SILVER (XAGUSD): 3 Important Resistances to Watch 🪙
Silver is unstoppable.
The market keeps growing like crazy.
Here are 3 important structure resistances from where we may see a pullback.
Resistance 1: 24.28 - 24.63 area
Resistance 2: 25.82 - 26.22 area
Resistance 3: 26.7 - 26.9 area
Consider these structures for pullback / breakout trading.
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Silveranalysis
Silver bouncing down from the channel high? Stochastic showing overbought conditions for quite some time on the daily chart.
We have seen this retracement down many times before, it acts as a strong resistance.
The 4-hour chart helps navigate the shorter-term direction with an immediate hurdle at around $22.56, which can be used for early exits.
The longer term target could be at around $22.10, which is the zone we also visited many times before.
XAGUSD Next MovePair : XAGUSD ( Silver / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame and it has Breakout the Lower Trend Line and Completed the Retracement
Break of Structure
Fibonacci Level - 78.60%
Rejecting from Strong S / R Level
Divergence
Impulse Correction Impulse
Elliot Waves
Silver Futures March April Challange Hello my friends! How is going your trading week? I hope that is doing well, anyways lets talk about this operation!
Bulish: We are preparing for a trend continuation after the break of the resistance level that we are currently in, for entrys we gonna wait a strong candle, a pattern cadle or something like that.
Bearish: Here for the bearish operation we are waiting a retest in our candle, rejecting the resitance level and then going back to support, we gonna also pay attetion if the price after the retest in the resistance will not go directly to the next suport zone, but is gonna restest at a fib level.
SILVER - MEGA SHORTSILVER grew forced by the lost trust in BANKS, so that precious metals rose in front of GOLD, but once the banking market calms down, a price correction follows that will bring down the price of metals.
In addition, a rising wedge has formed on the 4h chart that can be broken at any moment. So we have the possibility to make a nice profit taking into account the very small risk.
DeGRAM | Silver deceleration at resistanceSilver is decelerating while approaching the resistance level.
The market shows massive divergence on the 4H timeframe and pinbars.
We anticipate a short-term pullback and even further movement down if price breaks and closes below the ascending channel.
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SILVERHey everyone, i thought i would share my idea on silver.
Silver has had 2 x ATHs in its history. Both times hit at about $50 Once in 1980 and the othjerr 2011.
I think silver is well undervalued and think it could easy hit its ATH but this time will set a record new ATH.
Ive kept my anylisis simple on this one, just basic support, resistance, trendlines and moving averages.
So firstly the measured move from 1976 to 1980 played out from 1995 to 2011.
I now have set 2 more measured moves, the big one in green and the smaller one in blue.
The small measured move would take us to $50 ATH but then with a retrace its probable that it will hit new ATH.
But a bit of confluence would be the 200 MA it is trading above it and the moverages averages are getting tightly squeezzed, due a move up.
Another confluence would be the cup & handy thats been forming since the last ATH in 2011 its in its handle right now which looks to me is ready to break out to the upside.
As i always say this is all probability, and definetly not financial advice :)
Silver CDF's Bullish outcomeWhen it comes to commodities, silver always comes to my mind as an inflation hedge option.
Certain benefits Silver offers :
1) Inflation hedge: Silver has historically been used as a hedge against inflation. When inflation rises, the purchasing power of fiat currencies decreases, but the value of silver tends to increase. By holding silver, you can protect your wealth from the effects of inflation.
2) Diversification: Holding silver can help you diversify your portfolio. If you only hold stocks or bonds, you are exposed to market volatility and economic downturns. By adding silver to your portfolio, you can spread your risk and potentially reduce your overall portfolio risk.
3) Industrial demand: Silver is a key component in many industrial applications, such as electronics, solar panels, and medical equipment. As technology continues to advance, the demand for silver is likely to increase, which could drive up the price of silver.
4) Limited supply: While the supply of silver is not infinite, it is much more abundant than gold. However, the mining of new silver is becoming more difficult and expensive, and many silver mines are reaching the end of their lifespan. This limited supply could drive up the price of silver in the future.
5) Tangible asset: Unlike fiat currencies or stocks, silver is a tangible asset that you can hold in your hand. This can provide a sense of security and stability, especially during times of economic uncertainty.
Silver squeeze. 43 Dollar SilverHold your horses! Silver looks as if its ready for a squeeze ! I predict an impulse movement creating silvers ATH any day now. 80 dollars, however i do not think it will sustain there long, most likely finding a bottom of 43 dollars. Then up to 111 dollars peaking impulse around mid-to-late June.
DeGRAM | Silver pullback from resistanceSilver reached the resistance level at 23,00.
If the market makes a double top or pinbar the resistance at 23.00, we can look for selling opportunities.
We anticipate a short-term pullback from the resistance.
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Bullish silver ideasilver looks primed to shoot up to new highs and follow gold as the true dollar/markets hedge.
Silver - Are you ready? Hi, this is my new update for Silver. This week we got a big green weekly candle (+10%). We lost a big support level 2 weeks ago around 21.50$ and now we are above it again, I think that was beautiful bear trap. Right now we have smashed all daily and weekly moving averages and we are getting back the bullish momentum on daily chart. Another thing that is bullish in silver chart is that we are in a bullish expanding triangle and I expect we are going to break both the trendline and the the resistance around 24.40$ on this wave.
SILVER - Waiting for a Breakout...
On The Daily Time Frame The XAGUSD Price Reached A Major Key Levels !
Currently, The Price is in forming a head and shoulders pattern.
So, I Expect a Bearish Move 📉
i'm waiting for a Breakout in Neckline ...
TARGET: 20.308🎯
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Silver's Price Outlook: Targets for Uptrend and Downtrend ScenarThe resistance level at 67160 is a critical level for silver's trend, as it will determine whether the current uptrend will continue or a downtrend may be expected. If the price manages to break and sustain above the resistance level, it suggests a continuation of the uptrend, with potential upside targets at 68360 , 68760 , and even as high as 69300+ .
However, it's important to note that these targets are not guaranteed and depend on the price's ability to overcome the resistance level. On the other hand, if the price fails to break above the resistance, we may expect a potential downtrend. In this scenario, downside targets may include 65600 and 65060 below the critical resistance level.
Silver m15 short m3 entry Intraday ideaPrice made impulse move at beginning of NFP on Friday
It gave us 3 drives up, and then broke down into an impulse,
leaving a FVG on the m3 + relatively equal lows @ 20.370
The FVG coincides with the 2nd drive up, or previous high from the highest high
I am looking for price to fill the FVG and then take the sell side liquidity
possibly during asian session tonight, or during London/NY 3/13
DeGRAM | Silver a trend continuation opportunitySilver dropped from the resistance, and it created a descending channel.
Price action pulled back to resistance and fibo level.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a trend continuation trade.
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We now wait for NFP!We now wait for the NFP!
Here we have the silver chart in-front of us!
We are currently within the range of lows: 19.800 highs: 20.450, Pattern: Triangle/ Bear flag
If we are to go above key resistance area and above 50EMA + TL resistance I expect first target to be 20.750 areas and then 200 EMA areas which is around next resistance zone of 21.400. However, we are to decline with a strong NFP, I expect 19.500/400 to be your target areas.
Regarding NFP checking the other data as well, see the differential of it and is it at a vast numeric change.
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