Pair : XAGUSD ( Silver / U.S Dollar ) Description : Rising Wedge in Long Time Frame and Rejecting from the Upper Trend Line with Strong Bearish Price Action as Impulse Making Correction in the Form Bullish Channel and Rejecting from the Upper Trend Line Fibonacci Level - 78.60% S- R Level Resistance Level Divergence Completed " ABC " Corrective Wave
Formed Rising Wedge In H4 Timeframe Rsi Printed Massive Bearish Divergence Too Incase Of Breakout Expecting Bearish Impulse
Forming rising Wedge in H4 Timeframe Rsi also printing Bearish divergence Incase Of Downside Breakout expecting Bearish Impulse
$XAG Silver - Short term...Where to next? Beautifully within the ranges a break to either direction. Trade Journal
Looking at the H4 chart, my overall bias for XAGUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. With price tapping into my buy entry at 22.56150, where the 38.2% Fibonacci line is. Stop loss will be placed at 22.35795, where the 23.6% Fibonacci line is. Take profit will be at 22.91150, where the 23.6% and 61.8%...
Silver, which often follows the direction in gold, rallied sharply into December, with the benchmark futures contract on Comex hitting a seven-month high of $22.94 while spot silver hit a similar milestone with $22.74. Silver is up 5% month-to-date after rising almost 14% in November. -- Investing.com
Midterm forecast: 20.621 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 20.621 is broken. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 20.860 on 11/28/2022, so more gains to...
$XAG Silver - Opportunity! Cup & Handle pattern - Great opportunity to take on... Break below 21 areas this pattern will no longer be valid. P.S Don't forget to trade your OWN trade plan. TJ
Midterm forecast: While the price is above the support 17.520, resumption of uptrend is expected. We make sure when the resistance at 22.417 breaks. If the support at 17.520 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is...
Silver on the 4-hour timeframe is still facing a very difficult resistance, as it did not close above 22 until it tested this resistance three times and it did not succeed, so we expect silver to fall from these prices towards 20.42 areas, and then to 19.74 areas. . . . The four golden rules of trading 1 Don't be greedy 2 Always use stop loss 3 Never add other...
Midterm forecast: While the price is above the support 17.520, beginning of uptrend is expected. We make sure when the resistance at 21.200 breaks. If the support at 17.520 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is...
Midterm forecast: While the price is above the support 17.520, beginning of uptrend is expected. We make sure when the resistance at 21.200 breaks. If the support at 17.520 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is...
Silver shows strong bullish trend against USD. However, with the recent higher high hit, one can short sell between two strong support and resistance points as the price corrects itself
Silver (XAG/USD) has been trading in a downward sloping channel since August 2020. On July 5th, 2022, the precious metal broke below the bottom trendline of the channel. Silver attempted to rebound a few times back into the channel, however it could only make it as far as the 38.2% Fibonacci retracement level from the March 8th highs to the September 1st lows,...
Hi, Will the strongest support of the year be tested again? MA 200 is without a doubt the biggest silver challenge this year but now we will have a demand for the green trend line This is just an idea. Take care.
Hellooooo traders...another one!! Silver has taken out equal lows (Liquidity) and seems ready for a move up. Gold is also showing a sign of an up move. My TP is set at the order block $25.643. Trade with care...BLESSED WEEK AHEAD.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (22.64). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAGUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...