Silveranalysis
Silver.....BREAKOUT!!!Am going short on Silver after noticing a bearish breakout and retest on the 4H.....
As you might notice in the chart that trend line has been highly respected in the past.....am seeing a highly probable down move from the retest.....as am not God, I want everyone to observe good risk management......we are looking for 5.75R in Tp here so risk only 1% and use a good stop.and manage your trades on e its running.....LET'S GO!!!!!
SILVER (XAGUSD) Important Breakout & Bearish Continuation 🪙
Hey traders,
Silver remains under a strong bearish pressure:
the price broke and closed below a key daily structure support cluster this week.
The next support that is spotted is 17.0.
I believe it is the next goal for sellers.
I will be waiting for an occasional retest of a broken structure to short from there.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
XAGUSD Bearish ContinuationAs I elaborated in my previous idea regarding precious metal silver (see related idea) that tide is bearish for sure. We are witnessing a complete subjugation of the silver metal price to the USD. It tried to retest the last support region starting at 21.10 but miserably failed giving out an outrageous weekly bearish engulfing like Gold. What we are expecting is that the silver metal will retest the target zone 1, starting at 18.50 and ending at 17.10, Breaking here we can be expecting 15.xx and lower, extending to lower target zones. Apparently, that dragonfly doji on monthly timeframe for the month of July, 2022 means little for now.
As for my fellows thinking that "Bulls might appear at any time", it is unlikely to happen before at least it touched 18.5. Please take care of your capital and always follow the trend.
Trading suggestions:
1- We might see a little correction at this point, since we had a fairly large bearish engulfing marubozu on weekly
2- The most probable level ahead is 18.1-18.5
3- We are not sure if we might get to see double bottoms at 18.1-18.5, therefore, make no assumptions that it might be heading lower before the decision of yearly lowest price is made i.e. 18.13
4- If 18.13 is broken, we might see lower 17s very soon
5- Avoid long positions
6- Ensure proper risk management
Happy trading and Happier profits :)
XAG/USD - Silver Next Move 25 - AugustXAG / USD ( Silver / U.S Dollar ) Technical Analysis Chart Update
Time Frame - M30
According to the Pattern it is Following the RISING WEDGE and its rejecing from the Lower Trend Line #LTL
Another reason for Sell is ELLIOT WAVE it has completed the Impulsive waves and Making its " B " corrective wave after that it will follow Sell trend to complete its " C " corrective wave and its possible that it will reject from the Fibonacci level 78.60%
If it rejects with the Strong Bearish Price Action it will be Good for Sell
MONDAY OVERVIEW - Long Term and Intraday Setups on INDEX and FXHi Traders,
This is my view for this week on:
- SPX500
- NAS100
- CHFJPY
- CADJPY
- SILVER
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
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SILVER (XAGUSD): Breakout & Bearish Continuation 🪙
Hey traders,
Silver broke and closed below a key daily structure support area on Friday
the broken structure turned into a strong resistance now.
I will expect a bearish trend continuation to 18.43 level next week.
For entries, consider an occasional retest of the broken structure.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Silver at pivotal point! Will it drop further?!Silver is down 7% over the past 5 days, we're at a pivotal point of support and breaking out of the channel may indicate a trend reversal. What do you think is next in store for this precious commodity?!
XAGUSD (1W) - Silver could be good bet against inflation ? Hi Traders, Investors ...
You probably already look for some places (assets) where to invest or Hide from rising inflation to protect your money.
Silver could be good (above average) bet. Lets see if it unfold as I think. If so, then I will take long position around 18 USD for several months / 1-2years.
Trade/invest safe, take care and enjoy the ride.
SILVER XAGUSD SHORT SETUkist OANDA:XAGUSD
Silver ran up hard to close the week. The 10R shows the
supply and demand zones as well as RSI pivot and the volume
profile.
Essentially Friday afternoon's close forms a double top
with the high from the previous morning generating
a reversal pattern.
I think Silver is due to correct and reverse.
For the short setup, I will set a stop loss just above
the recent high of Thursday morning while targetting
just above the top of the support zone
This offers a narrow stop and a high reward for the narrow risk.
P lease comment offering your opinion. Thanks !