DeGRAM | Silver at the reaction zoneSilver dropped from the resistance and broke the lower border of the descending channel.
If we look closely, we can see that the price is near the reaction zone. It bounced off this level multiple times.
If the market fails to break through the resistance level, we can sell at that level.
We anticipate a breakout of the channel and further bearish moves.
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Silversignal
#SILVER: A strong sell off expected! Dear Traders,
OANDA:XAGUSD a strong sell off is expected on silver this week. Firstly because recently price have been overbought and there is going to be ' a strong bearish impulse' due to adjusting he market equilibrium. Secondly, the NFP and other strong news that can affect the silver future price significantly.
We will have to keep close eye on the price action if price does not respect our zone then the idea will be automatically invalidated. we will update on this as we progress.
SILVER 4H : Still bullish SILVER
New forecast
The silver price tested the 22.77 level and maintains its stability above it till now , noting that the price attacked that level many times and couldn't stabilized under it , waiting to stimulate the price to resume the upward wave that aims to test the 23.35 level initially, remembering that breaching this level will extend the upward wave to reach 23.49 but first its possible to retest to 22.98 and then will rise up .
Moving average 50 still continues to support the suggested bullish wave, which will remain in place provided it remains above the 22.77 level, stabilized below the 22.77 will postponed the bullish attempts and put the price under sell pressure to visit the previous main support zone which is 22.50 level .
The expect range trading for today it will be between resistance line 23.35 and support line 22.79 until stabilized .
Additionally ,Today News will affect the market .
support line : 22.77 , 22.50
resistance line : 23.35 , 23.50
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DeGRAM | Silver short from kill zoneSilver is approaching the resistance level and the 50% fibo level.
The market is in a bearish trend; it's making lower lows. Price dropped from this level.
We anticipate a short-term trade from the kill zone.
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DeGRAM | SILVER longSilver price went down and tested a major support zone.
Price action is likely to consolidate at that level.
The market reached the demand zone, where the price made a sharp bullish move.
Price action created an engulfing candle at the support level, an indication of potential upward momentum.
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Silver- Will it drop another 1k pips?Since last Friday's high and strong reversal from 23.50, Solver has dropped 1500 pips.
Like in Gold's case, bulls were unable to recover some of the losses and XagUsd is consolidating in the support zone at 21.
Here we could also have a new leg down after the consolidation and the obvious target for this drop (swing trading) is the next support at 20, so, 1k pips under the current level.
I'm bearish as long as the price stays under 21.50 in terms of daily closing.
silver ( xagusd ) Long Term Trading IdeaHello Traders
In This Chart silver HOURLY Forex Forecast By FOREX PLANET
today silver analysis 👆
🟢This Chart includes_ (silver market update)
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SILVER Analysis 30July2023With the formation of a new LL in the wave structure, it is certain that the possibility of greater bearish continuation. It is possible that currently a complex correction wave is formed to determine the wave (2) where Wave 2 is always a correction wave. If you want to do a short, you can do it when the price approaches LH
Silver Fibonacci Analysis 03/02/2021simply showing the power of Fibonacci
we had seen a Bullish Divergence and Hidden Bullish Divergence on MACD and by the confluences of 4 Fibonacci tools (Retracement, Extension, Projection, Time Zones) in an ascending Chanel...
So we are
Speculating...$$$
A TP Zone Starting from 39.43$ to 41.16$
a Safe and Sure TP can be 39.43$
It is a Swing Trade and it Shall take Few weeks time to develop.
I am expecting the TP to happen at middles of April 2021,
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DeGRAM | Silver a trend continuation opportunitySilver dropped from the resistance, and it created a descending channel.
Price action created a resistance and a fibo level as confluence zone.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a trend continuation trade.
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DeGRAM | Silver deceleration at resistanceSilver is decelerating while approaching the resistance level.
The market shows massive divergence on the 4H timeframe and pinbars.
We anticipate a short-term pullback and even further movement down if price breaks and closes below the ascending channel.
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Silver Ready for Giant BreakoutSilver made a symmetrical triangle formation from 1988 to 2004 and broke this formation in 2004.
Its peak and order block in 1983 worked as resistance in 2006 and as support in 2008 and 2020.
I think the peak Silver did in 2011 was an order block too. The reason for this is that this order block was rejected in 2012.
The symmetrical triangle formation it has made since 2009 is also in the critical region now.
I can say that I am waiting for the scenario of breaking up of the symmetrical triangle. I think that the scenario that will emerge after this break will be similar to the 2004 - 2012 scenario.
DeGRAM | Silver short from kill zoneSilver is approaching the resistance level and the fibo level.
The market is in a bearish trend; it's making lower lows.
We anticipate a short opportunity from the kill zone.
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BLUETONAFX - SILVER CHART IDEAHey Traders,
Please see updated chart setup for SILVER.
TARGET 1 - 24.681
TARGET 2 - 25.097
TARGET 3 - 25.518
Price is respecting the SILVER PIVOT CHANNEL (OUR UNIQUE WAY TO DRAW CHANNELS)
As long as price maintains above this level we should see a test to our targets above.
We will trade this movement in stages from support to resistance and maintain a Bullish stance overall.
Please like, comment and follow to support us, we really appreciate it.
BluetonaFX
BluetonaFX - SILVER CHART IDEA - TARGET HITHey Traders,
As stated on last update that our target fell short by a few pips for the full range target so the gap remains open - THIS WAS NOW HIT.
We also identified a structural support level on the chart and expected further support tests to be held well to consider buying from support levels while targeting the open gaps above. ALL THE ABOVE GAPS ARE NOW FILLED.
We have a immediate target at 25.295 and a long range target at 25.696. - IMMEDIATE AND LONG RANGE TARGET BOTH NOW HIT AND C0OMPLETE
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BluetonaFX
DeGRAM | SILVER buy pullbackSilver pulled back against the bullish trend.
Price is trading in the ascending channel, and it made a higher high.
We expect a breakout of the trendline and then a further bullish move to retest the resistance.
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