Get started

Silveranalysis

SILVER:BUY From Resistance FIBO Levels For a LONG PullbackSILVER reaches the Fibonacci levels of 50% and 61.8% in confluence with the dynamic trendline to have a new pullback in the direction of the main trend long. Yesterday had a solid reaction to the FOMC release news with a Bearish impulse. Today's price may be affected by the release of the US Initial Jobless Claims and the Retail Sales MoM and the Core Retail Sales m/m that shows a decrease in the total sales value at the retail level. Our forecast is about a pullback in this area with a recovery of value by the Silver.
OANDA:XAGUSDLong
by FOREXN1
8
Bullish entry from small frame consolidation breakout!Alright guys, our bearish cycle started from the price level of ~27.94 and ended at the price level of ~17.59. Considering both these extremes we have a very broad range of over 5000+ pips to play in between. We are now having multiple PAs to confirm our bullish continuation, such as: 1- Major Inverted Head & Shoulders pattern with a broken neckline, marking the reversal to expect higher levels. 2- As target zone 1 (First Supply zone, the first small red box 22-22.6) was hit, we claimed the due correction to back to 20.60s range as elaborated in my previous idea about (see related ideas). 3- We are now headed for the target area of ~23.30-23.45 which is near our 0.618 fibo retracement level resistance. From this level, expect some small frame (H4) connection, our next long entry will be from this consolidation breakout exit if it appears . Therefore, have patience and wait for the sharpest entry. Major Target zone in the big red box is where we probably heading as we break through the Golden resistance at 0.618 Fibo retracement as mentioned in the chart. Best of Luck and Happy Trading :-) The major reversal trend driver is the announcement of the federal reserve over easing out on aggressive monetary policies!
EIGHTCAP:XAGUSDLong
by Uzi-Trades-Forex
4
GOING LONG IN XAGUSDI have noticed the nature of the chart from some previous data that is listed below: 1. The price action goes down in the range of 20 to 30% 2. The price action goes up in the range of 25 to 30% 3. The price action goes in the range of 50-80 days Going to take a long position due to some reasons as listed below: 1. Trend is Bullish 2. Recently form an inverse head and shoulder which indicates it will go up 3. Divergence line in the RSI is in sync with the chart in the upward direction 4. Strong Green candles at the Higher Low 5. Retest strong 0.236 fib support level 6. Recently head and shoulder gives us a bottom which is a good support if we look back at the 2020 chart
OANDA:XAGUSDLong
by hassamsaeed
Silver Analysis 06.12.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
OANDA:XAGUSD
by basictradingtv
1
silver is about to go downaccording to Elliot wave principle, silver just finished a WXY correction with a 5 wave as wave Y, which terminates at 23.514 and which is exactly 0.618% of the preceding wave and wave Y is just 0.628 points away from 22.912 as 1.618% of the projected wave W, expanded to wave X, where wave Y terminates @ 23.514 of the correction. and on the smaller degree, wave 5 of wave Y terminates at exactly 23.514 which is .618% of the net price action movement of wave 1&3 which indicates the completion of the fifth wave.
SShort
by felixgodwin
Is Silver preparing for long bull run?Comparing the last 50 years of the Silver chart along with the 80's market top along with the 2011 market top. We can see a clear cup and handle 42 years in the making. Price action is laid over 2 indicators The Extended Golden Ratio Multiplier The CM Ultimate MA MTF The focus of this chart is the pink fib line of the Multiplier and the green & red CM Ultimate MA. I have the focus area circled with what seems to be the interesting point of the chart and indicators. In 1987 the price of silver tired to push back through the MA lines but was rejected and in 89 the pink line followed and kept falling. in 2019 and 2020 try's the same move but this time price action pops through then corrects and so far seems to have found support on the MA lines. At the same time the pink line is crossing the now red CM Ultimate line which historically has happen every time price action has made moves up for months and months afterwards. We also cannot skip or not touch upon the Dragonfly doji caused in the first half of 2020. This too is usually a very indicator that price action could be moving up over the next few candles and beyond. Although Gold to me is showing some signs of weakness, Silver to me at least from this chart looks like a very bullish for possibly next few years. Let me Know what you think down below. Thanks for looking WeAreSat0shi Stay Blessed!
TVC:SILVERLong
by WeAreSat0shi