- Silver has been suffering for a while, correcting in it's Price Action.
Uptrending from August 2022, it has done printing
a Bullish EMA's Crossovers of Mini(20&50EMA) and Major 50&200 EMA;
post trendline resistance break-out
and re-testing it as successful support before aiming higher
Currently it has found a small support base stuck between 20 & 50 EMA on the
Weekly, while worth noting is that it has lost the Golden Zone of
Trend Fibbonnaci Retracement taken from the Lows of August 2022 .
Lower supports on *W is 200EMA and just below it a big Order Block found in
8Hrs (tf).
A negative downtrend would be established by losing grip of that 200EMA and
8hrs OB,
as well the loss of 0 fibb retracement at 19.85$ as a Change of Character
Important Candlestick being printed this Week (2 days; 4hr to close)
TRADE SAFE !
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before participating on any kind of trading acitivity based alone in this
idea.
Uptrending from August 2022, it has done printing
a Bullish EMA's Crossovers of Mini(20&50EMA) and Major 50&200 EMA;
post trendline resistance break-out
and re-testing it as successful support before aiming higher
Currently it has found a small support base stuck between 20 & 50 EMA on the
Weekly, while worth noting is that it has lost the Golden Zone of
Trend Fibbonnaci Retracement taken from the Lows of August 2022 .
Lower supports on *W is 200EMA and just below it a big Order Block found in
8Hrs (tf).
A negative downtrend would be established by losing grip of that 200EMA and
8hrs OB,
as well the loss of 0 fibb retracement at 19.85$ as a Change of Character
Important Candlestick being printed this Week (2 days; 4hr to close)
TRADE SAFE !
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before participating on any kind of trading acitivity based alone in this
idea.
Note
Weekly Close above 0.5 Trend Fibb' Retracement on Silver
Note
XXAG/USD (Weekly Uptrend Outlook update)
Uptrend still intact for Silver
Last LH must hold as support in order not to get a BoS
Note
XXAG/USD (updated)Below Targets of Supports
Losing grip of Trend Based Fibbonacci Retracement
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.