Silver keeps rallying like crazy. The price was rapidly growing the entire last week. It managed to violate a significant horizontal daily resistance and close above that on Friday. With a high probability, the market will keep growing and reach 31.4 level soon. ❤️Please, support my work with like, thank you!❤️
Hello Traders as I can see Silver Breaks Above $30.19 as Fed Rate Cuts Loom, Eyes $31.76 and $32.52 as Bullish Targets for the Week Ahead. Dollar Weakness and Gold Inflows Propel Silver Higher; Traders Await Fed's Upcoming Interest Rate Decision. Fed Rate Cut Expectations Soar: Markets See 57% Chance of 25-Basis-Point Cut, 43% Chance of a Bigger 50-Basis-Point...
Silver will continue next week after a confirmed breakout of a key daily horizontal resistance and a candle close above that. The price is now heading towards 31.24 resistance. ❤️Please, support my work with like, thank you!❤️
Silver (XAGUSD) has been trading within a 2-year Channel Up pattern and since its last Higher High (top) on the week of May 20 2024, it has been declining on the new Bearish Leg. The price already broke below the 1D MA100 (red trend-line) and so far seems to be replicating the Bearish Leg (Channel Down) of May - September 2023. With the 1D RSI sequences between...
I see a nice buying opportunity on Silver. The test of a key intraday/daily structure support triggered a strong bullish reaction. A double bottom was formed, and we see a bullish movement above the neckline this morning. I think that the price will keep growing at least to 28.61 ❤️Please, support my work with like, thank you!❤️
I see a confirmed structure breakout on Silver. The price broke and closed above a key daily resistance. We see its retest at the moment. Presumably, the broken structure turned into support now. The market may continue growth at least to 30.3 resistance. ❤️Please, support my work with like, thank you!❤️
Silver (XAGUSD) remains within the 2-year Channel Up pattern we mentioned on our Aptil 17 analysis (see chart below) that hit our 32.000 Target: The price is on a 3-week correction, which is technically natural within this pattern. The symmetry with the previous Bearish Leg of the Channel Up suggests that since the price has hit the 0.382 Fibonacci level from...
Silver may start growing next week after the market opening. I see a nice bullish engulfing candle on a 4H time frame after a test of a strong intraday horizontal structure support. I think that the price will reach at least 31.2 level. ❤️Please, support my work with like, thank you!❤️
I understand the title may seem bombastic and possibly clickbaity, but in my view, there's a solid case for OANDA:XAGUSD potentially rising by $10 in 2024. Here's why: Observing the chart, unlike OANDA:XAUUSD , Silver has been trading within a range for precisely a year now, failing to establish new highs. However, on a positive note, since the pandemic low,...
XAGUSD HELLO TRADERS Tendency under bullish pressure after the price create a bullish flag pattern TURNING LEVEL : a blue line between resistance and support level around 30.05, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level RESISTANCE LEVEL : there is a green line...
Silver may bounce from a solid intraday structure support. The price formed a cup & handle pattern after its test. Its neckline breakout is a strong bullish signal. The price may reach 1.313 level soon. ❤️Please, support my work with like, thank you!❤️
I see a confirmed structure breakout on Silver. The price broke and closed below a key daily support cluster. Retesting the broken structure, we see a positive bearish reaction to that. I think that the fall will continue. Next support - 29.1 ❤️Please, support my work with like, thank you!❤️
Silver (XAGUSD) couldn't have gone better on our last signal we gave (April 17, see chart below) as it did give us the pull-back inside Resistance Zone 1 that we wanted in order to buy and immediately rallied to the top of the Channel Up to hit our 32.00 Target: Since the break-out, the metal entered a more aggressive Diverging Channel Up (blue), which after...
Silver formed 2 bullish patterns on an hourly time frame after a correctional movement. I see a tiny double bottom formation and a falling wedge pattern. Neckline / trend line of both patterns were broken. We might see a bullish movement today. At least to 30.9 ❤️Please, support my work with like, thank you!❤️
Silver went up rapidly on Friday, violating a massive psychological resistance cluster. With a high probability, the broken structure turned into support. The market has a nice potential to go higher after a pullback. Next resistance - 34.0 ❤️Please, support my work with like, thank you!❤️
Silver is testing a key daily horizontal support at the moment. I see a strong bullish reaction to that on an hourly time frame: I see a confirmed breakout of a resistance line of a falling wedge pattern and a double bottom formation. I expect a pullback at least to 26.64 ❤️Please, support my work with like, thank you!❤️
HELLO TRADERS As I can see Silver is testing now a strong support level which is a great entry zone for buying here. Silver is still not moved as like gold and other commodities has done, we expected this pair will move till design levels and this is a best zone with a very low risk and higher rewards let's see what markets bring to us. Charts always...
Daily/4h time frames analysis for Silver. Price action & key levels. Directional bias & thoughts. ❤️Please, support my work with like, thank you!❤️