Silverforecast
SILVER (XAGUSD): Important Breakout
I see a confirmed structure breakout on Silver.
The price broke and closed below a key daily support cluster.
Retesting the broken structure, we see a positive bearish reaction to that.
I think that the fall will continue.
Next support - 29.1
❤️Please, support my work with like, thank you!❤️
SILVER XAGUSD Bearish Side Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist Silver Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan,
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Silver at the top of a channel?Silver has been trading traditional fib longs and and extensions in this big bull runup. However, we are very overextended, trading well in excess of big support over the past two days. We are also at a potential top in terms of it trend channel. The risk of a decline in silver is significant, and unlike gold which gives you a clue on the fifteen minutes charts, silver could simply start falling and keep going. Given the lack of bull fib support, I think this is a good spot to take profit and enter a small short position. There is a good chance that we begin the down leg of silver here.
Be second will be more profitable - Time for SilverAfter make 29 peak, I have been thinking of short since 28.5 and take 2 short. It can be buy on 26.2 as spot. I care about the 25.5-24.5 area as pos. The last place I would try would be the 23.3. I think it will outperform gold and give better results on the rise.
Buy more silver be result
SILVER MORE BULLISH TILL 35$ IN 2024HELLO FRIENDS
As I can see silver hit all time high 30$ in this bull run and now retrace we are expecting a new ATH in Silver with the fundamental and technical views all dose Time matter Friends chart is crystal clear for entries on this pair for more info Stay tuned.
Share Ur thoughts it helps many traders.
Up to 207% gains in SilverSilver has given a strong impulsive break out from the long term trendline resistance after long accumulation phase.
Big volume candles since July 2023 confirm healthy accumulation by strong hands.
Currently price is in Primary Wave 3 which can end somewhere near 66 level. A potential gain of 135% by end of this year.
Wave 5 target is around 87-88 levels which can be achieved by the end of 2026. Around 207% gains from CMP within 3 years.
Do your own due diligence before taking any action.
Peace!!
Silver 2 Year Wedge Breakout Looming?Silver is at a critical point in it's chart. With gold breaking to new highs, Silver has underperformed but has rallied alongside the yellow metal. Now we are at a critical stage that can see silver breakout of its flag and continue it's bull trend. The indicator that I love to look for longer-duration breakouts is the slow stochastics, specifically, when it becomes embedded or stuck on one side or the other side at the extremes. The last embedded nature for Silver on the daily chart occurred a year ago, late March 2023, that saw price on silver rise from 19.90 to 26.50. For three weeks, slow stochastic was embedded. We are at that point again with this rally. We are also at resistance from the wedge pattern. While I do think we can trade down in the early part of this week, I'm looking for support and a rally to kick us back into the overbought range and embed or "lock-in" price action. Gold has already embedded. I'm looking for silver to do the same and get us through the topside for a breakout.
"Silver's 44-Year Cup and Handle Formation"Silver: 44-Year Cup and Handle Formation Points to Bullish Continuation
Silver, a timeless asset with a rich history, is capturing the attention of investors as it forms a 44-year cup and handle pattern, signaling potential bullish continuation. The current compression of the handle, coupled with a bullish pennant setup, suggests that a breakout could herald the onset of the next major bull cycle. Let's explore the dynamics of silver and the promising prospects it holds for investors.
Understanding Silver's Cup and Handle Formation
Silver's cup and handle formation is a classic technical pattern characterized by a rounded bottom (the cup) followed by a consolidation period (the handle). This pattern typically signifies a period of accumulation and sets the stage for a potential breakout to higher levels. With the cup spanning 44 years, the formation holds significant historical significance and suggests a prolonged period of bullish sentiment.
Compression of the Handle and Bullish Pennant Setup
Currently, silver's handle is undergoing compression, indicating a tightening range of price movement. This consolidation phase is often accompanied by diminishing trading volumes, reflecting indecision among market participants. Additionally, the formation of a bullish pennant within the handle further reinforces the bullish bias, as it typically precedes a continuation of the prevailing uptrend.
Breakout Signal for the Next Major Bull Cycle
A breakout from the handle's compression zone is anticipated to signal the beginning of the next major bull cycle for silver. This breakout would validate the cup and handle pattern, confirming the bullish continuation thesis and potentially unleashing a significant upward move in silver prices. Traders and investors alike are closely monitoring key resistance levels for signs of a decisive breakout, which could mark a pivotal moment for silver markets.
Conclusion: Positioning for Bullish Momentum in Silver
In conclusion, silver's 44-year cup and handle formation, coupled with the compression of the handle and bullish pennant setup, suggest that the precious metal is poised for bullish continuation. As traders await a breakout signal for the next major bull cycle, strategic positioning and prudent risk management are essential for capitalizing on the potential upside in silver markets. With the historical significance of the pattern and the technical indicators aligning, silver enthusiasts are eagerly anticipating the next chapter in its enduring journey as a sought-after asset.
SILVER 4H : Support further rise upSILVER
New forecast
The price perfectly fulfills my last idea and price reached to our targets.
The price of silver ended yesterday's trading with a noticeable positive note, confirming the breach of the 23.00 level, reinforcing expectations of the continuation of the upward trend during the coming sessions, and the way is open to achieving the next target at 23.50 and 23.73 levels .
Therefore the upward scenario will be remain valid and effective during coming period , moving average 50 continues to support the proposed bullish wave, and the price may witness some sideways fluctuation, keeping in mind that breaking the 23.00 and then 22.60 levels will stop the expected rise and put pressure on the price to turn lower.
The expected trading range for today it will be between support 22.60 and resistance 23.73 .
Additionally ,Today News will affect on the market .
resistance line : 23.50 , 23.73
support line : 22.60 , 22.21
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Upside in Silver is Coming! Long Setup UpdateEarlier, I took an early long position on Silver as we were getting a trendline and 4 hourly resistance breakout.
Long from 22.79 or now.
Target 1 - 23.30 - Set stop loss to break even once T1 has been hit.
Target 2 - 24.05
Target 3 - 24.50
Extreme Target - 25.49
Stop loss - 21.80
Upside for Silver is Coming! Long Setup!I am taking an early long position on Silver as we are getting a trendline and 4 hourly resistance breakout.
Long from 22.79 or as close as possible.
Target 1 - 23.30 - Set stop loss to break even once T1 has been hit.
Target 2 - 24.05
Target 3 - 24.50
Extreme Target - 25.49
Stop loss - 21.80
Inverse Head & Shoulders for Silver in-playThe 4 hourly Silver chart is showing initial signs of a potential inverse head and shoulders pattern. With confirmation of this pattern, I will be looking for a long position at 22.50. My target will be a long position towards the 23.50 resistance and supply zone.
SILVER 4H : Support further decline SILVER
New forecast
The price of silver continued to decline, breaking the 23.00 level and closing the daily candle below it, confirming the resumption of the downward path in the immediate term, opening the way to head towards 22.60 and 22.23 as the next main target.
Therefore the downward scenario will be remain valid and effective during coming period ,The moving average 50 constitutes negative pressure that supports the continuation of the proposed bearish wave, which will remain in place provided it remains below the 23.00 level.
The expected trading range for today it will be between support 22.23 and resistance 23.50 .
Additionally ,Today News will affect on the market .
resistance line : 23.00 , 23.50
support line : 22.60 , 22.23
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️