Silvershort
Silver Has Broken Below the Flag
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Hi Traders, XAGUSD on D chart has formed a Bullish Falg and has broken below the Flag by a large red candle. I am expecting to go lower to 24.11
⬇️Sell now or Sell at 25.84
⭕️SL @ 26.81
✅TP1 @ 24.11
✅TP2 @ 22.6
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Silver- New leg down soon?After proving 28 zone as a strong resistance, Silver has started to roll back just to find 25.50 zone as support.
One month of consolidation followed and at this point, XagUsd looks ready to break down.
23.80 support could be bears target and Silver back above 27 would negate this scenario
Silver: Long Road Ahead! 🛣️🛣️🛣️For the beginning weekend, we would like to share our long-term outlook for the silver market. Here, we expect the price to fall all the way down between $18.62 - $13.70. The first major hurdle will be to leave the triangle at $25, as there is a 40% that the curve turns around there and starts the alternative breakout scenario which would bring the price up above $30.35.
Have a pleasant weekend!
Silver: Bearish Comeback! 🧸🧸🧸The bears have returned to the silver market and are finally working on realizing our primary scenario. We expect the silver price to drop under $24.04 and stabilize there before further moves down south are going to follow. In detail, we expect the price to fall between $18.62-$13.70.
Happy weekend!
SILVER forecast - went into correction mode and might extend furSilver is witnessing quite a huge dip today,
opened gap down below the support area, seeing further massive sell-off , this correction might extend further as i see a probability of cypher pattern on the daily chart and the support of cypher pattern also aligns with weekly support around 64810- 63000.
Hence , even if we se any rally in the coming trading session , it might get consumed in another selloff.
Conclusion : short term trend is definitely bearish, but intermediate and long and long term trend is still bullish, so as a investor one can wait for 65000 - 63000 levels as an investment zone.
SILVER Bearish Bias! Sell!SILVER is retesting the horizontal resistance
After breaking the rising support line
Which makes me bearish
And although there is still some room for it go up
I think that it will fall eventually
To retest the lower demand levels
SILVERMarket makers are trapping a lot of people pretending that silver is in uptrend but actually this is part of the market cycle. As you can see after breaking the accumulation phase we got fake move to the downside which traps all low shorts and moved away from this zone. After that we shift from this zone with momentum to the upside which induce traders to take long positions. I am waiting for another stophunt to the upside before the SLV to start going in to the real direction. Follow me for more ideas.
Silver- Can drop to 25For 2 months now, Silver is trading in an ascending channel, but once it reached 28 zone, a false break occurred which can be an indication of a top.
Trendline support is not broken yet, but a break here could accelerate losses and 25 could be bears target
Silver - SHORT; SELL it here!!All the PMs but especially Silver is a Major SHORT here, with a Low-risk Entry!
A Bullish G/S and a likely USD reversal here - even if potentially limited in scope - should underpin a substantial decline in all the metals, from these levels.
Charts like this are no help, either! (Stock market forced liquidations have a tendency to spare nothing and no one, not even the PMs - at least initially.)
Silver MCXLooking Bearish,
All the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
silver - xagusd analysis - short opportunity silver - xagusd analysis - short opportunity
waiting for confirmation " rejrction " in smaller timeframes and starting selling silver .
NFP = Guaranteed VolatilityUpdated Silver chart, not so important to do technical analysis now since fundamentals are stronger:
Fundamentals= NFP= Non-farm Payrolls (google it, I am not a big typer, sorry)
Good NFP= Many jobs= Great news for the US economy and the dollar = Dollar higher = Gold and Silver lower
Bad NFP = the opposite
What will happen? Well I wish I knew, I would know what to trade today..
positive sentiment, most likely will be positive (65% chances)
PS. Biden will talk today, 2 hours after the event... smells like a TRAP but i like Traps because they are also opportunities
the FXPROFESSOR
XAU/XAG (Gold/Silver) - LONG; Ready to dump the Precious Metals!... Especially silver!!
The Monthly;
Silver (XAGU$D) Sell Trade (My View)Silver Nice Sell Opportunity Here:: SL $ TP Indicated On Chart.. You Can Choose To Hold For A DAY Or Two.. It Can Really Pay Out This One...
Silversilver is close to resistance area given that price failed to break out all times high i assume there is no longer a bullish attack which means we might have a retest on suppot
Silver Trade SignalHello Traders
Welcome back to Silver Chart.
Please read the chart carefully to implement the idea on your trade.
If you Have any questions please comment below.
Thank you and trade safe
