Silver is bullish in the 15m time frameSilver goes to 23.97 in the 15 minute time frame.
We can see confirmation of the upward trend in 1-hour and 4-hour periods
Xagusdanalysis
SILVER → XAG/USD rally as buyers reclaim the 200-DMAOANDA:XAGUSD price climbs on Wednesday, following last Tuesday’s soft US inflation report, which sent US Treasury bond yields plummeting on expectations the US Federal Reserve is done hiking rates. Hence, the XAG/USD advances sharply, reaching key resistance levels like the 200-day moving average (DMA) at $23.26. If Silver bulls hold price above the latter, the uptrend would likely continue toward year’s end, as buyers target $24.00. The XAG/USD is trading at $23.40, up 1.47%.
From a daily standpoint, the grey metal is neutrally biased, though about to shift neutral-upwards if buyers reclaim the latest cycle high seen at $23.69, October 20 daily high. Upside risks remain above that level, with a seven-month-old resistance trendline at $23.80-90, before challenging $24.00 a troy ounce.
On the other hand, if XAG/USD couldn’t remain above the 200-DMA, that could exacerbate a pullback toward the 20-DMA at $22.89, before sliding to the 50-DMA at $22.64 before challenging the November 13 swing low of $21.88.
Silver’s rebound space is limited
After the short-term trend of silver fell and tested the low near 21.86, it gained support and quickly rebounded upward. The price of silver broke through the downward trend line pressure, but from the perspective of the moving average system, the objective trend has not entered an upward trend. The further rebound space of silver price is limited. It is expected that the rebound of silver price will continue to rebound around 22.60 during the day and will be blocked again.
Short at 22.60, stop loss at 22.80, target at 22.20.
XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed Right Shoulder of the Corrective Pattern " H&S " in Short Time Frame and Started Rejecting from the Daily Demand Zone after it Completed " 12345 " Impulsive Waves and " abc " Corrective Waves. Bearish Channel in Short Time Frame
Entry Precautions :
Wait for the Proper Trend Reversal Price Action
SILVER - Bearish Scenario 📉HI Traders !
On Friday 20 Oct, The Silver Price Reached a Resistance Level (23.77640 - 23.55650).
-The XAGUSD Failed To Create a New Higher High.
-The Price Formed a Triple TOP Pattern.
Currently, We have a Bearish Scenario:
If The Market Breaks The Neckline and Closes Below That,
We Will See a Huge Bearish Move 📉
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TARGET: 21.10000🎯
XAGUSD SilverPair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed Impulse and Corrective Wave " wxyx ". Symmetrical Triangle as an Corrective Pattern in Short Time Frame. Head and Shoulder Pattern in Long Time Frame, It will complete its Right Shoulder at Daily Demand Zone
Entry Precautions :
Wait until it Breaks UTL / LTL
SILVER BUYING ON DIPSHELLO TRADERS!!
As i can see this chart of silver its is show a strong support zone and on long term chart it have to test the above weekly trend line which is my last TP i am going for a buy setup from the buying zone area with a very low risk and looking for higher rewards... this just an a trade idea kindly share Ur thoughts on silver chart and stay tuned with us for new updates
XAGUSDIs XAGUSD exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum and bearish divergence near the long time resistance suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 21.5 followed by 20.5
What you guys think of it?
XAGUSD 23/10 MovePair : XAGUSD ( Silver / U.S Dollar )
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and it is Rejecting from the Upper Trend Line and S / R Level. If it Rejects from the Lower Trend Line then it will Reject from the Daily Descending Trend Line. Break of Structure / RSI - Divergence
Entry Precaution :
Wait for the Breakout and Retest of the Lower Trend Line or S / R Level
Can SILVER break 31?Highest point Silver reached is 49.75 and next high is 31.10 which means making lower highs since 2011. But now Silver making very bullish pattern if we pay attention to it. Making higher low's, retest the 20.8 area twice and channel pattern. If SILVER able to break channel pattern we might able to see 26.5 - 27.5 area which means SILVER couldn't break that area since JULY 2021 and possible to go even HIGHER.
XAGUSD - H4XAGUSD
Locally, sales can be considered by levels (22.66). The price may begin the 5th wave of the trend on W1. The price corrected to the trend level without fixing to it, from which a local reversal and further decline can be expected.
