J-XAG
Silver ready to run?Give a like and follow!
XAGUSD had a perfect bounce last week off it's late September low.
Possible double bottom formation.
RSI divergence on the Daily bar immediately before the dip and bounce.
MACD has just turned.
Looking at the 0.382 Fib level around 24.7 as target, with potential for a runner above 26 towards the 0.618 Fib level.
SILVER (XAGUSD) | The best area to fall🔥Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The wave count performed for the silver weekly time creates several movement scenarios, but in all of these scenarios an upward movement the size of wave (1) is confirmed in the current analysis.
In the current analysis, wave 1 is composed of wave 5 at higher times. We are inside wave 2.
Wave 2 is inside wave a and wave a forms its wave in the form of five waves in the form of triangle, and wave 5 is formed around Fibo 0.38 or the lower side of the triangle, and then wave b is formed. And correction for wave a begins.
Wave b is relatively time consuming and long considering the time spent on wave a and in terms of price it can be guessed that Fibo is moving 0.618.
If the move exceeds Fibonacci 0.618, it can be said that Wave 2 has already been completed.
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SILVER Swing Long! Buy!
Hello,Traders!
SILVER is trading in a local downtrend
But the price will soon hit a weekly support level
Which will most likely withstand the attack of the bears
And so the price will go up from the support
Buy!
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Silver holding the uptrend .. for now..Looking at some bearish indicator driven by US 10yr bonds. I do expect that the support levels will break soon and silver catching up with the price of gold.
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SILVER (XAGUSD) | The best area to fall🔥Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The wave count performed for the silver weekly time creates several movement scenarios, but in all of these scenarios an upward movement the size of wave (1) is confirmed in the current analysis.
In the current analysis, wave 1 is composed of wave 5 at a higher time and the valance is inside wave 2.
Wave 2 is inside wave a and wave a forms its four waves in the form of five waves in the form of a triangle, and wave 5 is formed around Fibo 0.38 or the lower side of the triangle, followed by wave b and correction. Starts for wave a .
Wave b is a relatively long wave due to the time spent on wave a and in terms of price it can be guessed that Fibo is moving 0.618.
If the move exceeds Fibonacci 0.618, it can be said that Wave 2 has already been completed.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Potential opportunity long xag silver usdHere we have the silver against the usd which is at the dawn of a breakout. On the chart we see that at 31.25100 the silver will surpass a high point dating from 2011. If it is heading towards its old ATH of $ 49.81, it will enter a price discovery phase after 10 years of consolidation and accumulation. There is a lot of potential on this chart.
I will take this long once the 31,251 is exceeded and closed daily, here it is not a question of opening a trade and exiting immediately but of riding the potential upward acceleration by increasing its stop loss gradually in a structured and non-aggressive way. .
My stop loss will be 20% of my entry price and my entry price will be based on a daily close. I know it is better to wait for a 3D timeframe or weekly closing on this kind of asset but this is my plan and in no way investment advice.
Feel free to comments my chart and share your opinion.
Thanks
XAG/USD (SILVER) WILL PUSH LOWER BELOW $22.6XAG/USD (SILVER) will push lower to make a new low below $22.6 and after that, it can push a little bit higher, but not above $23.7. Then it will go for one deep correction as a continuation of wave (2). In the alternative scenario (marked by red alpha numerals), we have already finished wave (2) @ $21.4. So right now, it's running expanded flat, and will soon rise for minor wave 3.
#XAG/USD #SILVER #ELLIOTTWAVE
Another Silver Analysis - H&SIdea for silver, demonstrating the Head and Shoulders pattern that has repeated itself throughout a bull market and into the next bear market
Points in grey box are very similar also
As we have just finished forming the right shoulder, it is likely that price will decline, furthering the bear market for silver
XAGUSD Strong rally towards the end of the yearAs the 1D MA50 (blue trend-line) has been supporting Silver since late October, it is a good time for me to update my outlook on the metal. So far my September 30 trading plan remains valid:
As you see we caught the market bottom on that exact date and the price has been rising ever since, creating an Inverse Head and Shoulders pattern in the process, which is a technical bullish formation.
Last time we saw the 1D MA50 turning into a Support after a break-out following a rebound on the 21.650 Support, was in January 2021. As you see that was also after a new High and what followed was a rally that gave a new Higher High. With the 1D CCI being also on a symmetrical Support level (-100.00), I am expecting a similar rally this time also, which can last as long as until the end of the year. The 0.786 Fibonacci retracement level has always served as a strong Resistance and that is an ideal target for swing buyers.
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SILVER Will Go UP! Buy!
Hello,Traders!
SILVER is falling massively
And the price is down by 8% from the local high already
Which is a lot, and I think that Silver is oversold
Also, a strong horizontal support level is below
And I think that once retested
We will see a rebound and a bullish correction from the level
To retest the local resistance above
Buy!
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XAGUSD with a possible strong bullish playXAGUSD seems to have completed a head and shoulders pattern on its daily chart, it has also made extensive bullish moves which are now being supported at a resistance turned support.
We strongly believe that XAG could become highly bullish based on everything we see in the charts right now.
Some more downside could occur, but it shouldn't drop further than the 24,329 area.
We have already started building a bullish position here and will be adding on it with every opportunity, unless we see reasons that our bullish analysis is fialing.
SILVER Bullish Bias! Buy!
Hello,Traders!
SILVER is super bullish now
And the price broke a key horizontal level
Then retested it and is going up again now
So I am bullish on Silver too
And I am expecting bullish continuation
Buy!
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