Gold has successfully broken out of its consolidation phase with a strong bullish engulfing candle that engulfed the last 11 days of trading. Now, with this strong upward move, it is expected that the price may retrace slightly to gather some liquidity before continuing its ascent. As for me, I will be waiting for the price to test the trendline slightly below it...
SILVER has been going horizontal for quite a few days already but it seems like it found its solid new base already at 61.8 FIB levels. It touched that significant support area multiple times and it keeps being rejected to the upside. 24.5 to 25.0 is a major order block support at this point and it seems like a LONG shift in price will in be in play...
Hello,Traders! SILVER is trading in an Uptrend and the price Broke the falling and Horizontal resistance At 24.5$ and went further Up so I am bullish biased And I think that we will see A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅SILVER went down to retest The strong horizontal level of 24.5$ While trading in an uptrend And we saw a nice rebound from the level So I am bullish biased And I think the pair will go Further up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
In our last analysis, we identified that we were in wave 2, which is an ABC correction. We initially thought it would be a simple ABC correction but it appears we have an expanded Flat correction. We're expecting wave C now back down to wave A generation point. Trade Idea: - Look for lower timeframe trendline break or BOS for confirmation of reversal - Enter...
Trade Idea: Selling Silver Reasoning: Silver topped out in the short term? Entry Level: 25.1428 Take Profit Level: 24.22 Stop Loss: 25.4127 Risk/Reward: 3.5/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical...
Hey everyone I believe silver could be a good trade a nice little 1h channel moving up, 4h trend up is also a good positive sign, recent bullish engulfing candlestick on the 4h confirms bullish bias, I believe a re-test of the top is likely, we also have 1h 200 moving average covering our stoploss, which even if it pullsback is likely to react and find bullish...
Silver 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...
✅SILVER is trading along the rising support line And as the pair is going up now After the retest of the line I am expecting the price to keep growing To retest the supply levels above at 25.66$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! SILVER is trading in an uptrend Along the rising support And will soon retest is again So I think it will grow again Towards the 25.72$ Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
50% Retracement @ 21.09 200 Day MA @ 20.98 200 Week MA @ 21.43 Strong horizontal support between 21.30 and 21.10 Broken Downtrend (blue line) @ 20.97 Weekly 6 RSI @ 31 Daily 6 RSI @ 16 There is so much support in this area. RSI on daily and weekly has room to run. Looking for a long from here to ~28.50
Silver is gaining momentum, similar to the other precious metal, Gold. But their purposes are different: while Gold is used as protection against inflation from investors, silver has a lot more industrial uses, especially in the green energy sector. This makes the metal a lot more sought after. Both MACD and RSI are confirming the bullish trend, and if it...
Technical Confluences 1. Silver is currently near last year's high 2. Near-term resistance at 25.31550 3. Near-term Support at 24.29100 4. High-up resistance at 28.13740 Idea We are looking for price to continue heading towards the near-term resistance at 25.31550. There might be some struggle to break through the resistance so we are expecting a possible...
Hello,Traders! SILVER broke the key Horizontal level of 24.2$ And the breakout is confirmed So while we might see some Pullback the bias is Firmly bullish Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅SILVER will keep growing Because it is in the uptrend And recently broke the Key level of 24.2$ So we will be expecting Bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hi, The trend-resistance line is working hard in the first days of the week, indicating that we will return to the price of the 50/200 MA line cross This is just an idea Take care
Gold breaks the support of the uptrend channel and renews the local low. The price is forming a sideways range. How might this affect the price? When channel support is broken, price breaks the 50-hour and 200-hour moving averages on the 1-hour timeframe, descending to a low of 1950. There is a chance that the price will bounce from the SMA on the retest and go...
Strong mirror level 24.50 Rebound or false breakout strategy. I think it will be possible to enter and exit a couple of times