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Silverlong

SILVER 4H : Retest and then will rise up SILVER New forecast The price of silver ended last Friday's trading with strong negativity, settling below the 23.00 level and confirming the shift to decline, on its way to testing the 22.21 level initially, and we are likely to break this level to achieve additional negative targets up to 22.00 level and then will rise up again . Therefore, a bearish bias will be likely for today, supported by the negative pressure formed by the moving average 50, taking into account that breaching 23.00 will stop the expected decline and push the price to recover again. The expected trading range for today it will be between support 22.00 and resistance 23.00 . Additionally ,Today News will affect on the market . resistance line : 22.60 , 23.00 support line : 22.21 , 22.00 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAGUSDLong
by Arazmajeed
3
"Silver's 44-Year Cup and Handle Formation"Silver: 44-Year Cup and Handle Formation Points to Bullish Continuation Silver, a timeless asset with a rich history, is capturing the attention of investors as it forms a 44-year cup and handle pattern, signaling potential bullish continuation. The current compression of the handle, coupled with a bullish pennant setup, suggests that a breakout could herald the onset of the next major bull cycle. Let's explore the dynamics of silver and the promising prospects it holds for investors. Understanding Silver's Cup and Handle Formation Silver's cup and handle formation is a classic technical pattern characterized by a rounded bottom (the cup) followed by a consolidation period (the handle). This pattern typically signifies a period of accumulation and sets the stage for a potential breakout to higher levels. With the cup spanning 44 years, the formation holds significant historical significance and suggests a prolonged period of bullish sentiment. Compression of the Handle and Bullish Pennant Setup Currently, silver's handle is undergoing compression, indicating a tightening range of price movement. This consolidation phase is often accompanied by diminishing trading volumes, reflecting indecision among market participants. Additionally, the formation of a bullish pennant within the handle further reinforces the bullish bias, as it typically precedes a continuation of the prevailing uptrend. Breakout Signal for the Next Major Bull Cycle A breakout from the handle's compression zone is anticipated to signal the beginning of the next major bull cycle for silver. This breakout would validate the cup and handle pattern, confirming the bullish continuation thesis and potentially unleashing a significant upward move in silver prices. Traders and investors alike are closely monitoring key resistance levels for signs of a decisive breakout, which could mark a pivotal moment for silver markets. Conclusion: Positioning for Bullish Momentum in Silver In conclusion, silver's 44-year cup and handle formation, coupled with the compression of the handle and bullish pennant setup, suggest that the precious metal is poised for bullish continuation. As traders await a breakout signal for the next major bull cycle, strategic positioning and prudent risk management are essential for capitalizing on the potential upside in silver markets. With the historical significance of the pattern and the technical indicators aligning, silver enthusiasts are eagerly anticipating the next chapter in its enduring journey as a sought-after asset.
TVC:SILVERLong
by UnknownUnicorn2319099
SILVER 4H : Support further rise upSILVER New forecast The price perfectly fulfills my last idea and price reached to our targets. The price of silver ended yesterday's trading with a noticeable positive note, confirming the breach of the 23.00 level, reinforcing expectations of the continuation of the upward trend during the coming sessions, and the way is open to achieving the next target at 23.50 and 23.73 levels . Therefore the upward scenario will be remain valid and effective during coming period , moving average 50 continues to support the proposed bullish wave, and the price may witness some sideways fluctuation, keeping in mind that breaking the 23.00 and then 22.60 levels will stop the expected rise and put pressure on the price to turn lower. The expected trading range for today it will be between support 22.60 and resistance 23.73 . Additionally ,Today News will affect on the market . resistance line : 23.50 , 23.73 support line : 22.60 , 22.21 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAGUSDLong
by Arazmajeed
2
Silver to 23.52, then 24.40 and ultimately 25.90Fundamentals backing this trade idea: - Silver as a seasonsal tendency to rise in the month of February - Looking at the Commitment Of Traders Reports, large commercial hedgers are decreasing their overall net short positions Thought process: Smart Money Concepts begin with adopting the 'Market Efficiency Paradigm' which is the idea that the market is either seeking liquidity or areas of inefficiency at a premium or a discount. I interpret the price run below 22.51 as smart money buying as a counter-party to traders who had market orders to sell the market at that price point (buying from sellers at a discount) To then offset some of their positions at 24.40 where there are willing buyers at a premium Any bearish candle that prints on the DAILY chart is viewed as a buying opportunity. I anticipate 'UP' candles to be broken through with low resistance and 'DOWN' candles to hold as 'support'
FOREXCOM:XAGUSDLong
by Randal-TraderState
2
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. ❤️Please, support my work with like, thank you!❤️
OANDA:XAGUSDLong
by VasilyTrader
1
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 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAGUSDLong
by Arazmajeed
2
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 ❤️
OANDA:XAGUSDLong
by Arazmajeed
7
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
TVC:SILVER
by Evar_Mayi
7