SILVER ANALYSIS (SHORT)Hello PIPPIN PEEPS!!! Seeing that Gold and Silver move in a similar way...I am LOOKING at the NEXT direction TO BE bearish. LETS SEE WHAT HAPPENDS YO YO! SWISH SWISH BOOM CHAKALAKA!
Silveranalysis
Silver Still bearish Hey guys, This is a follow up to my last silver post against stating the fact in the short-medium term Silver and the overall market travel together. Obviously not to the same percentages but direction, This is why Silver is a great indicator to overall market direction. I still feel Silver will fall to at least the C line before consolidating which would work with the us100 falling again over the next week. If Silver closes below the green line with that bearish candle it will be a quick fall to that Sub $20 mark. These points are also backed by the DXY gaining momentum after its little pullback.
SILVER (XAGUSD) | The best place to buy🎯Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the count we had at higher times, we came to the conclusion that we will have an upward trend.
This trend may be for wave 3 from the lead or for wave c from the correction.
At this time, a wave has formed in a leading form, which we have labeled as the main wave 1, and now we doubt the beginning of wave 3 or still in the correction process for wave 2.
For this purpose, we considered several ranges. The first range is the breaking of the canal roof (red circle), which is a confirmation for the beginning of wave 3 and the ascending trend.
The next price range will be 21000, which is a downtrend if this range is completely broken.
In the next analysis, we will determine more precisely what the ascending and descending scenario is like.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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XAGUSD (SILVER) - Update
XAGUSD is making good higher highs and higher lows (confirming bullish trend). We are expecting bulls to be active again and recent low is a Higher low.
One can take entries from here and sell it to higher side. Trade your levels accordingly
Silver to $5.20 end of Year ( Great Buy Opportunity ) Something is gonna happen that will effect the markets this year , it will flush all long buyers of metals and will create best buy Opportunity !
Not financial Advice
Silver: No Dormancy 🐻 🐻 🐻 Usually, at this time of year, bears would be snuggled up in a cozy cave or den for their annual dormancy. However, at the silver market, they are full of beans and hold onto the price fast.
After agonizing about it for a while, the silver price has finally fallen below the resistance at $23.48. Thus, we consider the downward trend we predicted affirmed. If the bears can keep the price below $23.48, we expect it to go even lower and break through the next marks at $21.94 and $21.41.
Still, there remains a 30% chance that the bulls could interfere and cause a change of direction. If they prevail and bring the price back above $23.48, they could even manage to shove it above the resistance at $25.49.
Bullish alt bat formation in xagusdThe waves in the c-d leg extended beyond 1.414 level after the alt.bat pattern completion. A short retest is going to happen then the Bulls shall target 0.382 & 0.618 levels.
Silver Analysis (Bearish)Hello,
According to my wave count, i expect another decline for silver below previous low. It looks like we are at wave 4 of C that is taking a triangle shape. if that's in fact a triangle, i expect Xag/Usd trading between $18 in the next few weeks. After that occurs we have had completed a bearish wave pattern. Only time will prove me right or wrong
Happy trading!
SILVER (XAGUSD) | The best scenario for climbing📝Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
As we said in the previous analysis, we will generally have an uptrend, which may be for the impulse phase or the continuation of the correction process.
According to our count from this part, the process of waves 1 and probability 2 is over, and if the upper side of the channel is broken, the beginning of wave 3 is also confirmed.
Otherwise, according to the previous analysis, the downward trend will continue, but it will deviate from normal and the strength of this decline will decrease compared to before.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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Silver can roll back to supportSilver has had a very good start of the year, with the precious metal gaining more than 10% in only 3 weeks.
From a technical perspective, the price has started to drop from an important confluence resistance given by the falling trend line and horizontal support and we can have a continuation to the downside in the next days/weeks.
23.50 is now support followed by 21.50 very important one which can also be bears target.
A new high above 24.50 would negate this scenario
Best opportunity for investment in this bloodbathI mentioned silver a few months back and I'm still on my words. I follow this path for Silver and I have solid fundamental reasons as well.
SilverSilver in a down play and has a way to go. Buy it up at ~$15 next year. Tell your grandma and grandpa.
Precious Metals on a very important inflection pointYesterday, Gold has broken above a very important level, 1830, a level that acted as resistance since July last year, and at this moment we may wonder, is this just a spike, or Gold has resumed its long-term uptrend?
Looking at the posted weekly chart we can see that after the strong reversal that followed August's low, the yellow metal has put in higher lows on our chart in September and in December (also this low is confirming a strong support zone at 1750-1760). Last week Gold has reversed again, this time from under 1800 and, as I said, yesterday it has broken above horizontal resistance.
At this moment XauUsd is facing an important figure, both psychological and technical, 1850. A break above this level would put bulls in a very good position and could lead to further gains towards the 1875 last high's resistance. Also, a break is extremely important, putting a stop to the sequence of lower highs started back in August 2020.
