Hello, Friends! SILVER pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
Hi Traders ! On Monday 12 August, The Silver reached the resistance line and failed to break it ! The price formed a double top pattern. At the moment, The neckline is broken ! So, I expect a bearish move 📉 _____________ TARGET: 26.63600🎯
Seasonal Outlook 🌦️ June has historically been a challenging month for silver. Seasonality analysis suggests that silver often experiences weakness during this period. Various factors, including market liquidity, investor behavior, and macroeconomic conditions, contribute to this trend. As we enter June, these seasonal patterns may play a significant role in...
Today is a RALLY day on my SPY Cycle Patterns. After the recent base/bottom in the SPY and the subsequent reversion to the upside - I expect today's rally to be somewhat muted in size. I'm not expecting a large range rally bar to form today - although it could happen. The reason I'm not expecting a huge rally bar today is because we've already seen a very strong...
Our last 2 analysis of Silver has played out perfectly! We identified that we were in a 5 wave impulsive move and were looking for wave 4 completion. We have finally completed wave 4 and we are ready to load up for the 5th wave! Trade idea: - Risk entry anywhere above invalidation - Safer entry on break of red trendline - Stops below invalidation - Targets:...
In a gold bear market, Barrick Gold's stock hasn't done much at all and ultimately has underperformed as investors anticipate lower earnings. However, investors might see this as a buying opportunity if precious metals see liquidity rotation out of the more overpriced and inflated assets.
Technical Confluences: - Elliot wave seems to be in the middle of a Wave 3 count. Completing the Wave 3-1 and Wave 3-2. Next, should be the beginning of Wave 3-3 - Price action is close to an Interest Zone and is also at the 200MA Fundamental Confluences: - SilverCorp Metals focuses on Sustainable Silver. Both words that delight financial investors. Silver being...
Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸 GBPUSD broke and closed above a resistance line of a bullish flag pattern on a daily. Because the pair is trading in a long-term bullish trend, such a violation is a strong bullish signal and a clear sign of strength of the buyers. I think that...
Take a look at our analysis for SILVER. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 27.735. The above observations make me that the market will inevitably achieve 30.577 level. P.S Please, note that an oversold/overbought condition can last for a...
This is Part 1 of the Weekly Forex Forecast AUG 12-16th. In this video, we will cover: S&P500 NASDAQ DOW GOLD SILVER US & UK OIL Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do...
Trading Setup: A Trading Signal is seen in the XAGUSD Silver Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 27.06 ⭕️SL @ 25.9 🔵TP1 @ 30.59 🔵TP2 @ 32.24 🔵TP3 @ 34.90 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex,...
Silver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 28.15 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 28.90 which is a level that sits above the 78.6% Fibonacci retracement level and a pullback resistance. Take profit is...
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According to Sabah Equity Research's analysis using Elliott Wave Theory 2.0, silver is poised for an upward trajectory. The recent market movements suggest that wave four's corrective phase has concluded, paving the way for wave five. Elliott Wave Theory Overview Elliott Wave Theory is a technical analysis framework used to forecast market trends by identifying...
In this #silver against #ethereum (XAG/ETH) chart, silver formed a bull flag against #ETH and also there' s a gap downside as seen on the chart. If this index make bullish breakout to upper red box, then i may expect some issues: - ETH and #crypto may go into a corrective wave. - Silver pumps, ETH just underperforms. OR Whole markets' correction / dump. If index...
Hello,Traders! SILVER went up and hit A horizontal resistance Of 27.66$ and now we Are already seeing a Bearish pullback so we Will be expecting a Further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Silver's bullish engulfing candle on Thursday may have marked the end of the corrective phase for the metal, potentially paving the way for a new bull trend. On Thursday, XAGUSD found strong support from the area around $26.50, where it had taken off in May. It is essential that it now finds some follow-through on the upside. An ideal scenario for the bulls...
Silver has been slowing down for the last three months, but drop on 4h time frame is in three waves A-B-C, which indicates for a corrective decline within higher degree wave IV. It's now potentially finishing final subwave (5) of C at 26.50 - 26.00 strong and key support area. If we get sharp or five-wave impulsive recovery back above 29.22 first bullish evidence...