Quarterly candles can give VERY POWERFUL signals. 5 trading days left for #SILVER to regain a CONVINCING breakout posture...
Silver: Daily Fibs and Indicators: Silver has a bull fib objective that takes it to 28.86, a massive move. It held it's 61.8% line in October 23 and was on it's way until December 23 when it stopped at the high of it's daily range. We traded down early in the year, only to test that high again htis past week. And, we are selling off of it again. We can't trust...
Silver showing consolidation around 75000. and although in overbought zone it is showing positive mfi divergence in daily time frame. One can enter in long position at 74830-74950 for a target of 76000+ stoploss 74700.
The markets are really all about finding patterns and taking advantage of such forcefully. With Silver, the commercial producers and bullion banks tend to exert the most amount of market influence upon its price. The reason is that Silver is primarily an industrial metal sensitive to economic demands and also due to the fact that unlike gold, it is primarily mined...
3.19.24 This video is a review of tesla, dxy, oil, and silver. It's all about using a handful of tools to help you decide where the markets are going to reverse and whether or not you should be taking profits or entering markets as a buyer or a seller with a high probability that the market will at least trade in your direction for a while... using a small stop. ...
A very rare chart setup for silver is playing out right now (only 3rd time in 50 years). 10 more trading days to confirm silver's quarterly defined breakout... Hang on tight! #silver #gold OANDA:XAGUSD OANDA:XAUUSD
After long Downside target done now next move possible for the Silver upside if sustain above 71672 stoploss 69137 possible target 72500-74000-75500-77500
Considering to the technical analysis silver is looking good for a good up move . A deep consolidation on the higher time frame and on the higher levels . We can go long for longer time frame with given SL and Targets on the charts .
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.
Silver, often considered the "poor man's gold," has been under scrutiny lately as it seems to lag behind its more illustrious counterpart. Traders and investors are closely monitoring silver's behavior relative to gold, seeking potential opportunities amidst this divergence. Let's delve into the technical analysis to discern potential trading...
🎯The chart is pretty self-explanatory as always! 🎯If I were you, I would keep an eye on this shiny metal. 🎯 With increasing turmoil over the globe, Precious metals are becoming lucrative. 🎯 Beautiful consolidation structures Share your thoughts below! ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions....
Silver has been trading within a wedge for about four years. As we approach the upper end of the resistance range, many traders are wondering if this can be the breakout that we have been waiting for. What is behind this move? There are a few potential catalysts that can explain the recent price action observed in March. Silver, similar to Gold, and BTC have...
Channels are an incredible tool for technical analysis. Today we're going to put them to the test with the recent moves up in silver, as it looks like the precious metal is currently sitting at a decision point that can (still) go either way. MEASURING IMPLICATIONS OF CHANNELS The real power of channeling is greater than just working with a supportive/resistive...
If the candle (1 day) closes below the last one, I believe it will go down. Hit me up if you agree with me
Silver is getting ready for a move to $50 levels. The momentum will pick up once the down-sloping channel is broken. A trade can be taken now with a stop loss at 20.45. Gold has already broken out, silver looks ready to follow. Indicators also imply the same thing: 1. MACD moving average is rising, and is now up above the zero line 2. RSI is above its RSI...
Silver is at a critical point in it's chart. With gold breaking to new highs, Silver has underperformed but has rallied alongside the yellow metal. Now we are at a critical stage that can see silver breakout of its flag and continue it's bull trend. The indicator that I love to look for longer-duration breakouts is the slow stochastics, specifically, when it...
Silver Future Weekly chart forming Ascending Triangle Pattern waiting for breakout.. it will make new high so buy silverbees to invest buy every dip..
#Silver priced in #Gold. False breakdown or simple retest? We will find out soon enough...