Platinum:
Unlike Gold, the recent high for Platinum happened in February 2021, and since then XptUsd corrected more than 30% to 900 zone, a zone that acted as support for more than 5 years.
At this moment the price is back above 1k and just under a very important technical confluence resistance provided by the falling trend line and the horizontal level. A break here is also very important, signaling resumption for the uptrend started back in March 2020 and giving scope for big gains for Platinum in 2022 (even to 1500)
Silver:
XagUsd's was more clear and technical than Gold's, with the price stoping and reversing for 5 times from 21.50-22.00 zone and confirming this old resistance as strong support
At this moment here also the price is facing an important zone and once Silver gets above, considering its violence and volatility I wouldn't be surprised to see the price at 50usd and a doubling in value.
XAGUSD is close to trendline Silver is moving in a downward channel and price is so close to the top of the channel where it decides to break it or be rejected by it.
Local support and resistances are also seen.
Good luck
Buy Gold and Silver when this ratio breaks down!When the gold/silver ratio breaks down, the evidence is clear. A rally in both metals will occur soon after.
Silver benefits much more from this ratio breaking down than gold, however both metals will rally.
Silver: supported by a rising trend lineEven though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Our preference: Long positions above 22.60 with targets at 22.85 & 23.00 in extension.
Alternative scenario: Below 22.60 look for further downside with 22.45 & 22.32 as targets.
Silver is approaching short term resistanceAfter making an instraday low just under 22 figure on Monday, Silver has started to recover and now is trading at 22.55.
However, the rise from the low looks corrective and is overlapping and now the price is also facing 22.60-22.80 strong resistance zone.
My opinion doesn't changed and I 'm still bearish Silver but at this moment I wait for more confirmations.
A daily close under 22.40 would bring this needed confirmation and price can drop to 21.40-21.50 after such a daily close
the 3rd wave will continue from $16.59?crab harmonic pattern:
X=$71.64
A=$1.55
AB=0.38 XA
BC=0.38 AB
1.6 BC=$9.48
2 BC=$11.74
2.24 BC=$13.43
2.6 BC=$16.59
3.6 BC=$29
0.78 XA=$31.54
4.23 BC=$41
0.88 XA=$46.28
1.13 XA=$117.92
6.85 BC=$177.21
1.27 XA=$203.24
1.41 XA=$344.94
1.6 XA=$765.62
SILVER TO 26$External weekly parallel channel showed us a powerful uptrend at 21$
The market created a internal daily parallel channel and made a 3rd bounce.
Expecting a ABCD pattern to 26$
SILVER (XAGUSD): Breakout & Bearish Continuation 🪙
Hey traders,
At the end of December, Silver reached a strong horizontal resistance level.
Then the price formed a descending triangle formation - bearish accumulation pattern.
Breaking its support this morning the market confirms an overwhelming bearish pressure.
I expect a bearish move to 21.6 level.
Look for an occasional retest of the blue structure as your entry.
Safe stop will be at least above the falling trend line of a triangle.
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Silver (XAGUSD) Analysis 04/03/2021this is a 2 Day Candle Chart
as we can see the Price is up Ranging in a Yellow Ascending Parallel Channel where currently it is trying to break the lower bond.
there exist a Fibonacci golden zone of the smaller impulsive wave, which can show Support and if the price bounces from it then we can target the 1TP, which is Fibonacci Expansion -27% level of the main Bullish Wave.
the Red Box (Fib Confluences Level IMPORTANT) is the confluences of the 76.4% Fib Retracement of Smaller Impulsive wave and 38.2% Fib Retracement of the main bullish wave, where if the price falls and it stands as a support and bounces the price, then we can target the 2TP, which is the -61.8% Fibonacci Expansion Level of the main Bullish Wave.
there are 2 Vertical Lines which Shows the Speculated Dates for Achieving the Specified Targets, they are specified by Trend-Base Fibonacci Time,
there are total of 2 TPs Specified
1TP=35$
2TP=41$
please comment your Opinions...
Silver- Sell rallies is my strategyIn my last Silver analysis I said that above 23 is strong sell zone for Silver, and after 3 attempts to stay above this figure, Silver has dropped hard, confirming these attempts as false breaks and breaking back under 22.60 support.
Now XagUsd is trading at 22.15 which is minor support and I expect continuation to the down side.
My medium term target for Silver remains 19usd, but short term traders can see also 21.50 support as a confortable target.
Sell rallies towards 22.60 is my strategy for Silver and the price back above 23 would negate this scenario
Silver may SlideSilver Struck in squeezing triangle but about to break it on the lower side. It has support near 200 Weeks EMA which is at USD 21.120 only. Below 200 Weeks EMA the support is near 19.268. On the higher side Silver will be bullish only after it crosses 26.019.
