SILVER Neckline BreakHi Traders!
SILVER has broken below the neckline break in its head-and-shoulders pattern, and there is a possibility for a continuation to the downside if the market continues to stay below the neckline.
Here are the details:
After the initial momentum break below the neckline, the market is now retesting the neckline as resistance, and the 20 EMA has lined up perfectly with it.
We are looking for the market to stay below both the neckline and 20 EMA and look for exit targets near the 21.90 level.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 23.650
Support: 22.681
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Trade safely and responsibly.
BluetonaFX
Silveranalysis
SILVER.. at most tradeable area 22.01 since 2020 , stay sharp#SILVER... so guys market at his most tradeable area 22.01
you can watch marekt daily and weekly charts 22 figure area is most tradeable in history since 2020 arround..
keep close it because if market hold it then only scnerios is in buying favor otherwise not at all.
focus on that area and manage accordingly guys,
it will play key role again as you ca see in history.
trade wisely
good luck
SILVER 4H : Support further decline SILVER
New forecast
The price of silver continued to decline, breaking the 23.00 level and closing the daily candle below it, confirming the resumption of the downward path in the immediate term, opening the way to head towards 22.60 and 22.23 as the next main target.
Therefore the downward scenario will be remain valid and effective during coming period ,The moving average 50 constitutes negative pressure that supports the continuation of the proposed bearish wave, which will remain in place provided it remains below the 23.00 level.
The expected trading range for today it will be between support 22.23 and resistance 23.50 .
Additionally ,Today News will affect on the market .
resistance line : 23.00 , 23.50
support line : 22.60 , 22.23
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Silver- 2000 pips drop could followMore often than not, OANDA:XAGUSD provides clearer signals than OANDA:XAUUSD when it comes to technical analysis. In contrast to its bigger brother, Silver exhibited distinct signs of weakness right from the beginning of the year.
This was evident as the price broke below the ascending trend line that had originated in October (In the case of Gold, the price reversed from confluence support).
Reversals from the horizontal 22.70 support in Silver were consistently hindered by the confluence of resistances around 23.50, effectively keeping XAGUSD within a range.
Currently, the price of Silver has returned to the support zone.
Considering the descending triangle and the price being in a downtrend, coupled with its position below significant resistance levels, a break seems highly probable.
In this scenario, a drop to the 20.70 zone is possible, presenting a trading opportunity of 2,000 pips.
SILVER (XAGUSD): Bearish Continuation 🪙
Look how nicely Silver respected a solid horizontal supply area on a 4H.
We see a strong rejection and a formation of a cup & handle pattern.
Odds are high that sellers will push the prices lower now.
Goals: 22.75 / 22.55
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SILVER (XAGUSD) BUYING ON DIPS !!!! TILL 30$ HELLO TRADERS,,,
As i can see this chart is performing a harmonic pattern H & S and a clear view that this pair still in range for a very big incoming move Israeli and GAZA Tensions are escalating more & more Day by Day investors and traders are looking for safe-haven Gold already break 2000 level and looking for making a new all time higher high silver has also performed well on monthly based it had gain 3% .. commodity prices are sky rocketing now we have a great opportunity to enter this trade with a very low risk and a higher reward its just an trade idea not a financial advice whats Ur thoughts on Silver kindly share with us Ur idea in comment box we appropriate Ur love and support it help alot whole traders community here ....
Stay tuned for more updates
📉🌑 Silver's Moon Trip Cancelled: Eyes $22 in Downtrend 🎯🔻💥It is possible that the Silver RSI trend line may be retested, indicating a decrease in momentum from buyers. Consequently, there might be a continuous downtrend leading to a price point of $22. It is advisable to prepare for this ongoing downtrend.
Sellers can still take advantage of the fresh bear trend on the hourly chart, providing opportunities for short sellers to make a profit.
Silver Breakout ?Pair : XAGUSD ( Silver / U.S Dollar )
Description :
Breakout of the Daily Ascending Trend Line and Completed the Retracement. Completed " AB " Corrective Waves in Long Time Frame and " 12 " Impulsive Waves in Short Time Frame. Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of Lower Trend Line
📈💪 Silver Secures Support: Gearing Up for $24.5 Sprint! 🏃♂️It seems that silver has found triple bottom support on the RSI, while DXY is showing signs of a strong bear. This suggests that commodity prices may rise, which in turn could send silver to test $24.5 once again. However, if silver fails to clear this area, it could potentially lead to a permanent collapse of silver prices.
But for now, this chart is bullish. Enjoy the trend!
SELL SILVER FROM RESISTANCE ZONE !!!HELLO TRADERS !!!
As I can see this pair has reached at a strong resistance zone we are expecting a drop from this zone to the draw tps my charts always talk it self see other pairs charts updated so it will help alote to understand markets next move its just an trade idea share ur thoughts with us & stay tuned for more updates
DeGRAM | Silver at the reaction zoneSilver dropped from the resistance and broke the lower border of the descending channel.
If we look closely, we can see that the price is near the reaction zone. It bounced off this level multiple times.
If the market fails to break through the resistance level, we can sell at that level.
We anticipate a breakout of the channel and further bearish moves.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
XAGUSD ( Silver / U.S Dollar )Pair : XAGUSD ( Silver / U.S Dollar )
Description :
Breakout and Retracement for the Daily Descending Trend Line and Break of Structure. Completed Impulse and Correction and Rejection from Fibonacci Level - 61.80%. Completed " 1234 " Impulsive Waves , Will make its 5th Wave at Daily Demand Zone
SILVER BUY ITS @ SUPPORT ZONEHELLO TRADES !!!
As i can see silver is now @ support zone and we are buying with a low risk and looking for a higher rewards ... Friends trade is on based of Fundamentally + Technical analysis kindly have look on our other analysis so you can understand why we are buying charts is crystal clear for uptrend its just an trade idea share ur views with us for silver we appreciate ur love and support
📉🌑 Silver's Downward Spiral: Aiming for $22, Then $18 🎯💫Following my recent sell analysis on Gold. Silver is also a short from here.
Silver 6 weekly chart: Shows resistance and the bearish trend is strong.
Target 1: $22
Target 2: $18
The bear trend is the same with gold.
The current trend is pointing downwards. You need to devise a plan to execute your trade accordingly.
SILVER will hold resistance or not??#SILVER... market just reached at his upside final resistance of the day , keep close it because if market hold it then again drop expected otherwise not.
24.42 was our area if you remembered guys, that was our first supporting area in our last 4 to 5 #SILVER ideas,
in first go market hold it and then create a volume to move any side, now at his final area and that is 24.42
keep close it and dont hold your short positions above that level .
trade wisely
good luck
DeGRAM | Silver 50% retracement levelSilver pulled back to resistance and 50% fibo level.
If the market fails to break through the resistance level by creating a false breakout, we can sell from the confluence level.
We anticipate a retest of the support level since we have a price drop from resistance.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
#SILVER: A strong sell off expected! Dear Traders,
OANDA:XAGUSD a strong sell off is expected on silver this week. Firstly because recently price have been overbought and there is going to be ' a strong bearish impulse' due to adjusting he market equilibrium. Secondly, the NFP and other strong news that can affect the silver future price significantly.
We will have to keep close eye on the price action if price does not respect our zone then the idea will be automatically invalidated. we will update on this as we progress.