SILVER 21May2023there wasn't much change/movement in silver last week, it's still in a correction period so there could be a sudden and quite high upward movement. I stay focused on opportunities to find areas to short.
Silversignal
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.
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BluetonaFX
Silver 14May2023the movement of silver looks bearish, but in my opinion this bearish is a correction from the bullish trend, this analysis will fail if the price drops more than the invalid area. we can take the opportunity to sell when the price of a possible correction rises in the SR Flip area
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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Silver/USD AB=CD Bullish Reversal Pattern - 1hr time frameAB = CD Harmonic Pattern formation has been observed which indicates an increase in the Silver Price (USD).
You can buy at 25.150 price point. Place a Stop Loss at 24.760.
Take Profit 1 @ 1:1 risk/reward will be 25.509 and Take Profit 2 @ 1:2 risk/reward, will be 25.890.
DeGRAM | SILVER in upward channelSilver is in a bullish trend.
Price is coiling up before expansion by creating a consolidation zone following bullish momentum.
The market is moving sideways, and we expect a breakout of the resistance and then a further bullish move.
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SILVER (XAGUSD): 3 Important Resistances to Watch 🪙
Silver is unstoppable.
The market keeps growing like crazy.
Here are 3 important structure resistances from where we may see a pullback.
Resistance 1: 24.28 - 24.63 area
Resistance 2: 25.82 - 26.22 area
Resistance 3: 26.7 - 26.9 area
Consider these structures for pullback / breakout trading.
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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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DeGRAM | Silver pullback from resistanceSilver reached the resistance level at 23,00.
If the market makes a double top or pinbar the resistance at 23.00, we can look for selling opportunities.
We anticipate a short-term pullback from the resistance.
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DeGRAM | Silver a trend continuation opportunitySilver dropped from the resistance, and it created a descending channel.
Price action pulled back to resistance and fibo level.
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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Silver: Profit can be made by short selling in this area
Time is fair. Whether you are lazy or hardworking, time will gradually give you the answer that belongs to you. Those who cherish time will be cherished by time!
Currently, the pressure on silver is concentrated in the 21.5 area, where short selling can still be repeated. Silver has not followed the recent rise in gold prices, largely due to previous pressure. Currently, silver is more closely following the trend of commodities, similar to oil. After all, there will only be industrial demand in the later stages of economic recovery.
At present, it is still in a period of economic recession, so there is naturally no significant upward movement. However, after the stabilization of gold adjustments in the later stages, if they both rise simultaneously again, silver's rise will definitely be greater than gold's.
Furthermore, there is a possibility that the dark horse will continue to test historical highs in the future. Currently, short selling is still recommended at the 20-21 area with a stop loss at 22, and long positions can be tentatively initiated in batches near 19.5.
DeGRAM | Silver confluence zoneSilver pulled back to resistance level after a huge sell off.
If the market fails to break through the resistance at 23.500 and fibo extesion level, we can sell from the kill zone.
We anticipate a short-term pullback and even further movement down.
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silver will be falling in the next weekthe silver XAGUSD will have to make a correction to 21.20$ and maybe to the 21.40 area as well before the continuation of the downtrend to the 20.33 area. also, there is a great probability that the market can go down without making a correction!
that's what I believe. what about you guys? what do you think? tell me your opinion. do you agree or not .??
good luck traders !!
DeGRAM | SILVER downward channelSilver is consolidating at resistance on the higher timeframes.
Price action is moving in a downward channel .
If the market fails to break through the resistance level , we can look for selling opportunities.
We anticipate a short-term pullback.
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DeGRAM | SILVER descending channel testSilver is consolidating at resistance on the 4H, but it has recently dropped below it.
Price action returned to resistance and dynamic resistance.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a short-term pullback and a retest of the channel.
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Silver Uptrend MoveIn the silver chart on the daily timeframe, our trend following level is $23.50, but we can expect a drop to $22.10 at the daily close below this level. As long as it stays on the trend, the $25.50 target will hold.
DeGRAM | Silver shortSilver dropped from the resistance and broke the lower border of the channel.
Price action pulled back to resistance and the trendline.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a short-term pullback and breakout the channel.
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CFDS ON SILVER52-Week High 27.500
14 Day RSI at 80% 25.112
Pivot Point 3rd Level Resistance 24.219
23.890 3-10 Day MACD Oscillator Stalls
Pivot Point 2nd Level Resistance 23.719
23.642 61.8% Retracement from the 52 Week Low
Pivot Point 1st Resistance Point 23.379
High 23.220 High
1-Month High 23.220
13-Week High 23.220
Last 23.038s Last
14 Day RSI at 70% 22.958
22.879 Pivot Point
22.696 14-3 Day Raw Stochastic at 80%
Previous Close 22.637 Previous Close
DeGRAM | SILVER long Silver is in a bullish trend.
Price is coiling up before expansion by printing lower highs and higher lows.
The market is moving sideways, and we expect a breakout of the resistance and then a further bullish move.
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DeGRAM | Silver divergenceSilver double topped at the resistance.
Price action shows a divergence in the daily and 4H timeframes.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a short-term pullback.
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Silver Analysis 06.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
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
