Silver - Is it finally time?Why go long?
- Right at red uptrend
- Gold closed gap today @1867
- Dollar looks like its topping out (11 green weeks in a row! - time to be contrarian), rates likely to top soon too
- Area around 200 Week MA @22,57 has been proven support many times
- In the last few years espacilly good visible in 2021 there was always quarter end selling in september followed by at least a bounce in the coming month
- Physical market is still in deficit
- CoT once again looks good, probably even better after the last few selling days
So, is it finally time to break this yellow down trend and run?
Taking ~2% risk, daily close below 22,11 and I´m out
Silveranalysis
SILVER 4H (Pivot Price: 22.61)Silver
stabilizing above 22.61 will support rising to touch 22.80 then 22.94 then 23.13
stabilizing under 22.61will support falling to touch 22.39 and then 22.20
Pivot Price: 22.61
Resistance prices: 22.80 & 22.94 & 24.13
Support prices: 22.39 & 22.20 & 21.98
The expected trading range for today is between support 21.98 and resistance 22.80
The general trend expected for today: bearish
timeframe: 4H
SILVER 4H (Pivot Price: 23.48)Silver
stabilizing above 23.48 will support rising to touch 23.77 then 23.99 then 24.13
stabilizing under 23.48 will support falling to touch 23.14 and then 22.95
Pivot Price: 23.48
Resistance prices: 23.77 & 23.99 & 24.13
Support prices: 23.14 & 22.95 & 22.81
timeframe: 4H
Now that Silver Exhibits Upside Potential, What Next?Silver has successfully breached the H4 trendline, and also establishing both a higher-high and a lower-low, with a closing price exceeding 23.59 indicating its potential to rally towards the next resistance level. Over the coming days, a retracement in silver price is envisaged, preceding another anticipated impulsive move.
N.B!
- XAGUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#silver
#xagusd
Silver- Price could rise to 24.50 (more than 1k pips)In my 13 September analysis on Silver, I said that the price could lose support and drop to the next important one at 22.30. The next day, the market did exactly this and touched the indicated zone.
However, this was just liquidity grabbing with XagUsd quickly rising back above the 23 figure on 15 Sept.
Just like XauUsd, Silver also reversed yesterday from the new top, leaving a Pin Bar on our chart, nevertheless, the structure remains strongly bullish, suggesting continuation.
In conclusion, dips should be bought with a 24.50 target.
Potential Close Above 23.59 Will Validate H4 Silver BoSIF silver could possibly close above 23.59 on H4, it would have established a higher-high and higher low and potentially break the downtrend structure on H4. However, failure to close above 23.59 level may cause the metal to fall into further consolidation before another downtrend move...
N.B!
- XAGUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#silver
#xagusd
Silver Big Bullish Move , BUY !Hello traders ,
looking at silver we can see that the price reached a support level and a bullish trendline.
the price formed the classic reveral pattern : the inversed head and shoulder
the price broke the neckline and it came down there currently testing it
i expect a bullish move towards the next key area.
trade safe!
SILVER - BREAK OF STRUCTURE 📈Hello Traders!
On The Daily Time Frame, The SILVER Price Reached A Strong Support Level.
Currently, The Price Failed To Create a New Lower Low.
The Last Lower High is Broken.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 23.86500🎯
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if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
silver ( xagusd ) Long Term Trading IdeaHello Traders
In This Chart silver HOURLY Forex Forecast By FOREX PLANET
today silver analysis 👆
🟢This Chart includes_ (silver market update)
🟢What is The Next Opportunity on silver Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
This support need your focus#SILVER... well market trade near to his major supporting area.
It was hold 3 timea in history, keep in mind guys this time it can be different.
Let see what will be done from market side.
If market hold them bounce expected from this are otherwise not.
So t hols your buying positions below this support line.
Trade wisely
Good luck
silver ( xagusd ) Long Term Trading IdeaHello Traders
In This Chart silver HOURLY Forex Forecast By FOREX PLANET
today silver analysis 👆
🟢This Chart includes_ (silver market update)
🟢What is The Next Opportunity on silver Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
SILVER BULLISH DOUBLE BOTTOM FORMED Hello traders so XAGUSD Formed a Classic bullish reversal pattern the double bottom
so we might expect a bullish reaction.
OUR BULLISH CLUES :
-the price formed a double bottom on a key support level (M30-M15 TF)
-RSI BULLISH DIVERGENCE
the breakout and retest of the neckline will be our confirmation .
leave a like and follow if you found this helpful i post weekly setups and signals on my tradingview .
this is not financial advice just my humble opinion.
Silver 4H (Pivot Price: 22.95)Silver
stabilizing above 23.14 will support rising to touch 23.45 then 23.60 then 23.80
stabilizing under 22.95 will support falling to touch 22.81 and then 22.61
Pivot Price: 22.95
Resistance prices: 23.45 & 23.60 & 23.80
Support prices: 22.81 & 22.61 & 22.45
timeframe: 4H