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Silveranalysis

Silver- Obvious Head and Shoulder pattern, with great potential!Hi guys, today we are overlooking Silver (XAG/USD) with some great Technical analysis. Currently the overview is on a 1D time frame making this opportunity Mid-Term as to how much time we would expect it to reach it's destination. Currently as we can see on the chart there has been a perfect formulation of the typical Head and Shoulders pattern. Additionally I would say on a shorter term the overall price has entered and formuilated a Descending Channel, which boost's our confidence in the price action that we are expecting. Additionally we are looking into the fundamentals so we can get the extra confidence in the price action that we are targeting. Entry: 29.31 Target: 26.60 which is just above the Strong Support Level Do let me know what you think about this analysis in the comments and what is your overview on this great Precious Metal.
TVC:SILVERShort
by DG55Capital
Unveiling the Path: Silver's JourneyHello Traders In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET today XAGUSD analysis 👆 🟢This Chart includes_ (XAGUSD market update) 🟢What is The Next Opportunity on XAGUSD 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
OANDA:XAGUSDLong
by ForexMasters2000
Is silver about to go BONKER!!??Good Day, Fellow traders and followers, IS SILVER ABOUT TO TO GO BONKERS?!?!?!? This chart is kind of busy, I don't normally make busy charts, but there is so much going on in this monthly chart. Lets dig in!! First off, lets start with the price action, it has clearly broken through resistance (blue line). Also, the price action is in a purple cup, that's actually the handle of the GIANT 40 YEAR cup and handle it has been in. The green lines are the support and resistance areas. Also I have added what seems to be a pattern of 50 bars bottom consolidation that does also happen to resemble a Wyckoff a pattern before a break out. Lets move on to the indicators RSI - I have drawn in a support band for the silver RSI. IT really likes the 46, 50 to 55 level before a break out. Going below here is either very bearish or the best buy in bull market. STOCHASTIC RSI - has had a massive cross recently on which chows momentum coming in to this market. RSI 3 LINES - WOW!! This looks like a serious power play for silver, ever since the RED line crossed down through the GREEN, it found support on the blue and turned right back up in big way!! Also it look like the BLUE could follow suit very soon which would confirm bullish movement for this asset as all the colors would be aligned. THE LAZY BEAR - This one is kind of a no brainer. Breaking out above and holding the 0 level usually leads to big moves higher!! ASO (SENTIMENT) - It looks like there is a 50 bar pattern here and within it could be another 12 bar pattern right before a break out. Please keep in mid every bar is monthly, so what might seem like a small pattern could be a year long. I want to add, I do believe there is a fairly substantial move coming to silver. I'm not sure where it would be going to0, however I do know that the last true resistance is at aprox $35 usd Getting above that on a monthly level could or should lead to NEW ALLTIME HIGHS in short order well above $50 usd to possibly $70 to $80 before a correction. Any Correction at that point would be considered a buying opportunity !! Please like and share this chart to all silver lovers! Also, any questions or comments are welcome down below!! Kind Regards, WeAreSat0shi
TVC:SILVERLong
by WeAreSat0shi
1
Silver Sell-Off Alert: 10% Drop Dead Ahead● After hitting a high of $34.87, the price entered a notable consolidation phase, eventually created a Head & Shoulders pattern. ● Following the breakdown from this pattern, the price also fell beneath its trendline support, paving the way for a more significant decline. ● Immediate support is anticipated at the $27.8 level. ● If the price drops below this threshold, it could plummet to $26.5, representing a 10% decrease from the current position.
OANDA:XAGUSDShort
by NaranjCapital
Deeper Lows Ahead Before Reversal in SILVER ? Elliott WavesThe chart suggests a potential downward trend for Silver to complete wave (C) Blue of wave ((4)) Black and then wave Uptrend ((5)) Black. Elliott Wave Structure: The chart appears to be in a corrective wave structure, likely a Zigzag. The current position seems to be within a corrective wave ((4)) Black in which wave (A) & (B) are completed and now we are unfolding wave (C) Blue of ((4)) Black. Inside wave (C) we had completed wave 1 & 2 and now we are unfolding wave 3 Red in wave (C), post wave 3, we have to unfold wave 4 & 5 Red to finish wave (C) Blue of wave ((4)) Black. Potential Scenarios: Downside: If the downward trend continues, the price may reach Fib extension level where wave (C) equals with wave (A) and some times may goes towards 1.236 Fibonacci extension level. Post completion wave ((4)) Black, we may see Reversal towards new Highs to finish wave ((5)) which generally goes beyond wave ((3)) High. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
TVC:SILVER
by RK_Chaarts
1
SILVER IS BULLISH TO $34!Silver Long / buy idea On high timeframes monthly & weekly silver is bullish and currently at a higher low which also aligns very nicely with a strong support level which is being rejected. On the daily timeframe the SMA's have crossed and the market does look to have pulled back and is currently rejected that price level which is good confluence that the trend is changing on the lower time frames to a bullish trend, which again is confluence of a bullish market due to the overall trend being bullish as shown on higher time frames On the daily & 4hr the fib also aligns very nicely with other technical factors, the market has touched the 61.8% retracement level and looks to be rejecting that area. The fib gives a target price of $34 which is slightly under the ATH. I would st stop at around $29 to give some protection from the support level, if price does pull back down then the support is there to act as a barrier to rebound the market and stop us from bing stopped out. 1:4 RR on this trade with a potential 12% ROI.
CAPITALCOM:SILVERLong
by h77nry
SILVER possible longs2024/12/11 M1 : Currently Bullish tapping into the demand zone W1: MSS towards bearish side D1 : Bullish 4H : Consolidating Narrative : Overall Monthly leg is bullish > Weekly is currently Bearish > Daily has shifted from bearish to bullish probably retracing towards the weekly premium zone > 4H is currently consolidating > when 4H turns bearish and comes towards the D1 fresh OB we can look for the long trade Case 2 : Price has already tapped the weekly premium zone and IMB, so if the 4H doesnt show any reaction on 4H and do a MSS on daily leg we can look for short trade too.
TVC:SILVERLong
by nptrade24
Unveiling the Path: Silver's JourneyHello Traders In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET today XAGUSD analysis 👆 🟢This Chart includes_ (XAGUSD market update) 🟢What is The Next Opportunity on XAGUSD 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
CAPITALCOM:SILVERLong
by ForexMasters2000