Today's silver price high is at the $21.40 level. We can say that we see the formation of a new lower high, and if we fail to move above the $21.40 level, we could see a bigger pullback in the price of silver. For a bearish option, we need a negative consolidation and a price drop to the $21.00 level. Increased pressure at that level could lead to a breakout...
On Friday, the price of silver tried to start a new bullish trend, but it only managed to reach the $21.30 level. After that, we see a new bearish consolidation forming a new lower low at the $20.60 level. Now we are trying to hold on there to stop further decline in the price of silver. For a bearish option, we need passive consolidation and a breakout below...
The price of gold continues its retreat that began last week. The price of gold rose above the $1,780 level last week, then managed to pull back from that level to the $1,750 level. Pullback continued, and the price fell to $1,735 this morning. We are now consolidating around the $1740 level, and we could expect a new bearish impulse that would continue to lower...
Silver chart analysis The price of silver formed a new higher high at the $22.20 level. Today, the price broke above the $22.00 level, but the price did not stay there for long, and a pullback to the $21.90 level followed. We are back below $22.00, which could put some pressure on the price. We need a negative consolidation and a drop below the $21.80 level for...
During the Asian trading session, the gas price continued its retreat from yesterday's high to the $6.15 level. The current price consolidation is around $5.80. Bearish pressure is still noticeable, which could further affect the price of gas. The next target supports the $5.60 level. Additional price support at that point is in the lower trend line. A break below...
The pair EURUSD fell sharply below the 1.00000 level this morning. During the Asian session, the euro managed to maintain itself in the 1.00000-1.00500 zone. Then we see a strong bearish impulse that takes the pair below 1.00000 and continues to the 0.99500 level. The euro is also making a break below there, and if the strengthening of the dollar continues, the...
The price of natural gas continues its bullish consolidation. The price formed a new higher low last night, and during the Asian trading session, we saw a new bullish impulse that moved us to the $5.80 level. Natural gas has tested this resistance level for a week, and now we could expect a break above. To continue the bullish option, we need positive...
Pair EURUSD yesterday tested support at the 0.98500 level. The euro finds support there and begins to recover. During the Asian trading session, the euro rose to the 0.99000 level, and we are now hovering around that level. We need a break above and a continuation to the 0.99500 level of the previous high. Then the euro would have to try to maintain itself up...
The natural gas price growth stopped yesterday at the $5.80 level. During the Asian trading session, the price retreated to the $5.60 level. For now, the price manages to stay at that level, while based on today's picture, we could expect a further pullback to better support. In that case, we need a continuation of the negative consolidation. Potential lower...
The price of Ethereum is retreating today from yesterday's high of $1595. Today's low price of Ethereum is $1537 level. For a bearish option, we need a continuation of this negative consolidation and a further pullback to lower support levels. Very important support is at the $1500 level, and if a drop below occurs, the price could go deeper. Potential lower...
The price of silver additionally fell today from yesterday's $19.20 level to $18.80. A strong bearish impulse in the previous four hours could cause the price of silver to continue to weaken and revisit last week's $18.00-$18.20 support zone. For a bullish option, we need a positive consolidation and a return above the $19.00 level. After that, we could expect the...
The price of silver this morning formed a new higher high at $19.67; we did not stay there for long because the price retreated very quickly. Today's minimum was at the $19.05 level, after which we see an immediate minor recovery from the $19.20 level. For a bearish option, we need a negative consolidation and a drop below the $19.00 level. Then we need to stay...
The price of silver tested the $19.00 level of resistance yesterday, failed to climb above, and turned again on the bearish side. During the Asian trading session, the price first fell below $18.80 and soon below the $18.60 level. The bearish trend continued in the European trading session, and the price fell to $18.38. We could soon test support at $18.20 from...
During the Asian session, the euro consolidated at the 0.97000 level and started a bullish recovery. Compared to the beginning of the trading day, the euro advanced 0.50% against the US dollar. We need a stable euro to move us to the 0.98000 resistance level from Friday to continue the bullish option. After that, we should try to stay there and continue the euro's...
After the US inflation report, the price of silver fell sharply as the data showed that inflation was still strong. These results further strengthened the dollar, which caused goods denominated in dollars to fall. Potential lower support targets now are $18.40, $18.20 and $18.00 levels. For a bullish option, we need another positive consolidation and a return to...
During the Asian session, the price of silver continued to retreat. In the European trading session, the price of silver fell to $19.20, the support level at 61.8% Fibonacci. Silver, like gold, is taking advantage of the current dollar weakness and is moving toward the $19.40 level. For a bullish option, we need a continuation of this positive consolidation and a...
After forming last week's high at $21.23, the price of silver has been in a bearish trend since then. With the Fibonacci setup, we can measure pullbacks. The first was stopped at the 38.2% level, then we see a recovery to $20.80, but not the formation of a new higher high. The price of silver is making a new pullback which was stopped today at the 50.0% Fibonacci,...
Bitcoin price pulled back from its October high of $20,500 yesterday and is now trying to hold in the $20,000 zone ahead of the NFP report. Depending on the report, so will the price of Bitcoin. We need further negative consolidation and continued price pullback for a bearish option. Potential lower targets are $19,500 and $19,000 support levels. For a bullish...