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SILVER - Approaching Buying TerritorySilver Price Analysis (XAG/USD) consolidates biggest daily loss in a month below $26.00 Following that, June’s low near $25.50, also the lowest since mid-April, will be the key as a downside break of which won’t hesitate to challenge the April 13 low near $24.65. Meanwhile, further recovery of silver prices depends upon the breakout of the 200-DMA level of $25.86, which in turn could push the quote to a 50% Fibonacci retracement level of $26.25. However, the commodity’s advances past $26.25 will be tested by a downward sloping trend line from July 06, near $26.35, as well as the monthly high near $26.75. To sum, silver remains on the bear’s radar despite the latest bounce BUT it is approaching major support levels and it's on our radar to start Buying again this week. the FXPROFESSOR
OANDA:XAGUSDLong
by FX_Professor
5
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support of 23.75, a resumption of an uptrend is expected. We make sure when the resistance at 28.75 breaks. If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The symmetrical triangle is taking shape, and as a continuation pattern suggests, we will soon see another leg higher if the price breaks and closes above the downtrend line of the triangle. A trough is formed in the daily chart at 25.50 on 06/29/2021, so more gains to resistance(s) 26.60, 28.30, and maximum to Major Resistance (28.75) is expected. Price is below WEMA21; if the price rises more, this line can act as dynamic resistance against more gains. The relative strength index ( RSI ) is 47. 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 / 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 ❤️
FOREXCOM:XAGUSDLong
by ForecastCity_World
15
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support of 23.75, a resumption of an uptrend is expected. We make sure when the resistance at 28.75 breaks. If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The symmetrical triangle is taking shape, as a continuation pattern suggests, we will soon see another leg higher if the price breaks and closes above the downtrend line of the triangle. A trough is formed in the daily chart at 25.50 on 06/29/2021, so more gains to resistance(s) 26.60, 28.30, and maximum to Major Resistance (28.75) is expected. Price is below WEMA21; if the price rises more, this line can act as dynamic resistance against more gains. The relative strength index (RSI) is 47. 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 / 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 ❤️
FOREXCOM:XAGUSDLong
by ForecastCity
6
XAGUSD growing from the support, time to buyHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. XAGUSD touched on the support zone i think there will be a buy chance Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guys
FX:XAGUSD
by Bexi03
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm 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: While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 28.55 on 06/ 01 /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 55. 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 / 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 ❤️
FOREXCOM:XAGUSDLong
by ForecastCity_World
27
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm 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: While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 28.55 on 06/01/2021, 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 55. 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 / 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 ❤️
FOREXCOM:XAGUSDLong
by ForecastCity
8
XAGUSD growing from the support, time to buyHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. After today fall silver trying to grow up, Let's watch together Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guys
OANDA:XAGUSDLong
by Bexi03
2
XAGUSD growing from the support time to buyHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. XAGUSD growing from the support zone, I think there will be a chance for buy. Let's watch together Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guys
OANDA:XAGUSDLong
by Bexi03
💡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 ❤️ 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 ❤️
FOREXCOM:XAGUSDLong
by ForecastCity_World
22