Frankly, $70 Silver does not sound crazy to me. I don't do advice; I only do patterns. DYOR. Trade Slick.
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure RSI - Divergence Fibonacci Level - 78.60% Demand Zone
Price is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 27.69 Why we like it: There is a pullback support level which aligns with the 38.2% Fibonacci retracement. Stop loss: 27.09 Why we like it: There is a pullback support...
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure RSI - Divergence Fibonacci Level - 78.60% Demand Zone
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)
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
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.
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves RSI - Divergence Break of Structure Fibonacci Level - 78.60% Resistance Level
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...
In my earlier analysis of OANDA:XAGUSD , I emphasized that bulls ought to monitor the price action closely, as Silver's correction might have concluded and previous resistance could now serve as support. As anticipated, following a double Pin Bar formation in that area, Silver's price began to ascend, currently trading at 27.60, around an interim resistance...
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:...
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...
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,...
On the 4-hour candles, an obvious falling wedge is emerging. Look for buy setups on the lower edge of the wedge and if the price can break the upper limits of the wedge, hold the position until the indicated target.
Hello everyone I have 2 scenario for gold and I guess That silver will achieve the first place among other precious metals very soon and lead all attentions to itself. For now it is struggling in a big range area from 2020 and so my bullish confirmation is whenever silver penetrate this purple channel and run away from this purple range zone to start its...
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...
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!
XAG/USD is how silver is labeled for spot trading on the foreign exchange market. Silver (XAG) is traded against the US dollar (USD), so its price shows how much one ounce of silver is worth in USD.