Silveranalysis
XAGUSD Short Tram BUY signal....NOW
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XAGUSD - Silver Next Possible Move ??XAGUSD - Silver Technical Analysis Chart Update
Time Frame - H1
Patterns in Long Time Frame ( LTF )
1 - Bearish Channel with Rejection from the lower trend line ( LTL )
2 - Impulse Correction Impulse
Patterns in Shorter Time Frame ( STF )
1 - Elliot waves with Corrective '' B '' wave done now Heading Towards '' C ''
2 - Bearish Channel
3 - Rejection from Good Fibonacci Level - 23.70 %
4 - Divergence
Silver possible will Bull soon
Hey guys, this is part of my post earlier explaining the bigger picture and what we could be seeing till the end of the year into 2023. Gold and silver are both bouncing on previous support lines and after the next sell-off in the equity markets, we could see a double bottom solidifying the bottom for now and see precious metals bull hard maybe back up to the highs of this year before the next inflation cycle downturn early next year.
This idea is supported by the pattern with the AUD - USD, if you compare Silver with AUD they track perfectly so is a great indicator of precious metals markets (chart below).
DXY and yields falling also support this idea.
Silver Long Term AnalysisIn daily chart we can easily see Silver doing a bullish divergence. RSI is under 30 since nearly the beginning of the month so I think that looking really oversold. In addition to these if we look at the EMA 200 line which was resistance and support for many times, I think we can take that line as our reference target point. Since EMA200 and $22 support nearly at the same level thats not so impossible to see that location as target and a resistance.
SILVER (XAGUSD): How to Catch a Bullish Move? 🪙
Hey traders,
Silver is taking off from a major demand area that we spotted on a weekly time frame.
To catch a bullish move, watch a falling intraday parallel channel.
Your confirmation will be its bullish breakout.
After a breakout, a bullish move will be expected at least to 19.3 level.
If the price breaks a yellow structure to the downside, the setup will be invalid.
❤️If you have any questions, please, ask me in the comment section.
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XAGUSD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments respectful.
Thanks for your support....
Jamie Gun2Head - Selling SilverTrade Idea: Selling silver
Reasoning: Finding resistance at the 61.8% Fibonacci level, may the bear trend continue!
Entry Level: 18.905
Take Profit Level: 18.150
Stop Loss: 19.110
Risk/Reward: 3.68:1
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Big Moment For SilverHi, this is my new update for Silver. Silver has lost 32% of its value since March 2022 and I expect we have reached the bottom. If we look at the purple rectangles we see that the area between $18 - 19.50 always acted like support and resistance level in different periods. In July 2020 we broke the multi year resistance level (2014-2020) and we never backtested. I think now we have finally backtested it like a support level and at the same time we have reached a 61.8% FIB retracement level. We also have an oversold RSI level and I expect we are going to make a double bottom in the RSI like I drew and that will give us a bullish momentum. In the short term I expect we are going from $18 - 20.50 to backtest the 200 weeks moving average and I will update you guys in the near future.
Silver under pressure and further downside is expectedSilver - Intraday - We look to Sell at 18.85 (stop at 19.09)
The medium term bias remains bearish. Previous support level of 18.74 broken. A weaker opening is expected to challenge bullish resolve. Bespoke resistance is located at 18.85. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 18.85, resulting in improved risk/reward.
Our profit targets will be 18.14 and 17.90
Resistance: 18.74 / 18.85 / 19.41
Support: 18.14 / 18.00 / 17.90
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XAGUSD Broken last Support Zone, Descending TriangleI am sorry I am a little late on this one since I have not traded it for a while. Just like gold (XAUUSD), Silver is also influenced directly by USD. With USD on steroids, silver has broken lower than the last support of 21.83. It is now approaching its first target zone marked in green, breaking where it will proceed to the target zone 2.
This trend will not stop until the Federal Reserve gives it a break on the hawkish policies to strengthen USD.
The large descending triangle covers the entire period where USD lost its ground owing to COVID and USA presidential elections and is now on its way to reclaim its glory, although through some very drastic measures.
Please consider these target zones to see the most probable future targets. In order to proceed to the Target zone 2, it must break lower than target zone 1.
Happy trading, Happier profits, be a responsible trader and ensure proper risk management :)
Silver XAG/USD - LongLooking at the daily chart on Silver, we are currently trading in the 5th wave of a decline. While some short-term weakness is possible towards 18.45/18.18, we recommend buying at these levels for a move back towards 21.68 and 22.70. The bullish RSI divergence confirms our view as well.
XAG/USD TECHNICAL ANALYSISOn the monthly and weekly analysis of silver, you can see the price has formed a double top pattern and broke the neckline. I expect the price to decline back to the area where covid started and that will be in confluence with the target of the double top pattern which is the 14.20 area unless any unpredictable events occur in the time being. This is a medium-term analysis so keep in mind prices can move up and down in the short term, rely on a lower time frame analysis for better entry prices.
Silver CFD Analyzehello everyone
i think we reach to 38.2% fibo level and also a trendline.
we see two candlestick patterns too.
one bullish engulfing pattern
and one morning star pattern.
so maybe we could grow to 200MA and then correct again.
if you open a position dont forget too set your SL under this trendline
and early bottom u see in chart.
(!!!NOTE!!!
my posts are just my own opinion and you must trade and invest in your own strategy.
be careful and protect your capital first.)
thank you all for your supports
Silver / USD Long Term PositionSilver is in a falling wedge pattern. RSI indicator is in oversold area. Bollinger bands show a trend change because last candles are below the down Bollinger band. It can be inferred that it is time to buy and take a long position.
Target: 25.545
Entry: breakout to the upside from the falling wedge
SILVER (XAGUSD) Key Levels to Watch This Week 🪙
Here is my latest structure analysis for Silver.
Support 1: 18.83 - 19.63 weekly demand area.
Resistance 1: 20.45 - 20.67 daily supply area.
Vertical resistance 1: falling trend line connecting lower highs.
Because the market is trading in a bearish trend,
pay close attention to a contracting confluence zone between the horizontal resistance area and a falling trend line.
From there, I will look for trend-following opportunities.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Silver can drop to 18.90After the false up break of resistance from late May and the beginning of June, Silver has started to drop again and, last week has finally dropped under important 20.50 support.
Now Silver is trading also under 20usd figure and there is a high probability of down continuation.
Rallies above 20 should be sold with a target of 18.90 support and negation above 20.50