Preferred direction: BUY
Comment: Within frameworks this week, we've been following the buy-priority on the main currencies that compete with the US dollar . It can be assumed that the long-term outlook will most likely be positive for the American currency, but the medium term will most likely take place within the framework of a downward correction for this...
#SILVER.. well guys market very well holding your supporting trend line as we discussed in our video analysis,
in first go market placed exact low near supporting line and bounced.
its still valid supporting line if market hold it then again you can see upside momentum otherwise below that line a straight drop on table.
good luck
trade wisely
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
From my analysis(excluding fundamentals, as they can change over time) I have found quite a good place to enter long positions if Silver has a pullback. We may expect a pullback because Silver is at a price which had a history of being rejected. So maybe this will be a great trading opportunity, I have mapped out a possible entry with an RR of 4. But remember that...
Pair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Consolidation Phase as an Corrective Pattern in Short Time Frame and rejection from Upper Trend Line
RSI - Divergence
Break of Structure
Silver (XAGUSD) is currently positioned within a critical support and demand zone, ranging from 24.5 to 24.7. This zone represents a significant area where buyers are anticipated to be active, potentially leading to a reversal in price action. Considering the trading sentiments from the last week, which recorded 6 sell signals, 10 neutral signals, and 28 buy...
It's been a while since we've done an update on our Silver analysis as market has been in an accumulation phase. But nevertheless, we are still holding onto our Silver buy position & it is running in strong profits🦾 Currently giving us a 24% ROI (4,800 PIPS).
I analysed it, There is Short opportunity for Silver at market price and Price should go down 23
Enter Price 24.700-24800
Target 23
SL 25.100
This is my analysis for XAGUSD
Gold is in a downtrend with decreasing prices. The important support range we have is 2150 - 2155. Gold has tested this support several times over the past 2 days and the strength of the support is very high and has not been broken.
Now we need to see the reaction of this range for the coming week. Considering the formation of a descending triangle pattern by the...
Silver had a very important resistance that it broke through with strength and now that range has turned into strong support. Silver faces another important resistance on its way, if it fails to surpass and break that resistance, we can expect a price drop to the support range of 23.417. However, in case of breaking the resistance, we may anticipate an upward...
Silver (XAGUSD): OANDA:XAGUSD
In Silver, we believe we have formed the low with Wave 2 at $21.93. Since then, we've developed Waves (i) and (ii), and now likely Wave (iii) as well. It appears we've caught up with Wave (5) at the 50% extension level at $25.36. Should we now drop for Wave (iv), we expect it to be in the range between 38.2% and 61.8%, more...
✅SILVER fell again to retest the support of 24.493$
But it is a strong key level
So I think that there is a high chance
That we will see a bullish rebound and a move up
LONG🚀
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My dear subscribers,
This is my opinion on the SILVER next move:
The instrument tests an important psychological level 24.916
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 25.205
About Used Indicators:
On the subsequent day,...
Silver (XAGUSD) reached the 25.000 Target that we set more than a month ago (February 15, see chart below) easily surpassing the 0.786 Fibonacci level and getting heavily rejected exactly at the top (Lower Highs trend-line) of the 1 year Triangle pattern:
On July 20 2023, a rejection slightly lower started wave (e-f) towards the bottom of the High Volatility...
Support and press the rocket to cheer me up
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