SILVER will hold resistance or not??#SILVER... market just reached at his upside final resistance of the day , keep close it because if market hold it then again drop expected otherwise not.
24.42 was our area if you remembered guys, that was our first supporting area in our last 4 to 5 #SILVER ideas,
in first go market hold it and then create a volume to move any side, now at his final area and that is 24.42
keep close it and dont hold your short positions above that level .
trade wisely
good luck
Silveranalysis
DeGRAM | Silver 50% retracement levelSilver pulled back to resistance and 50% fibo level.
If the market fails to break through the resistance level by creating a false breakout, we can sell from the confluence level.
We anticipate a retest of the support level since we have a price drop from resistance.
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#SILVER: A strong sell off expected! Dear Traders,
OANDA:XAGUSD a strong sell off is expected on silver this week. Firstly because recently price have been overbought and there is going to be ' a strong bearish impulse' due to adjusting he market equilibrium. Secondly, the NFP and other strong news that can affect the silver future price significantly.
We will have to keep close eye on the price action if price does not respect our zone then the idea will be automatically invalidated. we will update on this as we progress.
Silver analysis XAG/USD A monthly analysis of the silver chart is showing a major structure struggle. A lot of consolidation going on. However we have a higher timeframe head and shoulders pattern that has formed. The $25 $26 zone is the neck line here. We need a breakout on the weekly for the next exponential move up. Keeping in mind we have a multi year wedge patter within the same consolidation area.
SILVER (XAGUSD): Important Breakout 🪙
Silver broke and closed below a key daily structure support
with a high momentum bearish candle.
The broken structure turned into a strong resistance.
Probabilities will be high that the market will drop much lower.
Next support - 22.25
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Silver trying to break 12year old trendline.Silver trying to break 12year old trendline.
This is a long term chart. Based on history, big trend lines
shifts the long term trend.
With all the inflation going on people historicaly buy silver and gold
to protect them self from inflation and preserve their puchasing power
while their currencies fall.
On of my favourite copper/silver stocks that is leveraged for rising prices.
is Brixton Metals corp /symbl: BBB
AUMN - Time For Another Big Risk/Reward Play?I've certainly been wrong on AMEX:AUMN in the past, BUT I have always had proper stops in place to protect from the possibility of waterfall losses. I personally believe it's time to try again.
Gold & Silver appear to be breaking out and the setup is (once again) in play for AUMN. Below the teal support box is when to exit the trade . That's when you know you're wrong.
Other than that, we have clear resistance areas above and, ultimately, are still hopeful for the long-term target.
SILVER - Important Breakout 📈Hello Traders !
On The Daily Time Frame, The SILVER Price Broke a Strong Resistance Level (23.77640 - 23.24650).
This Resistance Level Becomes a New Support Level.
Moreover,
-The Price Formed aa Descending Channel.
-The Resistance Line is Broken.
So, I Expect a Bullish Move.
I'm Waiting For Retest...
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TARGET: 24.67000🎯
SILVER (XAGUSD): Technical Outlook & Trading Plan 🪙
Silver is currently trading within a narrow horizontal range on a daily.
23.20 – 23.43 is the support of the range.
23.93 – 24.14 is the resistance of the range.
Bullish breakout of the upper boundary of the range will give you a strong bullish signal.
Daily candle close above will confirm the violation.
A bullish continuation will be expected to 24.70 then.
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SILVER 4H : Support to rise up SILVER
New forecast
The silver price traded declined significantly and reached the level of 23.50, so we are forced to remain neutral until it shows the clearest trend during the coming trades.
Therefore the 23.50 - 23.35 levels is important fore Silver during coming period hence failure to stabilized under 23.35 it will support the price to rise up again and targeting 23.77 and 24.00 levels , taking into account that stabilized under 23.35 will put the price under sell pressure .
The expected trading range for today is between support 23.35 and resistance 24.00 .
resistance line : 23.77 , 24.00
support line : 23.50 , 23.35
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Silver - the next gold?Hello Friends 😁
After the peak in April 2023, it OANDA:XAGUSD has been declining throughout the year until now. I assume that this is a complex correction. In the A-B-C-W-X-Y correction, there is a nice A-B-C-D-E correction. The E wave should have completed the entire correction, and ideally, it should not fall back to the previous level.
I believe we are in a minor Wave (ii) of an encircled Wave iii. I expect that after the small correction that is coming now, we will see an increase to at least $25.
Bye 🫡
Silver 4H : Support further rise SILVER
New forecast
Silver price trading settled above the 23.00 level after the strong upward rally witnessed yesterday, enhancing the chances of the continuation of the upward trend during the coming sessions and heading to visit the 23.49 level and stability above it that will reach 23.77 and 24.00.
therefore , the upward scenario will be remain valid and effective during coming period supported by the moving average 50, taking into account that failure to breach 23.49 will put the price under sell pressure in the short-term and keeping in mind that the continuation of the upward wave depends on stability above the 23.00 level.
The expect range trading for today it will be between resistance line 23.49 and support line 23.00 until stabilized .
Additionally , Today News will affect on the market .
resistance line : 23.35 , 23.49
support line : 23.00 , 22.73
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Waiting for Silver. This idea uses Wyckoff theory, Dao Theory and modified Fibonacci.
Currently sitting at a range, prices are being pushed down to a better buying zone before takeoff.
Sold at the -0.383 level shown and it's looking for its proportionate "mirror image" at the 0.382.
If prices move below the 0.5 level this idea should be recalibrated.
The price is moving a bit up and was bought just before the 0.236 level at 22.49. It didn't really touched that level and that usually happens when price is going lower still.
At the moment sit tight and wait for a better entry price at 22.175.
Silver 4H achieving noticeable gainsThe price of silver ended yesterday's trading with a noticeable positive note, breaching the 22.25 level and settling above it, providing signs of an attempt to return to the upward path, but we note that the technical indicators provide negative signals that may pressure the price to decline again.
Therefore, the conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next direction, noting that continuing the rise and breaching 22.55 will push the price to achieve further gains and test the 22.89 level initially, while trading below 22.25 again will reactivate the scenario. The downtrend whose next main target is at 21.60 .
Pivot Price: 22.25
Resistance prices: 22.89 & 23.33 & 24.17
Support prices: 21.60 & 20.75 & 19.95
The general expected tendency for today: neutral
Silver 4H : Waiting for News SILVER
New forecast
The price of silver rose in yesterday's trading with noticeable positivity, penetrating the 22.23 level and settling above it, and approaching the 22.50 level to provide negative signals as long as the price is trading below the mentioned level.
Therefore the downtrend scenario will be remain valid as long as price trade under 22.50 supported by moving average 50 that is continue to support the price to decline but to confirm the bearish trend should stable under 22.23 and then will help the price to reach 21.97 and 21.60 , taking in to account that stabilized above 22.73 will postponed the bearish attempts and start the positive waves . so it is possible to continue at the positive correction until 22.73 and then dropping .
The expect range trading for today it will be between resistance line 22.73 and support line 21.97 until stabilized .
Additionally , Today News will affect on the market .
resistance line : 22.50 , 22.73
support line : 22.23 , 21.97
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️