Silver
SILVER (XAGUSD): Pullback From Key Level 🥈
Silver is testing a key daily horizontal support at the moment.
I see a strong bullish reaction to that on an hourly time frame:
I see a confirmed breakout of a resistance line of a falling wedge pattern
and a double bottom formation.
I expect a pullback at least to 26.64
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SILVER LINING ahead.Hi, 1PERCENT here.
Silver head a "huge" weekly candle close this week with +10% which is a pretty big move for such an asset.
It broke through a resistance zone that it was unable to break since it lost the price zone in July 2021.
Now that it broke the descending trendline that started in 2011(!) & that 3 year resistance zone, I believe we are going to have some really big moves.
In a TA perspective, it would be healthier for TVC:SILVER to re-test that previous resistance zone turned support and then, continue upwards.
One possibility of this happening is the next scenario:
1) Goes up short-term until the Blue range highs $28.65, which also is a Yearly supply zone,
2) Rejection & re-test the recently broken Green zone, maybe a wick into the Blue mid-range $25.28
3) Continuation upwards, re-challenging the Yearly Supply.
However, it could also go like this:
When Silver goes, she goes hard.
Silver H4 | Bullish bounce off 61.8% Fibonacci support?Silver (XAG/USD) ) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 26.54 which is a pullback support that lies above the 61.8% Fibonacci retracement level.
Stop loss is at 26.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 27.94 which is a pullback resistance.
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SILVER Will Go Lower From Resistance! Sell!
Take a look at our analysis for SILVER.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 27.366.
Considering the today's price action, probabilities will be high to see a movement to 26.782.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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SILVER Expected Growth! BUY!
My dear subscribers,
This is my opinion on the SILVER next move:
The instrument tests an important psychological level 27.231
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 27.907
My Stop Loss - 26.808
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
SILVER (XAGUSD) - Scalping/IntradaySELL LIMIT:
R1 - 27.71800
BUY LIMIT:
S1 - 27.04500
Trading Guidelines (SILVER):
Risk Management: Risk no more than 1% of your capital per trade.
Maximum Trades: Limit yourself to a maximum of 2 trades per day.
Trading Sessions: Focus on trading between the London and NY sessions.
Discipline: Execute the order at the identified level.
Stop Loss and Target: Set stop loss at 1000 points and targets at 2000-3000 points.
Evaluation: If a loss is incurred, wait for the next day and try again.
Simplicity: Keep the trading routine simple and straightforward.
SILVER Is Very Bearish! Short!
Here is our detailed technical review for SILVER.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 27.221.
Taking into consideration the structure & trend analysis, I believe that the market will reach 25.581 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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SILVER MORE BULLISH TILL 35$ IN 2024HELLO FRIENDS
As I can see silver hit all time high 30$ in this bull run and now retrace we are expecting a new ATH in Silver with the fundamental and technical views all dose Time matter Friends chart is crystal clear for entries on this pair for more info Stay tuned.
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SILVER BEST BUYING ZONE !!!!HELLO TRADERS
As I can see Silver is testing now a strong support level which is a great entry zone for buying here. Silver is still not moved as like gold and other commodities has done, we expected this pair will move till design levels and this is a best zone with a very low risk and higher rewards let's see what markets bring to us. Charts always talk......
Share Ur views with us on Silver chart it help all of us Stay Tuned for more updates.
SILVER: Bullish Continuation & Long Signal
SILVER
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long SILVER
Entry Point - 27.222
Stop Loss - 26.696
Take Profit - 28.137
Our Risk - 1%
Start protection of your profits from lower levels
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Silver target hit precisely after inverse head & shoulders breakJust posting this update on the silver chart to exemplify how TA often does work with exact precision. As soon as the inverse head and shoulders on silver validated its breakout the price action climbed to the exact price target before its current correction. We can see how the wick on this particular chart even hit the top of the measured move line at exactly the time it hit its target. Always a cool thing when that occurs. *not financial advice*
Silver correcting after 1st target hit; bigger invh&s trgt = $34The top of the highest wick on silver is actually the exact measured move target of the previous inverse head and shoulders silver recently hit precisely. On the journey as it retested that ones neckline it formed this anger more horizontal inverse head and shoulder neckline and has since also broken above it with a measured move target much higher at around $34. I am currently watching for the dotted purple measured move line or the horizontal neckline to get retested here and hopefully one or the other wil maintain support…price could easily also dip back below the neckline a few times before the real breakout like it did with the previous inv h&s neckline. I will link the previous invh&s chart down below for you to compare. *not financial advice*
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SILVER Trading Opportunity! BUY!
My dear followers,
This is my opinion on the SILVER next move:
The asset is approaching an important pivot point 27.222
Bias - Bullish
Safe Stop Loss -26.487
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 28.310
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK