Silverusd
SILVER - SELL IDEABefore price shoots up its going to drop again, wait for it to break consolidation and dump it to highlighted area
#SILVER - #XAGUSD is showing a good sell setup ! hello my friends traders ,
as you see the price is really weak against the 61.80 fibo and it respects this level, But pay attention once the price hits or near to hit the 100% level take your partial profits or close your trade if you don't want to be under stress or simply if you are confident you will break even and let the price do whatever it wants .
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Silver may have some ways to go before it breaks out.Silver seems to be forming a bullish downward trending flag pattern, which is bullish to the upside. It will break out eventually, probably when we exit this deflationary period due to the virus and we enter the high inflationary period that follows due to intense monetary stimulus which as preceded.
#XAGUSD ANALYSIS.. BEARISH ARGUMENTS.. I think that there are critical points to be considered in the long term for silver.. It is very important for investors to pay attention to some small details from past to present..
In the weekly chart, the price of silver is below ma50 and ma100, silver should rise above these levels for a positive trend.. As I mentioned in my previous publications, I think that we will see a strong sales wave again in the markets on a global scale, I accept that what happened in oil prices is a leading indicator.. We can see that there are similar structures in technical indicators by projection from past to present, RSI and Coppock show some similarities with 2008, and it is worth noting that 2008 is a crisis period just like the current year.. I think that we can see a similar price movement in the process we are in and we will see a retreat up to $ 8.5 in silver price..
Disclaimer: I am not a financial advisor.. Please do your own due diligence when it comes to trading.. Invest at your own risk..
I wish you all the best..
SilverIdea for XAGUSD
Top can be seen to be suggested perfectly by the Fibonacci spiral
price can be seen to trade along the 1 fib level within the Fibonacci circle
The bullish divergence might provide enough momentum for a bounce up to the level indicated however i think the spiral indicated will be the bottom.
Currently under the 200MA also.
The transition between fib rings within the circle may create some volatility.
Gold to Silver RatioFollowing up my outlook on silver, this furthers my bullish silver bias. The last monthly close has wicked massively from the topside. Either this is a channel that has broke above and bull trapped or (depending on where you draw your trend lines) it could be a broadening wedge. Either way I would see this as bearish for the gold to silver ratio.
At the very least I surmise that this would have to touch/test/SMASH/DEMOLISH the bottom trend line, right?
To summarise. If this was a price chart for an asset; I would certainly be weary of longing it right now!
XAGUSD: Sell opportunity and multi-year trading plan.Silver is on a 4 week rebound following the 11.650 bottom made last month. On the 1W chart, this move has recovered 50% of the losses (trading just above the 0.5 Fibonacci) sustained since the decline from the 18.950 Top late in February. This is the reason that the 1W technical indicators are back to being neutral (RSI = 45.325, MACD = -0.562, ADX = 21.014, STOCHRSI = 50.488).
On a bigger scale we can see that since 2014, Silver (XAGUSD) has been trading within a Channel Down, making sharp Lowers Highs and Lower Lows. The current sequence is similar to the one is 2014. After a Lower High and a secondary Top, the price collapsed to a Lower Low. The rebound that followed (where we are at now) stopped on the 1W MA50 (blue trend line) which happened to also be near the 0.618 Fibonacci retracement level.
This makes us believe that the top is around the 0.618 Fibonacci and that a new decline may follow for a new Lower Low. We are setting a more reasonable Target Zone though at 11.650 - 12.500.
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XAGUSD. The price of silver will not change.Hello dear subscribers!
The price of silver will not change in the near future.
The price will remain neutral and will not change,
it will hit the mark (15.50000).
Good luck to you.
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XAGUSD. The price of Silver has gained stability.Hi subscribers!
The price of Silver will grow because the key level has maintained
and strengthened the price at a stable level.
The price will rise up to the target.
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Silver fractalSome silver fractals, what i mean by 'equilibrium crossover' is the point where the rising wedge breaks down into the falling wedge, producing the bullish pattern. After some more movement down within the wedge upward movement can be expected as per the falling wedge pattern. Used a mirror support level for a possible reversal point for silver.
XAGUSD. Will the growth be so long?Hi subscribers!
The price of silver will rise.
The support level has started to work and helps the price to rise up.
The price will go to their targets.
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XAGUSD. Price for silver began its long-awaited growth!Hello dear subscribers!
In the previous chart for silver,
the price began to rise, the buy zone is still active.
Do not miss the moment.
The target is just above 17.40000.
Good luck.
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