Gold respect Gold has played exactly where it should have done. I expect the next move to run another quick false move up before dropping down, Ideally center of the Regression channel. Will be looking for key levels around there.
DXY strength due for a pullback. (Near term moves)
Would like to see the lower move not the higher...
Bit of fun
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
XAG
💡SILVER (XAGUSD) - Weekly Technical Analysis Update
Midterm forecast:
25.75 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 25.75 is broken.
Technical analysis:
A peak is formed in daily chart at 28.75 on 05 /18/2021, so more losses to support(s) 26.60 and minimum to Major Support (25.75) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 58.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
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💡SILVER (XAGUSD) - Weekly Technical Analysis Update
Midterm forecast:
25.75 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 25.75 is broken.
Technical analysis:
A peak is formed in daily chart at 28.75 on 05 /18/2021, so more losses to support(s) 26.60 and minimum to Major Support (25.75) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 58.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
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SILVER (XAG/USD) – Week 20 – Moving inside the channel.As we mentioned in our previous forecast, Silver continued to climb inside our bullish channel, bouncing back from the descending line.
For this week, we anticipate the price to make a new top before correcting deeper. If you are not in the buy, wait for this correction to finish, as it could be a good investing opportunity.
Don’t forget that we are in a strong weekly bullish trend and in the medium-term we expect the price to reach at least the $35 level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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XAUXAG - Gold/Silver Ratio! XAUXAG - Gold/Silver Ratio!
Question I get asked: Why do you look at the XAU/XAG?
Simple answer: Measuring the strength. Which metal has a greater R/R potential and that's been silver. Now personally I am much more bullish Silver since last yr march, given analysing the market of both gold and silver, which I stated this in my year ahead video outlook for 2021. (Message privately if you'd like access)
I favour Silver for buying opportunities due to adding confluence analysis the XAU/XAG ratio
I do this with currencies (E.g EURGBP), cryptocurrencies (E.g ETCBTC) and many other assets.
Key Tip: The trend is your friend, until it's broken.
Have a great day ahead.
Trade Journal
(For educational purposes, not investment advice)
💡SILVER (XAGUSD) - Weekly Technical Analysis Update
Midterm forecast:
25.75 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 25.75 is broken.
Technical analysis:
A trough is formed in daily chart at 23.75 on 03/31/2021, so more gains to resistance(s) 28.30, 29.85, 33.45 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 64.
Take Profits:
TP1 @ 25.75
TP2 @ 26.60
TP3 @ 28.30
TP4 @ 29.85
TP5 @ 33.45
TP6 @ 37.50
TP7 @ 44.20
TP8 @ 49.80
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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 (XAGUSD) - Weekly Technical Analysis Update
Midterm forecast:
25.75 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 25.75 is broken.
Technical analysis:
A trough is formed in daily chart at 23.75 on 03/31/2021, so more gains to resistance(s) 28.30, 29.85, 33.45 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 64.
Take Profits:
TP1 @ 25.75
TP2 @ 26.60
TP3 @ 28.30
TP4 @ 29.85
TP5 @ 33.45
TP6 @ 37.50
TP7 @ 44.20
TP8 @ 49.80
❤️ 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 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 - MASSIVE POTENTIALLet's not forget that whilst gold has exceeded even the most bullish gold investors' expectations climbing so far above its All time highs during the pandemic it got silly, Silver has got no where near.
with an ATH price of $49, a breach of $30 is very favourable for long term holds to retest though highs. However, if this structure is broken at potentially a key point of reversal, then silver wastes no time dropping
SILVER (XAG/USD) – Week 18 – Don’t miss this opportunity.In the past week, Silver continued to correct reaching the liquidity pool area.
For this week, we anticipate the price to resume its previous bullish move from the liquidity pool and break the resistance level that we highlighted on our chart.
Don’t forget that we are in a strong weekly bullish trend and in the medium-term we expect the price to reach at least the $35 level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
ABCDE Silver RocketOne of my favourite pattern formations
ABCDE symmetrical corrective triangle in a bull trend
targets based on Fibonacci extension
personally I am hoping to see the 25.390 fib support hold, or slightly higher based on one of my previous charts
Don't trade my charts, they're just drawings
Universal patterns are universal
Bullish Precious Metals!(XAGUSD) Silver
I am bullish precious metals. Gold has double bottom, silver at key trend-line down on daily - a bullish close above = further bullish movement to continue.
Technical view:
Support - 25.82500, 25.73400, 25.40565
Resistance - 26.60290, 26.71985, 27.26100, 27.93650
Pattern - Longer term - Inverse H&S Shorter term - Wedge
Here is where things get interesting:
Break above 26.71985 expect further bullish continuation
Break below 25.73405 200 EMA expect bears to gain control to perhaps product Head for Inverse H&S.
Key tip: An undeveloped traders treat the market like a lottery ticket but a mature trader treats it like a business.
Trade Journal
(Just a trade idea, not a recommendation)
S I L V E R - Trade Idea!!S I L V E R - Trade Idea.
Precious metals overall have a lot of catching up to do compare to other commodities such as: Lumber, Copper and many others the list is endless. We saw this a yr a go coming due to Bloomberg commodity index, inflationary aspects was going to rise further. We've had good returns overall in commodities area, but isn't it time we pay attention to where precious metals is heading.
We have been ranging for while, however there are still trading opportunity in the 'old skool' precious metals at a good risk/reward! Yes, aware that a lot of attention has gone towards cryptocurrencies this yr allowing further institutional investors with wide divide on the aspects on what to invest in. However, I still look at precious metals as % of my portfolio.
Technical Aspects
Pattern: Short Term - Pennant Longer term - Potential H&S Developing
Support: 25.625, 25.165, 24.970
Resistance: 26.660, 26.915, 27.305, 27.935
Key tip: Stick to your trade plan and develop consistency
Best wishes,
Mind Capital
(Just trade idea, not a recommendation)
4.11 XAU more likely to be bullish. Gold is still in the bullish expectations, and the rapid adjustment last Friday finally back to a reasonable range.
At the beginning of the week, a steady signal near 40 is needed. The 60-64/81-84 range is the expected key bull target zero. The intra-week consolidiation is expected to consider the adjustment of the 20-60 interval, and after the middle of the week, make a reverse bet on the left side.
The core risk of a strong decline to the 1700 may require the Treasury bond yields and the dollar to go out of the same highly rise. Therefore, the market outlook is more likely to be bullish.
Silver parallel channelprice is rising inside a parallel channel
the upper trend line already being tested three times while lower trend line being test only two times
resistance 26.75438 and 27.22462
support Fibonacci retracement and lower trend line of channel
wave c of abc corrective wave has made more than 100% projection
if upper trend line of channel breaks than we have 27.22462 resistance which 1.382 projection for wave c in relation to wave A
🏛SILVER BULLISH BIAS| LONG🚀
🏛SILVER is trading in a rising channel
And has formed a bullish flag pattern inside the channel
And unlike Gold, there is no falling resistance line here
Therefore, the movement up is restricted buy the horizontal levels only
Wait for the breakout of the flag
And buy on pullback
LONG↗️
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