XAGUSD I Resistance ahead - short!Welcome back! Let me know your thoughts in the comments!
** XAGUSD Analysis - Listen to video!
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Completion of 5th Elliott's Wave on Silver Daily Timeframe 21.50 which has been quite a solid support in the last two years has been breached (Wave 3) and an ascending wedge/bear flag has been broken (Wave 4).
Once price is traded below this Month Open (which is below 21.50), there is a high probability that it'll test 19.00-19.50 area.
Analysis of the silver priceOn the other hand, technical indicators on the daily chart have not yet confirmed a positive outlook. Therefore, the $23.00 confluence region might continue to act as a barrier for any subsequent move up. Immediately following this is the ascending trend-channel resistance, which currently stands around $23.45 in price. As long as the XAG/USD maintains a strong upward trend beyond the 61.8% Fibo, a positive breakout will be confirmed. It is possible to regain $24.00 by reclaiming the $23.60 region.
As long as the XAG/USD keeps climbing above the intermediate barrier of $24.20-$24.25, toward the $24.55 swing high of June, the positive momentum could continue.
The downside is likely to attract some buying and remain limited near the $22.65-$22.70 area, or the 23.6% Fibo, if price weakness lower than $23.00 is confirmed. In addition, we need to consider "level." If this is broken, the XAG/USD could slide back toward the $ 22 mark. Falling prices will likely reach the $21.70-$21.65 zone en route to the $21.25 support and $21.00 mark if some follow-through selling occurs.
Silver Short Term Sell IdeaH4 - Bearish trend pattern followed by a double wave correction.
Price respected a strong resistance zone and bounced lower.
Price has currently broken below the most recent uptrend line.
H1 - Bearish trend pattern.
No opposite evidences.
Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
XAGUSD are you rdy for best short 😁Silver Woe to those who do not see the downward trend of silver.
The trend of silver is downward, on the other hand, silver's older sister, gold, is not in a good position, and gold's younger sister, which is silver, should be led down with it.
The trend of silver is currently in a bearish base, so we have the next bearish wave ahead of us.
The trend of silver is for 20.02677 and then it is 18.93789 dollars, so if you want to open a trade, don't forget the trend of shorting and selling silver.
XAGUSD - Growth is possible | Market outlookMain scenario
Long positions will become relevant above the level of 24.48 with the targets at 27.00–28.80.
Implementation period: 7 days and more.
Alternative scenario Alternative scenario
The breakdown and the consolidation of the price below the level of 24.48 will let the asset go down to the area of 22.77–21.36.
SILVER - XAG - Why I m BEARISH - FULL SETUPSilver is one step away from reaching resistance on the MONTHLY, it has increased a lot, a lot, but it will soon reach the area where many will close their profits.
There are many institutions that take profit in this area, so this area will become more and more difficult to hold and thus it will weaken a lot, in addition, RSI is super overbought and this shows that interest will soon decrease if the price does not have a serious correction.
I saw the first step on Friday when it rejected the support on the Weekly chart and fell quite nicely, but I have a SELL order above which is safer and could produce a nice profit.
Silver m15 short m3 entry Intraday ideaPrice made impulse move at beginning of NFP on Friday
It gave us 3 drives up, and then broke down into an impulse,
leaving a FVG on the m3 + relatively equal lows @ 20.370
The FVG coincides with the 2nd drive up, or previous high from the highest high
I am looking for price to fill the FVG and then take the sell side liquidity
possibly during asian session tonight, or during London/NY 3/13
XAGUSD H1 ZONE MARKING.We have XAGUSD H1 Analysis for Zone Marking.
According to this analysis, we can see the price still running under 200MA & price also tests trendline with selling pressure is a sign of a Selling trend for more confirmation of we market demand & supply zone which is mentioned in the downside
Demand zone3@ 21.356 to 21.426
supply zone1 @ 21.989 to 21.871
supply zone2 @ 22.548 to 22.630
Supply zone3 @ 23.612 to 23.396
Supply zone4 @24.654 to 24.366
With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers
XAGUSD H1 DEMAND & SUPPLY MARKING We have XAGUSD H1 Analysis for Zone Marking.
According to this analysis, we can see 200MA cross over the 50EMA is a sign of a Selling trend for more confirmation of we market demand & supply zone which is mentioned in the downside
Demand zone1@ 21.226 to 21.161
Demand zone2@ 21.356 to 21.251
Demand zone3@ 21.526 to 21.426
supply zone1 @ 21.989 to 21.871
supply zone2 @ 22.548 to 22.630
Silver -> The Bounce Is InevitableHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
The last three weeks Silver perfectly tested a quite obvious previous weekly support zone, which was now turned resistance and with this weeks candle the market finally rejected the zone towards the downside.
Considering the fact that we are now testing an insanely strong weekly support zone, I do at least expect a short term short covering rally towards the upside, after Fridays harsh dump towards the downside.
From a daily perspective we are also close to retesting previous support, so I am now just waiting for a deeper retest of the support zone, before I will then enter a long position on Silver.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
#XAGUSD
In the previous analysis, we considered 3 ranges as a target in dealing with resistance, and we obtained 2 ranges, and by reaching the range of 23.44106, it created support, and by touching this range again, forming a double bottom and creating a positive divergence of the resistance range. broke to climb.
Now, by checking the side range, we see the completion of the ABCD pattern in the range of 24.27206 and we have a negative reaction in reaction with it and the ceiling (resistance).
The upcoming scenario is just a correction from an upward trend up to the range of 23.92651 at the intersection with the pivot and the 38.2 percent Fibo correction. After performing this movement, the next wave can be predicted according to the time and type of movement.
XAGUSD WEEKLY TRADE IDEAHi trader
Silver ends with a low of 17.55 after breaking consolidation at 21.66. There was a lot of liquidity between buyers and sellers between 24.6 and 24.30, and the price is currently close to the 0.764 fibo retracement.
so, I intend to sell, with 21.66 as my first target. ratio 1 : 2
Share your thoughts
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#XAGUSD next downtrend (Daily chart)In the daily chart it looks to me like we could start looking for short positions in silver as it broke the HL and didn't come back to any resistance level we can go looking for a position once there is a retracement again and hope it hits its support
Not a signal
DYOR