SILVER, Meets a strong rejection of Price, LongSILVER, Meets a strong rejection of Price and Price action tells furthermore!
Silvertrading
Hi Ho Silver!
Silver has traded sideways for too long, and you know what they say! "The bigger the base, the higher the space". The gold to silver ratio has been on a gradual but steady downtrend indicating silver's outperformance. Based on my trend lines, it is checking back down from the upper end of the spectrum. This should give silver a boost and I think it is a sign of a comeback.
Janet Yellen spoke about the necessity for a very large stimulus bill, which will only weaken the dollar further and strengthen hard assets like gold and silver. Silver has more alpha and more upside potential. So if you are looking for an inflation hedge and would like more of a runway with more alpha, go long silver. I suggest playing it through SLV.
XAGUSD (SILVER) BUY ZONE !!! As i can see silver is currently trading above 25$ which is a great point to enter for buy's
it already break the Triangle zone on hit our tp on last posted analsysis but now it retrace and going to make a new high of 2021
mostly it moves with Gold Move and Gold is also @ strong support closed on since Friday
US INDEX (DXY) still have to drop more and many other fundamentally thing to move it to make a newer lower low
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PAAS Consolidation Wave: Can the Upward Channel be Reclaimed? $PAAS was on fire until mid-October.
It has since that point been sideways trading, albeit with a slightly downward channel to the consolidation wave. That is somewhat ominous, but it is equally as difficult to guess if $PAAS can (FULLY) reclaim the momentum it had earlier this calendar year.
While this trader has taken on a position on the notion that it does happen, saying how long this might take in terms of a wait, is a total crapshoot. Of course, being wrong with timing is missing the entire boat: So this idea will be revisited as this position is held to keep consistent with the future path of Pan American Silver ($PAAS).
The harmonics are both promising us and warning us, at once--and really how this C-Wave breaks is no better than a 50-50 guess. Honestly seems appropriate rather than force the notion that some kind of read on this chart is there, that is not.
That said, cup and handles lead to breakouts 65-75 percent of the time, so if this COULD be categorized as that - that is a bullish indicator, of sorts. There is not much of a cup, but there certainly *Is* a handle. Yeah, that just sounds confusing doesn't it?
The breakout could be substantial, while the reason this is a decent play is that the risk is already mostly assumed by entering at this nadir. Anything can happen, but there is enough strength in this stock to believe the bottom won't fall out any time real soon.
GL if you need it; if not - GO THRIVE ANYWAY!
-BDR
Silver Bullish scenario, wave 3 in preparation 238$Silver is gaining momentum in bullish territory on the monthly chart.
All MA's are now acting in support which is really good. VWAP is also under which give great push on the upside.
Here are some projection for next Grand Cycle Wave 3
Based on last intermediate wave 2, the intermediate wave 3 can reach :
161.8% - 86.688$
261.8% - 133.092$ (my favorite choice)
361.8% - 179.496$
The Big view can bottom of Grand Cycle Wave 2 give us a clear path for W3 to :
161.8% - 86.688$
261.8% - 129.64$
361,8% - 178.288$
461,8% - 226.612$
Some upside strong indicators :
-Bullish Monthly KDJ
-Monthly RSI in bulls control
-5M chart bullish Stoch Rsi
-5M bullsih KDJ
-5M Bullish RSI
-Everything look good on daily, weekly chart-
-Weekly MACD gaining momentum
-Daily MACD Bullish-
-Pretty strong momentum Monthly MACD
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Silver returns to the top in a momentSilver has tested the 61.8% Fibonacci retracement in the 15-minute time frame, and we expect the first profit target to be achieved in the 23,586 price range and the second price range at 23,888.
Bullflag on the Daily for Silver ?Not having a bias on silver at the moment but, Considering the price rise of 162% in 140 Days from the lows in March was quite a large move for Silver, When looking at past prices it took 819 days to reach the $30 mark.
But overall I think a pullback to the 61.8 fib level of $18 would be a healthy correction before we start moving up.
That gives us time to buy in for the long run :)
Silver mini weekly viewHello everyone,
Silver is in a correction fedge since the august month. CMP is 62853 and almost on their dynamic resistance. We need to keep an eye on 65000. Will give a short term swing long on the breakout with 62000 stop loss. Target should be 69000/71000/75000 in the short or mid-term swing.
Just a lil' higher! 📈 Silver is poised for another upwards movement, which will likely result in another high. The target of the current wave is the region somewhere between $28.50 and $29.20. Should the bulls be able to deliver a new high, the (b) in blue will be moved to the higher high. Still, we expect a bigger sell-off after reaching the mentioned area. For the downturn to happen, it is essential that we do not generate new highs above $29.90. As soon as we reach the turnaround area indicated in yellow, we evaluate short trades.
Ideas, comments, and discussions are welcome!
✌🏿 Happy Trading! ✌️
silverHello traders, here is the analysis from our team :
We feel; These area's. Will give best results for scalp buys, Or Sells.
#1 Sell @ ooo
#2 Buy@ 23.080
* Futures sometimes run in one direction during Day. *
So. If no Momentum, Or pullback in these area's for 7/27/2020.
Void trade. We like 130 pip Sl/Target. Take profit 5 to 130 pips, Move
STOP LOSS UP WHEN YOU CAN.
Let us know in the comment section below if you have any questions.😉
Let us know in the comment section below if you have any questions.😉
Gold/Silver Ratio Could Have ToppedIf I am right here and in my bullish bias for metals, silver would be the better long now!
