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SILVER too looks BULLISH IN Coming Months!SILVER too will be BULLISH soon? Elliot Wave Long/Short-term analysis! 21st June 2022 Only for educational purposes. DISCLAIMER Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the customer based on information received or market analysis is expressly excluded. All the information made available here is generally provided to serve as an example only, without obligation, and without specific recommendations for action. It does not constitute and cannot replace investment advice. We, therefore, recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
OANDA:XAGUSDLong
by Manish_Adhikari
Weekly and daily technical analysis for the price of silverWhy was there such a sharp decline in the price of silver in the second half of April and into May? And where could it potentially move next? After taking out last year’s low just below $20.5 per ounce, silver has now slowly, but surely, retraced slightly higher. Now the price of XAGUSD is settled for the time being. Over the past few weeks, the price of silver has settled around $22.0 per ounce. Looking at the weekly chart we have two indicators; the Williams Alligator and a Money Flow Index (MFI). With the Money Flow Index, we see divergence take place with the most recent highs marked out with the blue trend line. While price has played out well with this sharp decline, the MFI is suggesting uncertainty. While there is still plenty of room for more downside, it may be reasonable to expect price the price to consolidate further with the Money Flow Index sitting exactly at the equilibrium. The Williams Alligator uses the intersection of the moving average lines to help identify a trend. In the graph below, we have recently seen the longer term lines cross over the shorter lines. This scenario suggests that the market is signaling a downturn, just as it did before the rapid decline in the price of silver at the beginning of April. From a daily time-frame perspective, $22.5 appears to be a bridge too far for XAG if it does counter the bearish indicators above and muster some upside. A more reasonable bullish target might the closer to the 13-day moving average, at $22.2 per ounce. On the other side of the coin, downside levels to watch include $21.9 and $21.5.
OANDA:XAGUSD
by BlackBull_Markets
Daily Futures Volatility Forecast 27 May 22 Gold, Silver, OilGOLD XAU USD 27 May 2022 For today, the current expected volatility is going to be below 1.5% with a chance of probability of 88% This is going to be translated in a movement of +- 27.6 from opening candle Taking into account the close candle price which was around 1850 we can consider our daily channel the next TOP 1878 BOT 1823 For today we have no big fundamental news which can affect the price of the asset. ----------------------------------------------------------------------------------------------------------------- SILVER XAG USD 27 May 2022 For today, the current expected volatility is going to be below 2.78% with a chance of probability of 88% This is going to be translated in a movement of +- 0.62 from opening candle Taking into account the close candle price which was around 21.98 we can consider our daily channel the next TOP 22.6 BOT 21.37 For today we have no big fundamental news which can affect the price of the asset. ------------------------------------------------------------------------------------------------------------------ US OIL 27 May 2022 For today, the current expected volatility is going to be below 4.6% with a chance of probability of 88% This is going to be translated in a movement of +- 5.25 from opening candle Taking into account the close candle price which was around 114 we can consider our daily channel the next TOP 119 BOT 109 For today we have no big fundamental news which can affect the price of the asset. ------------------------------------------------------------------------------------------------------------------
TVC:USOIL
by exlux
Weekly Volatility Forecast 23-29 May 2022 Gold & SilverGOLD 23-29 May 2022 We can based on the last month analysis, that the current volatility is around 3.66% This is translated into 68$ from the current point. So lets imagine that GOLD is going open Monday candle around 1845 With that in mind, with close to 86% probability of pointing correctly the top and bottom places we are going to have: TOP 1845 + 68 -> aprox 1913 BOT 1845 - 68 -> aprox 1777 If we want at the same time to narrow a bit this channel, we can go for close to 76% probability. In this case the volatility would be around 2.75% => 50$ TOP 1845 + 50 -> aprox 1895 BOT 1845 - 50 -> aprox 1795 -------------------------------------------------------------------------------------------------------------------- SILVER 23-29 May 2022 We can based on the last month analysis, that the current volatility is around 6.93% This is translated into 1.5$ from the current point. So lets imagine that SILVER is going open Monday candle around 21.7 With that in mind, with close to 86% probability of pointing correctly the top and bottom places we are going to have: TOP 21.7 + 1.5 -> aprox 23.2 BOT 21.7 - 1.5 -> aprox 20.2 If we want at the same time to narrow a bit this channel, we can go for close to 76% probability. In this case the volatility would be around 5.2% => 1.1$ TOP 21.7 + 1.1 -> aprox 22.8 BOT 21.7 - 1.1 -> aprox 20.6 --------------------------------------------------------------------------------------------------------------------
TVC:SILVER
by exlux
Expected Key Points Silver 17 May 2022SILVER 17 May 2022 The daily expected volatility is around 1.75% With an 80% accuracy based on the historical data, we can assume that the price of SILVER/XAGUSD today is going to be between TOP 21.95 BOT 21.2 All of this taken into account with the opening price of today which was 21.57 From VOLUME POC point of view its above 21.6 which imply a bullish momentum at this very moment. From Fundamental/News point of view that can affect SILVER price: In 10h from now, FED Chair Poweel speaks
TVC:SILVER
by exlux