Silver 4-hour wave count: The correction of the green fourth wave ended on the evening of last Thursday, the 26th. On Monday, we have already started the rise of the green fifth wave. Currently, gold is being led by silver, with silver being stronger. The target for the green fifth wave is 34.
Silver technical analysis: Regular readers will know that I have been awaiting for gold prices to pop higher over the past week. Whilst there's no cigar, the bias remains bullish until bearish momentum returns to the daily timeframe. However, silver may have the more compelling setup. Silver prices formed a strong rally in March through the first half of April,...
Hello,Traders! SILVER is trading below A horizontal resistance Of 27.69$ and after The retest we will Be expecting a local Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
SILVER - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell SILVER Entry Level - 27.327 Sl - 27.720 Tp - 26.683 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
BUY XAGUSD for uptrend continuation STOP LOSS : 26.65 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward...
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
Described everything in the idea about gold and snp500, check it out
Purple Box: Bearish (21.6 - 22.1p/o) Blue Box: Bullish 1.(25 - 25.6) 2.(28 - 28.7p/o) Bullish Scenario Silver's a very under priced metal, I'm thinking because countries are stock piling more gold they should also be doing the same with silver... Prise is finding or has found support above 22p/o and so a push upwards towards 25 is highly probable... ...
The market is currently in a correction pattern and is reacting to a possible level of structure. Let's see if this the move that we are expecting to move price up. Feel free to share your views
📊 Due to the decrease in the downward momentum of the price movement, if the range of 26.80 units is broken upwards and the price stabilizes above it, the price may increase to the range of 27.30 units🎯, and in the case of the strength of the range of 28.30 units🎯🎯. 📊 Otherwise, the price may fall to the range of 25.70 units.
Silver prices have faced resistance at key technical levels and failed to break out, amid strengthening U.S. dollar and concerns over industrial demand. With economic data showing signs of improvement and risk appetite increasing, the bearish pressure on silver is likely to continue in the short term. Silver Market Bearish 📉 Date: May 9, 2024 Asset: Silver...
Preferred direction: BUY Comment: As noted at the beginning of the week, the prospects for metals are quite vague, but it is still possible to make more assumptions about growth. The nearest serious resistance level is located at 28.69664 , where growth is considered. Both scenarios are depicted in the graph. Scenario №1 is the most likely, and here it is...
The further I look back on the Silver chart, the more I am convinced of this scenario (though it is not guaranteed), and I see $27.70 (ish) as a strong support level. If it holds, I see ~$33 as the next movement. I go strictly by the charts. Politics and Monetary Policy could affect this scenario GREATLY. DYOR. Trade Slick.
This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful...
Technical Analysis: Silver has failed to break above key resistance levels multiple times, indicating a lack of bullish momentum. Market Sentiment: There's growing uncertainty surrounding global economic recovery, with concerns about inflation easing and a potential interest rate hike. This could dampen demand for silver as a safe-haven asset. Dollar Strength:...
Hello Everyone, The XAG/USD pair is currently showing signs of upward momentum, with a significant resistance level at 29.078. Our focus is now on observing whether the strong 1Y resistance point at 27.222 can potentially serve as a support level if retested in the future. TradeWithTheTrend3344
Silver made a harmonic pattern ABCD. And as we know D is the reversal point and after reaching point D the silver start making higher highs and higher lows (Dow theory)
📊 According to the buying pressure in the market, if the range of 27.45 units is broken upwards and the price stabilizes above it, the price may increase to the range of 27.70 units🎯, and in the case of the strength of the range of 28.30 units🎯🎯. 📊 Otherwise, the price may fall to the range of 26.90 units.