GOLD/SILVER RATIO STRATEGY #2 BETTER SILVER FUTURES LONG TRADEDETERMINE WHICH IS THE STRONGEST METAL BETWEEN GOLD AND SILVER
** If the gold silver ratio is in Uptrend and gold & silver in Downtrend: Buy Silver.
If the gold silver ratio is in Uptrend and gold&silver in Uptrend: Buy Gold.
If the gold silver ratio is in Downtrend and gold&silver in Uptrend: Buy Silver.
If the gold silver ratio is in Downtrend and gold&silver in Downtrend: Sell Gold.
The Intermarket relationship between the gold and silver price can reveal a better way to time the metal market.
There may be times when the price of silver makes a new low, but the price of gold doesn’t track that movement.
When something like that happens a possible trading opportunity can emerge.
We can note that the silver price has broken to a new low while the gold price has made a higher low.
This is a break in the gold and silver correlation.
It means that one or the other is lying.
To find out which one, we simply use the gold silver trading strategy rules revealed at step #3.
Based on those rules when the gold silver ratio is up and both gold and silver are moving down, the signal is to buy silver.
For timing the market, we have applied a 20 period MA over the silver chart.
A break above the 20 MA will trigger our entry.
Simple as that!
Final Words – Gold Silver Trading Strategy
When we use the gold silver chart ratio in conjunction with the individual price trends of gold and silver we can determine strong buying and selling opportunities. You can also ride massive trends with the gold silver ratio, especially when we have historical readings. However, since these only happen once or twice in a lifetime you can use our gold silver trading strategy to navigate the day-to-date price action.
The ratio can also be used to determine the overall market sentiment, which is a precious thing that can be used to trade other markets. Usually, a high gold to silver ratio is signaling a slowdown in the global activity, while a low gold to silver ratio is signaling improving risk sentiment.
Silver (XAGUSD): Short term action plan.Silver is trading within a Channel Down on the 4H chart (RSI = 43.954, MACD = -0.061, Highs/Lows = -0.0197) since January 7th. The RSI sequence however is currently posting a short term bullish signal. Our Target Zone is 18.000 - 18.100. If however the dashed Higher Low line breaks then the pattern will most likely complete the Lower Low on a roughly -5% sequence near 17.170.
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SILVER: Bearish Fundamental & Technical outlook.This is a break down analysis of Silver (XAGUSD) in the aftermath of key U.S manufacturing news.
Fundamental Analysis:
- The ISM Manufacturing PMI rose yesterday to 50.9 in January, up from 47.2 a month earlier, marking the first expansion reading since July. This improved risk appetite and is applying selling pressure on Silver. The U.S. manufacturing sector has been kept low for months as the U.S. China trade war unfolded but the phase one deal prompts investors for even stronger manufacturing readings this year.
- Based on the last 12 ISM Manufacturing PMI reports, Silver followed the statistics that gave a 66.7% probability to go lower on the 4H and 12H timeframe if the Actual reading was higher (>) that the forecast. The prediction is equal (66.7% probability to go lower) on a 2 day time frame as well.
Technical Analysis:
- The pattern is a Channel Down in the last 30 days.
- The Resistance is set at 18.115 and the Support at 17.350.
- Death Cross (MA50 crossing below the MA200) formed on the 4H chart.
- The MACD remains bearish with no sign yet to turn, following the Lower High on the Channel Down yesterday.
The above mix indicates that Silver is bearish both fundamentally (strong manufacturing numbers = lower Silver price) and technically (Channel Down). The last two declines after a Lower High were around -5.30% and we expect Silver to fulfil this sequence in the coming days.
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Silver (XAGUSD): Bullish pattern spotted.Silver (XAGUSD) is trading within a newly emerged Channel Up on the 1D chart (RSI = 60.617, MACD = 0.050, Highs/Lows = 0.2338) following the October 1st bottom just above the 1D Support Zone.
Both the 1D candle action and the RSI sequence resembles and October/ November 2018 fractal which delivered a strong rise once the Channel Up broke. Our advice is to take a careful long approach towards 19.000 - 19.500 moving the stop loss on the Higher Low of the Channel each time to limit the potential loss while keeping a maximum gain perspective.
Check out also how we expect its relationship with Gold to trade:
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XAGUSD (SILVER) Trend Breakout LongTrend breakout + if we take a look on the weekly timeframe we see a clear dragonfly doji (bullish sign).
Feel free to comment below!
Flag continuation pattern on SILVER!The shakedown of US and Iran crisis and threat of war clearly gave a damaging impact on US Dollar. Investors are worried about the state of world economy and started to accumulate precious metals to protect their wealth against devaluation of Dollar. With a lot of alarming issues happening all around the globe, the demands for precious metals will continue to rise, increasing their prices. I would appreciate to hear any comment or idea from you guys. Whatever happen, Trade Safely!
SILVER Sell SignalPattern: Ascending Triangle on 4H.
Signal: Bearish after the 1D Resistance is being tested for the 3rd time (possibility for a Triple Top).
Target: The 4H Support levels (14.900, 14.760, 14.630).
SILVER Two Sell TargetsPattern: Channel Down on 1D.
Signal: Bearish as long as the Lower High sequence holds.
Target: 14.400 and if the price bounces back to the resistance then aim at 14.250.
XAGUSD (Silver) Buy SignalPattern: Channel Up on 1D.
Signal: Bullish as last week the 1D Channel Up made its Higher Low.
Target: 16.500 which is the technical Higher High based on the basis difference between HHs.
GOLD Trade SetupXAUUSD, GOLD long increased 6k by last week. long% increase 1% while short% decreased 1%. professionals open long in small number while closed short in large number. $index no change in short and long in this week.
