💡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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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 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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Showing gold the ropesGold - Check out the last posts for areas of buys and sells.
The last call "related ideas" was about the level being interesting on a shorter timeframe. We can expect a little push up here, but it won't last long. There's another push on DXY strength.
Bullish as a whole - but not overly bullish in the short term.
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.
To Infinity And Beyond Buzz Lightyear is in control of this rocket ship.
For me a key level of interest and a sign that price finally broke out of the downtrend came in my yellow box, as we can see price came back up to test the trendline for the 4th time, it broke on this 4th touch and then came back down to test this same trendline as support before bouncing in a bullish fashion and hitting my 1st target 26.0 which i could see been used as slight resistance.
On Friday price did use this as resistance, tried to push through but bulls were not strong enough causing the bears to push price back down below this level, Today we have pushed back above this level and i can see price staying above it and pushing even higher. 26.5 will be my next level and then 28.0
If you have any questions then please just ask, i will be happy to have a chat and see how i can help you.
Peace out.
SILVER looking up 🦐SILVER after the break of the descending channel, bounce over the weekly ascending trendline and created an impulse until the 26 level.
The price is now testing the resistance area and according to Plancton's strategy if the price will break above we can set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together
SILVER (XAG/USD) – Week 14 – Don’t miss this move!As we mentioned in our previous analysis, the Silver price dropped in our target zone and it looks like it is heading towards the orange trendline.
For this week, if the price reaches and then breaks the trendline a bullish move is strongly on the cards. Keep in mind that the weekly trend is extremely bullish and this bearish move that we witnessed is only a correction. We will only focus on the buy setups, as this will turn out to be a great investment opportunity.
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.
Gold bearsNot quite the time yet for gold to shine.
The past couple of months are proving that gold will not follow equities and cryptos, but rather follow the dollar (weird)
This is the main argument for the milkshake theory though, it will be interesting to see how it plays out.
Share thoughts in the comments.
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SILVER: FIBO RETEST IN BEARISH CHANNE - WAITING SHORT TRADE 🔔 Welcome back Traders, Investors, and Community!
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Strategy : RETEST ON BEARISH CHANNEL + FIBO RETRACEMENT
Good trading at everyone!
Silver cup and handle A cup and handle on silver . If you look at the handle, we can still go lower or we can rise up.
If you dont like to take the risk, then you can buy it now. If you do, you can wait for a lower price.
So the fact is that we can keep accumulating 1 or 2 more years. If you are longterm, there is no Problem. If you shortterm trading, it is difficult because we are in a downtrend now.
This is not an investment advice.