SILVER 4H : still support further decline SILVER
New forecast
The price of silver rose yesterday and achieved immediate gains to test the 22.73 level, and we notice that the price bounced down from there in an attempt to resume the expected downward trend in the immediate term, waiting to test the 22.50 level initially, remembering that breaking this level will push the price directly to 22.23.
Therefore the downtrend scenario will be remain valid and effective for the coming period supported by moving average 50 that is continue to support the price to drop , taking into account that stabilized above 23.00 level will end the downtrend .
The expect range trading for today it will be between resistance line 23.73 and support line 22.23 until stabilized .
Additionally ,Today News will affect the market .
resistance line : 22.73 , 23.00
support line : 22.50 , 22.23
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Silveranalysis
SILVER 4H : Under 22.73 will be downtrend againSILVER
New forecast
The price of silver begins today's trading with negativity, trying to break the 22.73 level and settle below it. By breaking it, it will head towards a shift in the direction to the downside, and we expect the bearish tendency to continue to test the 22.50 and 22.23 areas mainly.
Therefore, we expect to witness further decline in the coming sessions, but on the condition of holding below 22.73, keeping in mind that a stabilized above 22.73 again will reactivate the bullish wave targeting the 23.12 level initially.
The expect range trading for today it will be between resistance line 23.12 and support line 22.50 until stabilized .
resistance line : 23.12 , 23.35
support line : 22.74 , 22.50
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BluetonaFX - SILVER Range Zone SHORT to SupportHi Traders!
Silver continues to trade in the range zone as it cannot break above the 23.765 resistance area.
Price Action 📊
The current price action looks bearish. Market highs and lows have started to become lower due to numerous price rejections around the 23.765 level. The market also recently broke and closed below the 20 EMA, and there are opportunities to use the EMA as a focus point to sell rallies.
Fundamental Analysis 📰
Ultimately, precious metals in general got hit this week, as the US dollar has rebounded quite a bit. Additionally, interest rates in America are picking up, which has offered a bit of a reason for investors and speculators to start selling precious metals.
Support 📉
22.292: PREVIOUS DAY'S LOW
20.678: 4 WEEK LOW
Resistance 📈
22.838: PREVIOUS DAY'S HIGH
23.765: RANGE ZONE RESISTANCE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
Silver's Potential Head and Shoulders Formation Points to $25.00What a beautiful Heads And Shoulders is forming on Silver Chart ?!
I've identified an intriguing development on the Silver chart, with a potential Head and Shoulders pattern in the making. Currently, we find ourselves at the second shoulder, marked around the 23.000 levels. If Silver manages to breach the critical 23.800 resistance, it could set a course for a significant upswing towards the coveted $25.000 mark.
As we navigate the coming week, be mindful of economic events that might act as catalysts, bolstering the bullish momentum on the commodities charts. Stay tuned for potential price action that could propel Silver to new heights.
SILVER 4H : Uptrend above 23.12SILVER
New forecast
The price of silver moved upward significantly in the las week , breaching the 23.12 level and stabilized above it, heading towards achieving expected gains during the coming sessions, on its way to mainly visiting the 23.35 and 23.49 level.
Therefore the uptrend scenario will be remain valid and affective supported by moving average 50 supports the chances of achieving the expected rise, taking into account that breaking 23.12 and stability below it again will forced the price to formed the negative correction and will support the price to reach 22.73.
The expect range trading for today it will be between resistance line 23.35 and support line 22.73 until stabilized .
resistance line : 23.35 ,23.49
support line : 23.12 , 22.73
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Keep close 23.60, need your focus actually #XAGUSD (SILVER)... market placed 23.60 in last week.
It's market dynamite area actually keep close it guys.
If market hold it then drop expected otherwise not.
Any weakness below that area will leads you towards again supporting areas.
Trade wisely
Good luck
SILVER 4H : Under sell pressure SILVER
New forecast
The silver price found strong support formed at the breached resistance of the descending subsidiary channel, to test the pivotal resistance 23.12 now, and maintain its stability below it so far, which supports the chances of a downward bounce to resume the expected downward trend for the coming period, whose next main target is located at 22.73.
