░🔮░SILVER FORECAST | 1W ░🔮░COMEX:SI1!
Eve is out sick right now (I temporarily broke her during an update). So I am posting solo no Eve, no Gordon.
I placed layed this forecast out in May when I posted this 30 day forecast. That played out here:
So far this one is looking good and very accurate.
What do you think? Will this forecast play out? Will we see (around) double the price in Oct 2023?
Silveranalysis
SILVER (XAGUSD) Potential Pullback 🪙
Silver reached a peculiar confluence zone yesterday.
We see a perfect match between a horizontal demand zone and 382 retracement of the last bullish impulse.
I expect a bullish movement to 19.62
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Silver view Silver will go down sooner or later (Fact)
First , dollar still not finished it run .
Second , false candle in monthly , weekly ,daily (mentioned above )
Third , raising rate and rightening .
Forth , chart pattern shows we must retrace the same percentage of consolidation
Any ways if we dont cross 21 $ dollars we will come back easily to 18 $
Thats my over all view
GOOG LUCK
Silver update Its ok to have a wrong trade , but not to stuck in trade is more important .
We sold 18.6-19 $
It will come back again one week maximum and then we collect profit when it reach 17.5 $ minimum low target
21 $ can be a target in Monday session
We will buy up to 20-21 maximum ill inform and update .
GOOD LUCK
Taf's Gun to the HeadTrade Idea : Buy Silver at market
Reasoning: Medium term trend line stretching from 1 September was resepected multple times and we could respect it again now.
Entry:18.446
TP:19.000
SL:18.199
RR:2.24
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Silver over view Before its formed a head and shoulder pattern and its look like inverse pattern now .
Two scenario here :
First , we go to 19 area and drop so its consolidation pattern .
Or we go up to 21 as its reverse head and shoulder pattern .
Otherwise , if it drop bellow 17 it will go to 14 $ sooner or later .
GOOD LUCK
I THINK BUYING HERE IS GOOD ALSO