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Silver

SILVER Will Move Higher! Buy! Here is our detailed technical review for SILVER. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 30.563. Taking into consideration the structure & trend analysis, I believe that the market will reach 31.333 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAGUSDLong
by SignalProvider
1
Gold relatively deep pullback..watchlisting it..Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Watching gold for it to hold the level. quite a deep pullback of 5%. Let's see how it hold out. If it holds I think i would prefer a long on Silver USD instead. Let's see how it plays out. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
FX_IDC:XAUUSD
by Shadowing_The_Big_Boys
Strifor || GOLD-24/05/2024Preferred direction: BUY Comment: Metals after the corrective movement are considered for medium-term long. There is no need to talk about the short term yet. The most likely scenario for gold is growth from the level of 2343.869 (scenario №1). To do this, it is necessary to close above the level of 2343.869 , thereby forming a false breakout after such an aggressive approach to the specified support level. Scenario №2 assumes growth after a deeper correction towards the level of 2300 . In this area, using a similar format, according to scenario №1 , one can expect growth towards the target at the level of 2431.590. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
1
Strifor || AUDUSD-23/05/2024Preferred direction: SELL Comment: We did not see another short-term growth in the Australian dollar , as a result of which we had to abandon this idea, and today it is most likely better to consider this instrument more from the seller’s point of view. The most likely maneuver in favor of the seller will most likely develop from the level of 0.66460 , which will most likely become resistance again (scenario №1) . However, a close above this level, especially on the daily chart, will immediately restore confidence in buying, and selling will have to wait. Scenario №2 is more conservative, according to which you should look for a sale near the level of 0.67500 , after updating the local maximum. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Strifor || GBPUSD-23/05/2024Preferred direction: SELL Comment: Today is quite an interesting day from the point of view of the publication of economic events, and, most likely, there will be volatility in both the European and American sessions . Against this background, it makes sense, based on a number of important technical factors, to begin to consider selling priority for a number of major currency pairs. Among them is the British pound. It should be noted that this is not a short-term trade, and here we will consider two scenarios. Scenario №1 assumes a fall today, especially against the backdrop of those important economic indicators whose publication we expect today. Scenario №2 is a more conservative, but at the same time less likely, maneuver. In both cases, we consider the target at the level of 1.26500. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
3
UPDATE: Silver trajectory remains up with target at $37If you place the regression channel you'll see Silver has been on an uptrend for the last few months. We have had a Reverse Cup and Handle and the price has been above both 20 and 200MA... So with the Zig Zags, the price will continue to move up until it reaches the first target at around $37.25. Silver is the second type of safe haven that is common for investors to buy during risky market conditions. Simlar to gold - but is generally on a slower path up.
COMEX:SI1!Long
by Timonrosso