Therefore, the downward trend scenario will be remain valid and affective and we continue to favor the downward trend in the immediate term, taking to account that breaching 23.12 will lead the price to achieve new gains so above 23.12 the price will try to retest before dropping.
The expect range trading for today it will be between resistance line 23.35 and support line 22.23 until stabilized .
Additionally ,Today News will affect the market .
resistance line : 23.12 , 22.50
support line : 22.73 , 23.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Silver Local BuyGood evening everyone! Don't forget to put your thumbs up and write comment if you like the idea.
The price can continue its decline only if the conflict in the East is resolved, and it seems that I see that the conflict is still standing in one place (maybe I’m wrong) But the point is different.
The Fed will no longer raise rates, this will affect the growth of precious metals, so it is advisable to gradually cover shorts and gain longs. In general, I now expect an impulse decline in the asset tomorrow on the news and then further growth
SILVER 4H : Under sell pressureSILVER
New forecast
The price of silver achieved a clear break of the 22.73 level and ended yesterday’s trading below it, turning lower and heading towards visiting the 22.50 level as a next negative target, with the need to be aware that breaking this level will put pressure on the price to incur additional losses of up to 22.23 in the near term.
Therefore the downward scenario will be remain valid and affective supported by the 50 moving average supports the continuation of the expected decline for today, which will remain in place unless the price is able to penetrate the 22.73 level and stabilize above it again.
The expect range trading for today it will be between resistance line 22.73 and support line 22.23until stabilized .
Additionally ,Today News will affect the market .
support line : 22.50 , 22.23
resistance line : 22.73 , 23.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
SILVER 4H : War will support further rise upSILVER
New forecast
The price perfectly fulfills my last idea and price reached to our targets .
The silver price tested the 22.73 level and maintains its stability above it after rebounded from the support level and rise up ,se we expect the price will be continue at the bullish tendency waiting to correction the price to resume the upward wave that targeting to the 23.35 level initially, remembering that breaching this level will extend the upward wave to targeting 23.49.
therefore the upward trend will be remain valid and effective supported by Moving average 50 that is continues to support the suggested bullish wave, taking to account that stability under 22.73 will put the price under negative correction until 22.50 and then will be continue at the main bullish trend. also if price opened under 22.98 the price will try to start a correction .
The expect range trading for today it will be between resistance line 23.35 and support line 22.73until stabilized .
Additionally ,News will affect on the market .
support line : 22.73, 22.50
resistance line : 23.35 , 23.50
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
SILVER BUYING ON DIPSHELLO TRADERS!!
As i can see this chart of silver its is show a strong support zone and on long term chart it have to test the above weekly trend line which is my last TP i am going for a buy setup from the buying zone area with a very low risk and looking for higher rewards... this just an a trade idea kindly share Ur thoughts on silver chart and stay tuned with us for new updates
SILVER 4H : Still bullish SILVER
New forecast
The silver price tested the 22.77 level and maintains its stability above it till now , noting that the price attacked that level many times and couldn't stabilized under it , waiting to stimulate the price to resume the upward wave that aims to test the 23.35 level initially, remembering that breaching this level will extend the upward wave to reach 23.49 but first its possible to retest to 22.98 and then will rise up .
Moving average 50 still continues to support the suggested bullish wave, which will remain in place provided it remains above the 22.77 level, stabilized below the 22.77 will postponed the bullish attempts and put the price under sell pressure to visit the previous main support zone which is 22.50 level .
The expect range trading for today it will be between resistance line 23.35 and support line 22.79 until stabilized .
Additionally ,Today News will affect the market .
support line : 22.77 , 22.50
resistance line : 23.35 , 23.50
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
SILVER 4H : try to retest and the rise upSILVER
New forecast
The silver price tested the 22.79 level and maintains its stability above it till now , noting that the price attacked that level many times and couldn't stabilized under it , waiting to stimulate the price to resume the upward wave that aims to test the 23.35 level initially, remembering that breaching this level will extend the upward wave to reach 23.49.
