SILVER - Where to next? BIRD EYE VIEW!SILVER - Where to next?
An important few weeks ahead: FOMC minutes Wednesday, PMI's and on Nov 30th - Fed Chair Jay Powell is set to speak on the economic outlook and the U.S. labor market at Brookings.
With all of this we are at key support areas of DXY - I see a lot of individuals very bullish precious metals, I am too. Although, keep in mind trade what you see, not what you think.
Where will silver lead next? We are within the ranges of Lows: 18.100-18.500 & Highs: 22.
A break to either direction...
J-XAG
XAGUSD are you rdy for best short 😁Silver Woe to those who do not see the downward trend of silver.
The trend of silver is downward, on the other hand, silver's older sister, gold, is not in a good position, and gold's younger sister, which is silver, should be led down with it.
The trend of silver is currently in a bearish base, so we have the next bearish wave ahead of us.
The trend of silver is for 20.02677 and then it is 18.93789 dollars, so if you want to open a trade, don't forget the trend of shorting and selling silver.
SILVER Will Go Down! Sell!
Hello,Traders!
SILVER was trading in an
Uptrend but now we are
Seeing a bearish breakout
Of the key horizontal level
Of 24.8 and the breakout is
Confirmed so we are bearish
Biased and after the likely
Pullback and retest we
Will see a move down
Sell!
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✅SILVER TIME TO SELL|SHORT🔥
✅SILVER is now stuck inside
The parallel range and the
Price is making a pullback
From the resistance of 26$
And I am locally bearish baised
So I think that the price will
Go down to retest the support
At around the 24.8$ level
SHORT🔥
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SILVER Short Inside The Range! Sell!
Hello,Traders!
SILVER is trading in an
Uptrend but the price is
Now stuck in the parallel
Range and after the retest
Of the upper range bound
Of 26$ we are seeing
A bearish pullback so
I think that we might see
A further move down
And a retest of the
Support of the range
At 24.7$ level
Sell!
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Gold breaks out of consolidationGold has successfully broken out of its consolidation phase with a strong bullish engulfing candle that engulfed the last 11 days of trading. Now, with this strong upward move, it is expected that the price may retrace slightly to gather some liquidity before continuing its ascent. As for me, I will be waiting for the price to test the trendline slightly below it to look for any possible reversal signals that may indicate a buying opportunity for gold.
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XAGUSD, touching 61.8 FIB and persistently bouncing off it..SILVER has been going horizontal for quite a few days already but it seems like it found its solid new base already at 61.8 FIB levels. It touched that significant support area multiple times and it keeps being rejected to the upside.
24.5 to 25.0 is a major order block support at this point and it seems like a LONG shift in price will in be in play soon.
SPOTTED at 24.9
TAYOR.
SILVER Bullish Forecast! Buy!
Hello,Traders!
SILVER is trading in an
Uptrend and the price
Broke the falling and
Horizontal resistance
At 24.5$ and went further
Up so I am bullish biased
And I think that we will see
A further move up
Buy!
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SILVER - Catch This Move!In our last analysis, we identified that we were in wave 2, which is an ABC correction. We initially thought it would be a simple ABC correction but it appears we have an expanded Flat correction. We're expecting wave C now back down to wave A generation point.
Trade Idea:
- Look for lower timeframe trendline break or BOS for confirmation of reversal
- Enter with stops above the highs
- Targets: 23, 21, 20
Goodluck and as always, trade safe!
Joe Gun2Head Trade - Silver topped out in the short term?Trade Idea: Selling Silver
Reasoning: Silver topped out in the short term?
Entry Level: 25.1428
Take Profit Level: 24.22
Stop Loss: 25.4127
Risk/Reward: 3.5/1
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xagusd (silver) could be a good re-test for a buy? Hey everyone I believe silver could be a good trade a nice little 1h channel moving up, 4h trend up is also a good positive sign, recent bullish engulfing candlestick on the 4h confirms bullish bias, I believe a re-test of the top is likely, we also have 1h 200 moving average covering our stoploss, which even if it pullsback is likely to react and find bullish pressure once again. 😊 🚀
SILVER - XAG - Why I m BEARISH - FULL SETUPSilver is one step away from reaching resistance on the MONTHLY, it has increased a lot, a lot, but it will soon reach the area where many will close their profits.
There are many institutions that take profit in this area, so this area will become more and more difficult to hold and thus it will weaken a lot, in addition, RSI is super overbought and this shows that interest will soon decrease if the price does not have a serious correction.
I saw the first step on Friday when it rejected the support on the Weekly chart and fell quite nicely, but I have a SELL order above which is safer and could produce a nice profit.
Silver Almost Ready To Run50% Retracement @ 21.09
200 Day MA @ 20.98
200 Week MA @ 21.43
Strong horizontal support between 21.30 and 21.10
Broken Downtrend (blue line) @ 20.97
Weekly 6 RSI @ 31
Daily 6 RSI @ 16
There is so much support in this area. RSI on daily and weekly has room to run. Looking for a long from here to ~28.50
SILVER BULLISH OUTLOOKSilver is gaining momentum, similar to the other precious metal, Gold. But their purposes are different: while Gold is used as protection against inflation from investors, silver has a lot more industrial uses, especially in the green energy sector. This makes the metal a lot more sought after.
Both MACD and RSI are confirming the bullish trend, and if it continues, targets of 27.5 and even 29.1 can be expected.
On the opposite scenario, as a pivot point, 23 might be considered, and if silver surpasses that level, further down movement to levels of 21.9 can be observed.
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XAGUSD Daily Potential Forecast | 11th April 2023Technical Confluences
1. Silver is currently near last year's high
2. Near-term resistance at 25.31550
3. Near-term Support at 24.29100
4. High-up resistance at 28.13740
Idea
We are looking for price to continue heading towards the near-term resistance at 25.31550.
There might be some struggle to break through the resistance so we are expecting a possible pullback down towards the near-term Support at 24.29100 before continuing it's bullish momentum upwards.
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