Silvershort
Silver vs CPI numbers !Silver confirm ( bearish rectangular)
CPI TOMORROW
if someone think i hate silver , he is absolutely wrong .
TREND IS YOUR FRIEND
Rectangular bearish pattern mean we can go down same percentage of consolidation range percent
CPI with 75 ppt rise 18 $ in silver is normal
Good luck all!
Silver (XAGUSD): Key Levels to Watch Next Week
Hey traders,
What a bullish move on Silver on Friday.
Here are the key levels for you to watch next week:
Resistance 1: 21.05 - 21.23 area
It will be the next goal for buyers most likely.
Support 1: 19.06 - 20.07 area
Support 2: major rising trend line
Support 3: 18.7 - 18.94 area
Consider these structure for pullback/breakout trades.
❤️If you have any questions, please, ask me in the comment section.
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XAGUSD - Analyzing Accumulation exit scenarioSilver(xagusd) like gold has broken out of a 2 year long consolidation (accumulation) as well. Now we are looking for lower targets on both metals. Silver can be seen failing to retest the breakout point at 21.5 and therefore, chances are we will see it down.
Technical aspects:
1- A rising wedge consolidation and continuation pattern observed on XAGUSD (drawn in green), which breaks out at 18.66
2- We might be having a local head and shoulders situation that are targeting 18.46 but they confirm at 18.66 breakout, although it is small 100 pips target but it is almost a sure shot
3- Silver failed to break higher than the public participation darvas box so we are still projecting downwards
4- That Demand zone I marked with red slit is the most important local zone that needs to be broken to expect further low targets
5- If the Demand zone fails to support the silver metal price, projected targets lie between 14.6-16.2
Note: This analysis is valid as long as we do not break higher than 21.5 accumulation breakout price level!
Best of Luck! Happy Trading and Happier Profits :-)
Silver weekly update Its clear that silver firming lower high……… lower low
Is coming next week
Not only that , previously showed my followers in the hourly firming triple top pattern that will take us to 19.2
Now my target is 18.2 in next week
That can also depend on the daily update
Keep on touch
GOOD LUCK
Silver update Why i dont give so much trade on silver
Its clear that silver will play in a range of 19-19.6
Maximum 20$
But looking at daily chart it forming a head and shoulders which means we can go down more
Furthermore , FED is still damaging the market by raising rates .
Iam only trade on selling side i think now its in selling point area
GOOD LUCK
Silver view Silver will go down sooner or later (Fact)
First , dollar still not finished it run .
Second , false candle in monthly , weekly ,daily (mentioned above )
Third , raising rate and rightening .
Forth , chart pattern shows we must retrace the same percentage of consolidation
Any ways if we dont cross 21 $ dollars we will come back easily to 18 $
Thats my over all view
GOOG LUCK
Don't Trip on the Silver Dip!Silver (XAG/USD) maintains the top. Therefore I expect the precious metal to plunge towards a decisive break below the September 16 low of 18.76, which would indicate that this month’s rebound was a dead-cat bounce, raising the prospect of a retest of the September 1 low of 17.53. Furthermore, a decisive break below 17.53 would be a sign that silver had resumed its medium-term downtrend.
SILVER POSSIBLE BULLISH MOVE Hello traders , today i share my silver analysis with you .
i think that silver may be bullish very soon and here is why :
- We Have Weekly Candle Closed As A Hammer on a key support level
- Bullish Rsi Divergence (Lower lows on price higher lows on Rsi )
- We Have an Inversed Head and shoulders in the making
But We have a Trendline that must be broken for this analysis to be Valid.