Moving average 50 continues to support the suggested bullish wave, which will remain in place provided it remains above the 22.79 level, stabilized below the 22.79 will postponed the bullish attempts and put the price under sell pressure to visit the previous main support zone which is 22.50 level .
The expect range trading for today it will be between resistance line 23.35 and support line 22.79 until stabilized .
Additionally ,Today News will affect the market .
support line : 22.79 , 22.50
resistance line : 23.35 , 23.50
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
SILVER 4H : 22.79 Is important for today SILVER
New forecast
The silver price tested the 22.79 level and maintains its stability above it, noting that the technical indicators continue to get rid of the negative momentum, waiting to stimulate the price to resume the upward wave that aims to test the 23.35 level initially, remembering that breaching this level will extend the upward wave to reach 23.49.
Moving average 50 continues to support the suggested bullish wave, which will remain in place provided it remains above the 22.79 level.
The expect range trading for today it will be between resistance line 23.35 and support line 22.79 until stabilized .
Additionally ,Today News will affect the market .
support line : 22.79 , 22.50
resistance line : 23.35 , 23.50
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
SILVER 4H : Waiting for second target SILVER
New forecast
The price perfectly fulfills my last idea and price reached to our target waiting to reach the second target .
The silver price succeeded in achieving our expected target at 22.88, and begins the day with additional positivity to penetrate this level and attempt to hold above it, which supports expectations for the continuation of the upward trend and achieving additional gains reaching 23.35 and 23.50.
Therefore, the bullish trend scenario will remain dominant during the coming sessions, influenced by the positive pattern whose features appear in the chart above, keeping in mind that to consolidate under 22.88 will put the price under negative pressure, mainly targeting testing the 22.50 areas.
The expect range trading for today it will be between resistance line 23.50 and support line 22.88until stabilized
Additionally ,Today News will affect the market .
support line : 22.88 , 22.50
resistance line : 23.35 , 23.50
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
SILVER 4H : After correction trying to rise upSILVER
New forecast
The price perfectly fulfills my last idea .
The price of silver fluctuates with slight negativity to approach the pivotal support 22.23, and it rebounds from it and will settle above the resistance 22.50, waiting to stimulate the price to resume the expected upward trend for the coming period, whose next target is at 22.88 and 23.35.
Therefore, the positive scenario will remain in place, supported by the moving average 50, keeping in mind that breaking 22.23 will nullify the positive combination that supports the proposed upward trend and put pressure on the price to decline again.
The expect range trading for today it will be between resistance line 22.88 and support line 22.23 until stabilized
Additionally ,Today News will affect the market .
support line : 22.50 , 22.23
resistance line : 22.88 , 23.35
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Silver I Potential upside Hello,Traders!
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XAGUSD (Silver) is trading in a downtrend on the daily and sitting
right below the 50 MA. After the recent decline and consecutive
rejection at 20.73, price has been pushing upward in an impulse,
correction phase. It is currently rejecting the 32% fib after the
impulse rise from 21.77. All signs are pointing to more upside at
the moment with a potential target to resistance 23.50
Trade safe and good luck!
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SILVER 4H : 22.23 Support to rise upSILVER
New forecast
The price perfectly fulfills my last idea and price reached to our target .
The price of silver was able to cross the 22.25 level to confirm the continuation of the dominance of the upward trend, and the way is open to achieving our new positive target, which is located at 22.88, noting that the previously completed positive pattern has positive targets that exceed the last level to reach the 23.50 areas.
Therefore, the upward trend will remain effective for the coming period, keeping in mind that breaking 22.23 will stop the expected rise and put the price under negative pressure in the immediate term.
The expect range trading for today it will be between resistance line 22.88 and support line 22.23 until stabilized
Additionally ,Today News will affect the market .
support line : 22.50 , 22.23
resistance line : 22.88 , 23.35
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
XAGUSD I Short from resistance Hello,Traders!
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XAGUSD is trading in a downtrend
on the daily, however after the recent bullish impulse
and bullish engulfing candle on the weekly, we believe a
correction to 22.28 is in process and then, more
potential upside is probable. Short!
Trade safe and good luck!
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