Silveranalysis
XAGUSD Buy Silver price is $23 For today. Inflation rate is too high in global economy, technical analysis also gives bullish signals on Gold and Silver charts. S/L is under $20 T/P $40. Good luck!
XAG/USD (SILVER) WILL UP BEFOR DOWN XAG/USD (SILVER) will go upside a little bit and after that, it will come downside as an impulsive or an ending diagonal (falling wedge) to finish the c wave of 5th of 2nd wave as an ending diagonal.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#XAGUSD #SILVER
SILVER looking up 🦐SILVER on the 4h chart after the break below the weekly support has now moved back above.
The price broke the descending channel and is now testing the minor resistance.
According to Plancton's strategy if the market will break above and satisfy the Academy rules we will set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Silver is entering my sell zoneIn my yesterday's commentary on Silver, I said that around 23 is the best place to sell.
If we look at the h1 chart, we can see that since the 21.50 low and daily support, Silver has started its rebound.
However, the rise is overlapping, not impulsive, and is drawing a rising wedge on our short-term charts.
At this moment Silver is entering my sell zone between 22.80 and 23.30 and I expect gains to be well capped here.
Confirmation of a potential drop comes with a break under wedge's support and the target can be the recent low.
Also, a reversal from this point will make me strongly bearish Silver and in my opinion, this 21.50 can fall also if you get there.
Silver above 23.50 would negate this scenario
Silver- Best place to sell for a 4k pips profitAfter reaching 21.50 support, Silver has started to rebound and is trading now 1k pips up from this support.
However, after the false break above H&S s neckline, in my opinion, XagUsd is in a downtrend and will soon resume its trajectory to the downside.
The best place to sell it is just under 23 resistance, and such a trade can have a 4k pips profit if we target 19 support
Silver: A long road ahead!We have come so far already, but there is much more to do! In our primary scenario, we expect the course to further drop and fall under the support at $21.41. After reaching these levels, the final stage of falling below $20 can be tackled. A temporary countermovement has a probability of 25% and can only be realized with an increase over $25.88.
Keep waiting!
Silver Still Bullish into end of year Hey guys, this is follow up to my US100 call today linked below, I see silver falling to the support line making a big double bottom supported by strength coming back into the RSI causing a strong bull run into the new year come after. December has always been a great time to be invested in precious metals often coinciding with strong rallies, I think most people understand that the fed is behind on tapering and will speed up but I doubt they will sped up enough on there policies so maybe this could be a reason for a flock to precious metals as a flight to safety for next year. First target is 10.7% away from the support line where we have had previous support and resistance and by the time we get there the 150 EMA will Also be there acting as resistance. But I stress wait for Gold to confirm this trend and watch the gold/silver ratio seems to be topping so silver will outperform gold here.
follow for the follow up charts coming throughout the week on where i will cover another play i have on AUD/JPY, AUD/USD, stock buys and further breakdown on possible big short early next year.
XAGEUR LONG - Buy Entry - H4 ChartXAGEUR LONG - Buy Entry - H4 Chart
Symbol: XAGEUR - Silver
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Stop Loss: 19.259
Take Profit: 20.125
Take Profit: 20.438
🔺 Major Resistance @ 19.754
🔺 DISCLAIMER
🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
Silver weekly analysis As you can see in the chart Silver is making lower high on weekly time frame and after 3 weeks of down fall we can expect a bounce back from next week.
21.50 is very important support area, if closes below the level will attract heavy selling.
Let it consolidate for 1 or 2 days then buy above recent high.
We can head back to 23.50
Closing above 22.50 will confirm up move.
XAG/USD (SILVER) GOING UP FOR A SHORT TERM RECOVERYXAG/USD (SILVER) is going up-side for a short-term recovery for wave b of the 5th wave as an ending diagonal (wedge pattern) on the 2nd wave. If the scenario is right we can go around $23 then we will go below the recent low of $21.79 ( if the 5th wave doesn't truncate).
Wave be must probably go as a zigzag (5-3-5) patter but it is not necessary it can make a complex correction, flat or a triangle as well so need to be very careful on price action.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only.
All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#XAG/USD #SILVER #ELLIOTTWAVE
SILVER (XAGUSD): Key Levels to Watch 🪙
Hey traders,
After a bearish breakout of a key level, Silver keeps falling.
Here are key levels for you to watch & trade next week.
Support 1:
21.4 - 21.6 area
Resistance 1:
23.0 - 23.3 area
Resistance 2:
25.3 - 25.5 area
Wait for the test of one of these levels,
then wait for a confirmation to buy/sell
❤️Please, support this idea with like and comment!❤️
Silver possible +10% upside Hey guys, Silver looks to be bottoming out at this $22-22.3 range with a lot of wicks showing strong buying pressure. We have a previous support line there and a Fib retracement line there acting as strong support with a consolidation flag on the 1 hour time frame shown below developing a reversal trade setup. With the RSI showing buyers momentum increasing I believe we brake out of that pattern, which means this channel pattern on the daily will play out. The first leg reaching $24.5-24.6 where again we have a previous support line, 150 day MA and a Fib line acting a resistance and could bring a pull back before we resume past this point and push to the top of the channel. For now I'm only targeting this $24.6 price until we get closer to the further targets.
1.6% risk for a 9.5-10% reward
I'm going to be buying warrants to make it around 40% profit to a 7% lose there abouts