Bullish on Silver in 2023$SILVER reclaimed critical level and now we are waiting for the retest or confirmation through continuation.
NFA, but these are my thoughts here:
If you are in a trade, let it ride and look for exhaustion on EMA or RSI
If you want to open a trade, check for retests and significant levels to be touched.
On the Chart:
* Key Levels with Text in Green and Yellow
* Pink Plot: 200 day EMA
* Orange/Grey Cloud: EMA 21/8 Cross Trend Follower
In Panes below:
* Awesome Oscillator
* KzX RSI showing Divergences
Silverlong
SILVER (XAGUSD) - LONG Position - SwingI am going long on XAGUSD (Silver).
My Elliott Wave count points me to a C leg in an Impulse or Diagonal as the next possible move.
XAGUSD Long - Technical Analysis:
- ABC (Minute (orange)) sequence
- Bullish Bat Harmonic
- Bullish Divergence
- 78.6-88.6% Fibonacci Retracement of Minor A (white)
- 161.8% Fibonacci Extension of Minutes A&B (orange)
Silver Buy Orders - Trading Signal:
Entry @ 18.10
SL @ 16.40
TP @ 20.00 / 21.40 / 21.80
SilverGBP Stack it Prior to a reversal, Powell will increase rates by 0.5 on 12th December. The bear trap!! A black swan event is in play. Everything will be crushed, and they will buy it back for pennies. With a bad scenario, silver could drop to $14. The real wealth lies in gold and silver. The modern world is not the place for your paper money.
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!
XAGGBP All pointing in one direction You are aware that the silver paper market is a fraud. The exchanges and computers are under JP Morgan's supervision, so when they deem it appropriate, the price will rise. Silver is undervalued and is manipulated, as we all know.
Physical premiums will certainly skyrocket. If you don't hold on to your silver, it belongs to someone else. Similar to cryptocurrency, keep yourself secure.
UK is about to collapse, and unfortunately the pound died with the queen. There is a system in place that aims to reduce economic freedom. Your money will first be destroyed. Keep gold and silver on hand to safeguard your wealth. They have endured throughout time.
Silver : $100 $200 $500 ? be ready
A Silver Cup & HandleAfter the completion of a bullish ABCD harmonics pattern on daily chart, the XAGUSD pair has started to form higher highs and higher lows (a bullish rally).
Recent indications of a Cup and Handle pattern further supplements the continuation of the bullish rally (buyers are advised to buy on the breakage of parallel channels)
SILVER BULLISH PATTERN EMERGINGXAGUSD is in the process of formatting a rising wedge pattern on the daily graph which might give a bullish momentum for the instrument in the next couple of days. The weakening of the dollar is also making investments in precious metals more desirable for the investors.
RSI indicator is strongly confirming the outlook, being above the 50 neutral line, the confirmation of MACD is weaker, with the histogram still below the 0 value, but still rising.
If this trend continues, the price of the instrument might try to reach levels of 21.725, but on the other hand, if the trend reverses, the price might test its previous support at 21.333
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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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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 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.
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 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 (XAGUSD): Key Levels to Watch Next Week
Hey traders,
What a bullish move on Silver on Friday.
Here are the key levels for you to watch next week:
Resistance 1: 21.05 - 21.23 area
It will be the next goal for buyers most likely.
Support 1: 19.06 - 20.07 area
Support 2: major rising trend line
Support 3: 18.7 - 18.94 area
Consider these structure for pullback/breakout trades.
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