Silver is at a critical point as it is approaching Resistance (1) at 24.600 that is holding for the past 3 months. The MA50 (1d) is flattened and is inside the Pivot Zone. Trading Plan: 1. Sell as long as the price is closing under Resistance (1). 2. Buy if the price closes (as 1d candle) over Resistance (1). Targets: 1. 22.250 (Pivot Zone). 2. 26.000 (under...
XAGUSD/ Silver is on a 2 week rise after rebounding on the Rising Support. The price is now approaching the Falling Resistance that started on February 1st 2021. We expect a correction back to the Rising Support and bottom of the Pivot Zone. Target 21.000. Follow us, like the idea and leave a comment below!!
Head and Shoulders officially formed on Daily. The previous analysis, we were waiting for the pattern to form a Right Shoulder. Now with the price breaking below the RS, almost confirms the trade entry. 21>7 Price <200 - Bearish (Red back) RSI<30 - Bearish Target $16.30
Since early last year, we have been following a certain buy low/ sell high approach on Silver (XAGUSD) after we identified that it has been trading inside a 2-year Channel Down: We most recently turned bearish again on precisely the right time on our previous January 31 sell call: Right now however, with the price having broken on Friday below the 1D...
Head and Shoulders formed on the daily of Silver. The price could next head on up to trap the bulls before the downside (forming a Right shoulder). 21>7 MA Price <200 - Bearish (Red back) RSI<30 - Bearish Target $16.30 ABOUT Silver and why the price could drop Silver is a precious metal that has been used for coins, jewelry, and decorative purposes for...
SILVER already hit demand zone and will likely go on a reversal. Exit at 3rd demand zone.
Silver is completely bearish on the 1D time-frame (RSI = 30.745, MACD = -0.501, ADX = 35.018) with the RSI almost oversold. The long term pattern since early 2021 is a Channel Down and the last time inside this pattern the 1D RSI hit 30.000 was on September 1st 2022, which was a market bottom and Lower Low on the Channe Down. In order to help us get a better...
SILVER EMA about to cross HA Trend Follow upwards. Exit at upper BB
Silver (XAGUSD) couldn't have gone better since our September 12 buy signal as following the Lower Lows Double Bottom, it not only broke above the 1D MA50 (blue trend-line) and 1D MA200 ( orange trend-line), but also made a new Extreme High on the 1.382 Fibonacci extension . As you see, we've charted Silver's pattern since February 01 2021, which is a Channel...
In this update we review the recent price action in the Silver futures contract and identify the next high probability trading opportunity and price objectives to target
Title: Silver Futures (SI1!), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 24.775 Pivot: 706.50 Support: 23.140 Preferred case: Looking at the H4 chart, my overall bias for SI1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to...
Silver (XAGUSD) couldn't have gone better since our September 12 buy signal as following the Lower Lows Double Bottom, it not only broke above the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), but also made a new Extreme High on the 1.382 Fibonacci extension. As you see, we've charted Silver's pattern since February 01 2021, which is a Channel...
Silver (XAGUSD) has been trading since September exactly like we wanted it to, as we have been tracking its long-term Channel Down pattern correctly: Our 1D MA200 (orange trend-line) target has been hit, with the price also marginally breaking above the top (Lower Highs trend-line) of the Channel Down (Fibonacci level 1.0). That doesn't call for a bullish...
This is a long term outlook on Silver/ XAGUSD and its weekly chart. There is a pending Death Cross on the 1W time frame (blue MA50 to cross below the orange MA200). The 1W RSI pattern points towards the 1979 - 1989 Cycle where its 2nd Death Cross started a new multi year collapse that made a new market low. This can be avoided only if the metal breaks above its...
Silver has formed a Triple Bottom and is above the 200MA. These are all bullish signals for a trend reversal and is likely to shoot up. First target is around $24.02
Type: Bearish Momentum Resistance: 19.965 Pivot: 18.830 Support: 17.495 Preferred Case: The H4 price is below ichimoku cloud, The price may drop form the pivot at 18.830, where the overlap resistance is to the 1st support at 17.495 where the swing low sits Alternative scenario: If there is a price reversal, price will move to 19.965, where the overlap...
In this update we review the recent price action in the Silver futures contract and identify the next high probability trading opportunity and price objectives tot arget
Roll up your sleeves and get to work on your order flow reading skills! This market is providing opportunities based on the right interpretation of the order flow script like few times I’ve seen… Don’t trust me? Watch the video and judge by yourself. In my last video it was gold, so this time is the turn of the younger brother silver. This one has got a...