Weight loss targets - 19.88
What can you expect?
You can try to consider the entry level of 22.66 or according to the market. If the idea fails, it would be possible to make a full move on W1 at significant risk to the idea. Cancellation of ideas from level 22.88.
Targets 21.75 – 21.13 – 20.25 – 19.88
XAGUSD I Short from resistance Hello,Traders!
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XAGUSD is trading in a downtrend
on the daily, however after the recent bullish impulse
and bullish engulfing candle on the weekly, we believe a
correction to 22.28 is in process and then, more
potential upside is probable. Short!
Trade safe and good luck!
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Check out other forecasts below too!
A bearish retest of #silver ? #gumus #xagtryg#silver is now on retest of broken trendline in rising channel. In this retest, if price declines, i expect more dump. NOT FINANCIAL ADVICE.
#gumus su an kirmis oldugu trend kanalina tekrar girmek icin retest yapıyor, bearish retest dedigimiz bu fiyat ataginda onumuzdeki hafta basi itibariyle sert deklinasyonlar gelirse bu #xag gumus fiyati trendinde bir sure ayi piyasasi olusturabilecektir. Sadece teknik ongorudur , her zaman kendi kararlarinizi kendiniz verecek durumda olunuz. YATIRIM TAVSiYESi DEGiLDiR.
Silver 13/10 MovePair : XAGUSD ( Silver / U.S Dollar )
Description :
Falling Wedge in Long Time Frame and Rising Wedge in Short Time Frame and Rejection from the Lower Trend Line. It can Rejects from Demand Zone or Upper Trend Line at Fibonacci Level - 61.80%
Entry Precaution :
Wait until it Rejects from any Level with Strong Reversal Price Action
SILVER - BEARISH SCENARIO 📉Today, The Silver Price Reached a Strong Resistance Level (22.51100 - 22.11245) and 50% Fibonacci Retracement Level.
So We Have a Bearish Scenario:
If The market Breaks The Higher Low (21.72533 - 21.57400) and Closes Below That,
I will Sell on Retest...
TARGET: 20.10000🎯
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If you agree with this IDEA, please leave a LIKE, SUBSCRIBE, or COMMENT!
Silver- Will it drop another 1k pips?Since last Friday's high and strong reversal from 23.50, Solver has dropped 1500 pips.
Like in Gold's case, bulls were unable to recover some of the losses and XagUsd is consolidating in the support zone at 21.
Here we could also have a new leg down after the consolidation and the obvious target for this drop (swing trading) is the next support at 20, so, 1k pips under the current level.
I'm bearish as long as the price stays under 21.50 in terms of daily closing.
#silver #XAG Long Term StrategySilver has broke the trend line in the megaphone channel and will there will likely be a bearish retest. If price decline comes after retest, the silver price will probably go to find the megaphone channel dip. Mid / short time , this will be a bearish movement.
But in long term , after breaking this megaphone channel, silver will meet new ATHs in Q3 2024.
NOT FINANCIAL ADVICE. Do your own research and always decide with your knowledge not mine or anyone else.
XAGUSD 05/10 MovePair : XAGUSD ( Silver / U.S Dollar )
Description :
Impulse Correction ( ABC Corrective Waves / Consolidation Phase ) Impulse Completed. It is Following Consolidation Phase in Short Time Frame if it Breaks the Upper Trend Line then Buy and If it Breaks Lower Trend Line and Retest then Sell
Silver- Bear trend is the name, sell rallies is the gameIn my Saturday video analysis, I said that Siver could drop and test the 21 zone.
XagUsd dropped hard and even exceeded my target. After the low under 21, Silver started to consolidate and recovered some losses.
The recent price action is carving a small double bottom on our chart that could lead to further gains.
However, considering the strong down pressure, I do not recommend buying into correction but selling rallies above the double bottom's neckline
A good place for searching entry signals is the zone between 21.50 and 21.80
The target could be set in the recent low zone at 20.80
Silver/XAUUSD ~ 2H Intraday Chart (Oct 2023)TVC:SILVER chart mapping/analysis for intraday & short-term swing trade strategies.
Silver/XAUUSD ~ Daily Swing Chart (Oct 2023)TVC:SILVER chart mapping/analysis for med-long term swing trade strategies.
