XAG
SILVER Breakout Short! Sell!
Hello,Traders!
SILVER finally broke a massive key level
And while the final conclusion will need to be made
Based upon the weekly candle close
Still, this is a powerful signal for us
And there is a high chance
That after the pullback and retest
Of the broken level we will see a move down
Towards the target below
Sell!
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💡Don't miss the great buy opportunity in XAGUSD (SILVER)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 resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 23.20
TP2= @ 23.56
TP3= @ 23.91
TP4= @ 24.52
TP5= @ 25.03
SL= Break below S2
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💡Don't miss the great buy opportunity in XAGUSD (SILVER)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 resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 23.20
TP2= @ 23.56
TP3= @ 23.91
TP4= @ 24.52
TP5= @ 25.03
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
SILVER Support Ahead! Buy!
Hello,Traders!
SILVER has been falling for some time now
But the key horizontal support level is ahead
So I think that after the pair retests the support
A bullish rebound and a move up will follow
Buy!
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Gold - XAUUSD is about to push above 2 000 USDTechnical and fundamental factors continue to push gold higher. At the moment, it trades around 1 995 USD/oz., just slightly below 2 000 USD price tag. We maintain a bullish stance on gold and we expect it to break above 2 000 USD and continue higher. Our medium-term price target of 2100 USD stays in place. Our long-term price target of 2300 USD also remains active.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are all bullish. DM+ and DM- show bullish conditions in the market with ADX rising. Overall, the daily time frame is very bullish for gold.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are all bullish. The same applies to DM+ and DM-. Meanwhile, ADX shows that the bullish trend of a higher degree continues to strengthen. Overall, the weekly time frame is very bullish for XAUUSD.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.