XAG - silver - hitting some key support points on the daily graph, with valid signs for a reversal on Stochastic too, RSI still not there yet but at least small reversal up until 200-day MAs is in order.
Analysis: Taking a look at the chart we can clearly see that price is in an upwards trend. We're forming higher highs and higher lows which helps confirm this as well as the upwards trendline that is present. Price today has pulled back to an area of interest to us as this level previously held as resistance. As we know resistance often becomes support when...
Silver will rise. Crossed resistance with strenght. Our next target is the next resistance. Use smaller time frame to find reasonable entry point and stop loss. Good luck.
Silver broke through its resistance at 24.39 on the 4h graph, signaling probable continuation of the bullish trend. Both MACD indicator and the RSI indicator are signaling bullish trend as well, with MACD histogram being above 0 and rising and RSI being above its neutral line. If the trend continues we might see the price reaching levels of 24.77 and 24.87 In...
XAGUSD is in the process of formatting a rising wedge pattern on the daily graph which might give a bullish momentum for the instrument in the next couple of days. The weakening of the dollar is also making investments in precious metals more desirable for the investors. RSI indicator is strongly confirming the outlook, being above the 50 neutral line, the...
Hello Traders!!! We are clearly in a bullish bias on silver and we have seen a clear demand zone playing out currently of which we have been waiting for, for quite some time after taking profits from the previous high.
Silver - Intraday - We look to Buy a break of 19.67 (stop at 19.57) A bullish reverse Head and Shoulders is forming. Previous resistance located at 19.65. A break of bespoke resistance at 19.50, and the move higher is already underway. There is scope for mild selling at the open but losses should be limited. Our profit targets will be 19.94 and 20.20...
External weekly parallel channel showed us a powerful uptrend at 21$ The market created a internal daily parallel channel and made a 3rd bounce. Expecting a ABCD pattern to 26$
XAGUSD has a falling trend and it is losing its power. For the 1d graph, it has lower highs and a "falling triangle". Also, shoulder-head-shoulder formation and double pick were seen in the short past. They indicate weakness. I'm more close to short but before taking a position, it must wait for a confirmation. Short opinion: If it will break the support...
Not having a bias on silver at the moment but, Considering the price rise of 162% in 140 Days from the lows in March was quite a large move for Silver, When looking at past prices it took 819 days to reach the $30 mark. But overall I think a pullback to the 61.8 fib level of $18 would be a healthy correction before we start moving up. That gives us time to buy...
wait for confirmation and go to the triangle retracement.
Hello traders & analysts, Here is out latest update for Silver . We are bullish and would like to share our out look for the next opportunities which can take place. Now we have hit 21.00 - expect some resistance to occur - why? This is due to the barrier to be broken through. We will now anticipate the next target of 26.00 at 20.5 we closed 200 units to cash in...
SILVER lONG TERM VIEW JUST TRADE WITH PROPER MONEY MANGEMENT
Short silver near 18.10/18.13 sl above 18.20 tp 17.74 Thanks
long silver near 17.77/17.65 sl below 17.55 for Tgt 18.80/90
XAGUSD broke the trendline, retested it and continuing for a rally its a long term hold Also it has retested the weekly 200ema so beautifully I have put the aggressive stoploss you can adjust it according to previous swing low according to you