
Preferred direction: SELL
Comment: The outlook for the US dollar against the Canadian dollar in the longer term is quite positive, but before this rise, which is likely to allow new highs in the 1.36000 area, the currency pair will test the area around the 1.34000 level. At the indicated support area, we expect the seller to stop and the beginning of...
