GOLD - W patternHello hello! Today we have some nice Ws on many metals, the one on Platinum is already completed, so we could expect a completion on Silver and Gold as well!
Silveranalysis
Is Silver preparing for long bull run?Comparing the last 50 years of the Silver chart along with the 80's market top along with the 2011 market top. We can see a clear cup and handle 42 years in the making.
Price action is laid over 2 indicators
The Extended Golden Ratio Multiplier
The CM Ultimate MA MTF
The focus of this chart is the pink fib line of the Multiplier and the green & red CM Ultimate MA. I have the focus area circled with what seems to be the interesting point of the chart and indicators. In 1987 the price of silver tired to push back through the MA lines but was rejected and in 89 the pink line followed and kept falling. in 2019 and 2020 try's the same move but this time price action pops through then corrects and so far seems to have found support on the MA lines. At the same time the pink line is crossing the now red CM Ultimate line which historically has happen every time price action has made moves up for months and months afterwards.
We also cannot skip or not touch upon the Dragonfly doji caused in the first half of 2020. This too is usually a very indicator that price action could be moving up over the next few candles and beyond.
Although Gold to me is showing some signs of weakness, Silver to me at least from this chart looks like a very bullish for possibly next few years. Let me Know what you think down below.
Thanks for looking
WeAreSat0shi
Stay Blessed!
DeGRAM | SILVER long Silver is in the bullish trend .
Price action made a complex pullback and rejected the support level .
The market is trading ascending channel and we expect further bullish move.
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Short term S&H pattern on Silver INRCould give a quick move the neckline. Expecting Silver to make a higher high
Silver update A nice double top pattern in 4 hour frame
Looking for 20.4-20.5 today
Yesterday was a good play but we dont reach our target
Today will be easy target
GOOD LUCK
Silver update Iam already in profit sold the 22 area 21 area my target still the same 20 $ or below
I believe we can drop
Am not a buyer every upside movement is for sell
Today target 20.500
GOOD LUCK
XAGUSD SHORT - REVERSAL COMING!Waiting for a pullback into 21.29082 to short XAGUSD back down to 20.05408
If you agree drop a like and if you have any questions leave a comment :)
Silver quick lookTechnically, silver will test strong support, as what it breached, we may see it again at 22 levels.
The four golden rules of trading
1 Don't be greedy
2 Always use stop loss
3 Never add other positions to the losing positions
4 Use a suitable lot for your account
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$SILVER - SILVER IS STUCK?$SILVER
Is in an Interesting Place right now.
Stuck between Resistance and Support.
What is its next move?
Must we get another move down, the blue line would be the optimal entry price.
#Silver
Check my Linked Idea to Gold/Silver Ratio, suggesting that silver might break this important resistance line.
Long Silver after reaching support zone.For next week, looking to see Silver go to Buy zone at 18.5 around.
After what we should see Bankers get long on Silver.
The perfect call will be with price falling on that zone...and they buy silver.
For the stop, it will be of course few pips lower that price failure or zone buy zone.
Buying via Future contracts 03-23, so I don't have to pay Swaps.
Silver update Bought more at dip and when it reach the target ill be a seller
It was a small trade , but it doesn't success.
Any way i believe the direction is down and my target still the same 20-19 .
When it goes up ill turn again to seller.
GOOD LUCK
Financial Wave. SilverOur view on silver remains the same. We assumed that the price would turn down from $22-22.5. The first downside target in wave (v) is $18. A rise above $22.50 cancels this scenario.
Silver update We take some profit leave the rest
I will buy the small correction wave
From blue line here to red lines
ILL UPDATE LATER
GOOD LUCK
Silver Levels & Strategy for next few daysDear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Sagar Bhai, Silver had an excellent run in last 1 month from below 55K level to 63K plus level. Silver has made LH-Lower High pattern on chart, trading below VWAP. Showing sign of tiredness after decent up move. Silver is likely to consolidate or correct from this level. This is a good time to book profit. 59000 to 60000 should be good range to enter in long position for few months. We are likely to get a chance near next US FED hike when US Dollar Index will get stronger. Please review & share your thoughts as well.
Silver showing upside to $24.02 due to Triple BottomSilver has formed a Triple Bottom and is above the 200MA.
These are all bullish signals for a trend reversal and is likely to shoot up.
First target is around $24.02
going short on silverprice couldn't break the descending channel yesterday which confirms the bears are still in control..
Silver update Bearish on silver , looking over sold and going down to 21 area (red lines )
We sold the 22$ I toke my profit .
Added more today
GOOD LUCK
Buying Silver at trend of higher lows.Silver - Intraday - We look to Buy at 21.62 (stop at 21.37)
Dips continue to attract buyers.
Bespoke resistance is located at 22.69.
Due to an Ending Wedge formation, we continue to treat extended gains with caution.
The trend of higher lows is located at 21.53.
Bespoke support is located at 21.62.
Preferred trade is to buy on dips.
Intraday signals are far from strong.
Our profit targets will be 22.36 and 22.56
Resistance: 22.24 / 22.69 / 23.00
Support: 21.62 / 21.53 / 20.78
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Silver-XAGUSDThis is an opportunity for professionals.
According to my analysis, the trend is still bearish.
FOMC is an important news that has a big impact on the price of symbols.
In my opinion, this time will cause more icons to fall.
Follow me, like, comment, and any questions.
Caution today has important news so observe the money management .
Silver update Who sold the the top with me ( congratulation! ! )
We may now reach to 20 minimum target
Further if we break 20$ then we go to 19$
This week is for seller
GOOD LUCK
Silver vs CPI numbers !Silver confirm ( bearish rectangular)
CPI TOMORROW
if someone think i hate silver , he is absolutely wrong .
TREND IS YOUR FRIEND
Rectangular bearish pattern mean we can go down same percentage of consolidation range percent
CPI with 75 ppt rise 18 $ in silver is normal
Good luck all!
Silver updateSilver going down to 20 first target
I think a sort of pullback then continuation down to 19
Iam still seeing the 17-13 mid term target
Its 75 ppt rise ( inflation is high)
GOOD LUCK
Silver update (read below)Silver goes up today in down movement of DXY.
However , i believe next target is 22 where it can be rejected down to 20-19
Any ways there will be no upside more than 22 this week and the coming week .
Ill short the 22 $
GOOD LUCK
