Gold has been surprising lately with its strong gains, renewing its August 16 high to 1786.545, which is almost 10% since early November, but a technical pullback is forming at the moment, which at the same time shows interesting things that could excite both bulls and bears. (Chart 1. Daily timeframe of the XAUUSD chart) On the one hand, the futures are...
Our view on silver remains the same. We assumed that the price would turn down from $22-22.5. The first downside target in wave (v) is $18. A rise above $22.50 cancels this scenario.
GOLD advances to a price high of 1786.545 on Tuesday, up nearly 10.5% overall from the bottom. The price makes a new high on August 16, 2022. (Chart1. Daily Timeframe. Technical Analysis) On the global chart, price makes a false breakout of the 1765.575 level and today price is updating the low of the last 3 days. The price did not reach about 18 dollars...
Silver on the 4-hour timeframe is still facing a very difficult resistance, as it did not close above 22 until it tested this resistance three times and it did not succeed, so we expect silver to fall from these prices towards 20.42 areas, and then to 19.74 areas. . . . The four golden rules of trading 1 Don't be greedy 2 Always use stop loss 3 Never add other...
✅SILVER is trading below a strong resistance And seems to have formed a H&S pattern So we will be waiting for a breakout And IF it happens we will sell SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Silver - Intraday - We look to Buy at 21.62 (stop at 21.37) Dips continue to attract buyers. Bespoke resistance is located at 22.69. Due to an Ending Wedge formation, we continue to treat extended gains with caution. The trend of higher lows is located at 21.53. Bespoke support is located at 21.62. Preferred trade is to buy on dips. Intraday signals are...
Gold prices rose to a three-month high of $1785, supported by a weaker dollar amid hopes that the Fed will take a less aggressive approach to raising rates in the future. Gold has had a very strong rally from $1618 and should consolidate a bit in the short term now. However, the overall risk remains very high. (Chart 1. Price correlation between DXY, US Bonds,...
Hello,Traders! SILVER went up after the breakout Of the horizontal resistance Just as I predicted earlier But the next resistance Is ahead and after the retest The price is expected to go down Towards the demand level below Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Silver. The ascending wave iv is completed or almost completed, we indicated on the chart a possible reversal range of $21.90-22.50. Wave down V will bring prices to new lows, the first intermediate target is $18. If the price fixes above $22.50, we will change our view.
Midterm forecast: While the price is above the support 17.520, beginning of uptrend is expected. We make sure when the resistance at 21.200 breaks. If the support at 17.520 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is...
Midterm forecast: While the price is above the support 17.520, beginning of uptrend is expected. We make sure when the resistance at 21.200 breaks. If the support at 17.520 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is...
Hello,Traders! SILVER broke a key level unexpectedly And the breakout is confirmed So after the inevitable pullback and retest I think it will go up Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
✅SILVER is going up currently And Silver broke the key structure level Which is now a support, and after the pullback And the retest, I think the price will go up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Silver shows strong bullish trend against USD. However, with the recent higher high hit, one can short sell between two strong support and resistance points as the price corrects itself
✅SILVER is about to retest a key structure level Which implies a high likelihood of a move down As some market participants will be taking profit from long positions While others will find this price level to be good for selling So as usual we will have a chance to ride the wave of a bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! SILVER surged up sharply on The fundamental data, but now The commodity is locally oversold So as the price is approaching A horizontal resistance I think We will see a bearish pullback Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
The hourly candlestick chart shows a bullish rally in silver against gold. Investors are advised to let price fall near previous higher low before buying better pricing and lot size.
✅SILVER is set to retest a Strong resistance level above After trading in a local uptrend for some time Which makes a bearish pullback a likely scenario With the target being a local support below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