HELLO FRIENDS
As I can see Silver is now holding price above the Support zone and looking for more higher high as we can see other commodities has done a big up word rally but silver is still suffering... Technically it is now trading above the support so we are expecting these design levels can be hit easily with a very low risk and higher rewards Friends its...
This week was very bullish for Silver.
The market managed to violate a key weekly horizontal resistance.
It opens a potential for a further growth.
Next resistances: 28.0 / 29.5
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XAGUSD / 1D
Greetings, traders! Welcome back to another market analysis.
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.
Check out 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
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 26.457 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 25.495
Recommended Stop Loss - 27.009
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations,...
Preferred direction: SELL
Comment: For gold , we previously gave two setups for sell, and one of them is already in work (scenario №2) . However, against the background of the upcoming potential volatility (NFP) , as well as the short-term weakening of the US dollar , most likely, it is at the very moment of the release of data on the US labor market that...
Preferred direction: BUY
Comment: The setup for today's NFP remains in favor of the buyer. Most likely, the euro will update yesterday's high around the level of 1.09000 . At this level, there is an area of resistance, and most likely it is from here that we can expect a deeper correction than the one we are currently observing.
Additional comments on this...
Preferred direction: SELL
Comment: Metals have been at the top of trends lately. It’s not surprising to have such a performance, especially in the case of gold . A corrective downward movement is expected in the near future for silver and gold , and if we are talking about the medium term, then we can already enter into sales. However, in the short term,...
Hi Silver Looters,
This is our Day Trade master plan to Heist Bearish side of Silver. my dear Looterss U can enter at the any point below my entered area, Our target is Caution Zone. We can escape in the Target area. Be patient and Be careful.
Silver is unstoppable.
Following Gold strongly bullish sentiment, XAGUSD keeps breaking
key resistances, one after another.
In comparison to Gold, Silver still has multiple historic resistances
to pay close attention to.
Resistance 1: 26.8 - 26.95 area
Resistance 2: 27.9 - 28.72 area
Resistance 3: 29.8 - 30.1 area
Look for pullback/breakout trades from these...
Silver is trading sideways since 2021, a move that can be a corrective because of choppy and overlapping price action. Ideally, that's a very big triangle that can be coming to an end as metal is turning higher now and breaking the IMPORTANT trendline resistance of this contracting range. Ideally, A-B-C-D-E pattern is finished, so be aware of more upside,...
I understand the title may seem bombastic and possibly clickbaity, but in my view, there's a solid case for OANDA:XAGUSD potentially rising by $10 in 2024. Here's why:
Observing the chart, unlike OANDA:XAUUSD , Silver has been trading within a range for precisely a year now, failing to establish new highs. However, on a positive note, since the pandemic low,...
Short Term Targets are ~23 usd
I expect price to hit within the next 5 weeks.
Also looking for a trip to 20-21 usd range to fill a monthly gap.
Overall I am bullish on silver.
XAGUSD is currently trading within an ascending triangle pattern. The resistance level of the ascending triangle has acted as a pullback area four times. The price is currently at the resistance level of the ascending triangle, therefore there is a possibility that a fifth pullback will occur.
Ascending triangle pattern has a bullish bias, so there is a...
Preferred direction: SELL
Comment: The week for gold begins with another update to its historical maximum. At the moment, the market is witnessing a climax of buying, against which a downward reversal can be expected. The approximate reversal area is located at the level of 2300 . According to scenario №1 , a movement towards this level is expected before...
EXK is a silver mining company with operations in USA Canada and Mexcio. On the daily chart,
it has been in a falling wedge for more than six months. The earnings report was a 40% beat on
earnings and 2% on revenue. Price broke above the wedge one week earlier. The price action
has been supported by higher volumes. The Price Momentum Oscillator and Relative...
My dear subscribers,
My technical analysis for SILVER is below:
The price is coiling around a solid key level - 24.924
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 24.722
About Used Indicators:
By the very nature of the...
