XAG USD ( Silver / US Dollar)
Correction in the larger degree of the wave (double zigzag)Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules.
As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy.
I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision.
For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea.
My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace.
I express my gratitude for your continued support and kindness, and welcome your comments and critiques.
May my analysis be a valuable asset to your business journey, and I remain sincerely yours,
Mr. Nobody
Silver H4 | Bullish bounce off 61.8% Fibonacci support?Silver (XAG/USD) ) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 26.54 which is a pullback support that lies above the 61.8% Fibonacci retracement level.
Stop loss is at 26.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 27.94 which is a pullback resistance.
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SILVER Expected Growth! BUY!
My dear subscribers,
This is my opinion on the SILVER next move:
The instrument tests an important psychological level 27.231
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 27.907
My Stop Loss - 26.808
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
SILVER MORE BULLISH TILL 35$ IN 2024HELLO FRIENDS
As I can see silver hit all time high 30$ in this bull run and now retrace we are expecting a new ATH in Silver with the fundamental and technical views all dose Time matter Friends chart is crystal clear for entries on this pair for more info Stay tuned.
Share Ur thoughts it helps many traders.
SILVER BEST BUYING ZONE !!!!HELLO TRADERS
As I can see Silver is testing now a strong support level which is a great entry zone for buying here. Silver is still not moved as like gold and other commodities has done, we expected this pair will move till design levels and this is a best zone with a very low risk and higher rewards let's see what markets bring to us. Charts always talk......
Share Ur views with us on Silver chart it help all of us Stay Tuned for more updates.
SILVER: Bullish Continuation & Long Signal
SILVER
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long SILVER
Entry Point - 27.222
Stop Loss - 26.696
Take Profit - 28.137
Our Risk - 1%
Start protection of your profits from lower levels
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Silver target hit precisely after inverse head & shoulders breakJust posting this update on the silver chart to exemplify how TA often does work with exact precision. As soon as the inverse head and shoulders on silver validated its breakout the price action climbed to the exact price target before its current correction. We can see how the wick on this particular chart even hit the top of the measured move line at exactly the time it hit its target. Always a cool thing when that occurs. *not financial advice*
Silver correcting after 1st target hit; bigger invh&s trgt = $34The top of the highest wick on silver is actually the exact measured move target of the previous inverse head and shoulders silver recently hit precisely. On the journey as it retested that ones neckline it formed this anger more horizontal inverse head and shoulder neckline and has since also broken above it with a measured move target much higher at around $34. I am currently watching for the dotted purple measured move line or the horizontal neckline to get retested here and hopefully one or the other wil maintain support…price could easily also dip back below the neckline a few times before the real breakout like it did with the previous inv h&s neckline. I will link the previous invh&s chart down below for you to compare. *not financial advice*
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14:04 Gold XAUUSD Stock Forecast
15:44 Silver XAGUSD
SILVER Trading Opportunity! BUY!
My dear followers,
This is my opinion on the SILVER next move:
The asset is approaching an important pivot point 27.222
Bias - Bullish
Safe Stop Loss -26.487
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 28.310
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
XAGUSD set up for long entry XAGUSD on the 120-minute chart is at the top of the high volume area on the profile. This
is a relative volume void above and a high volume area breakout is possible or even likely.
The TTM squeeze indicator has just triggered. The Price Momentum and Relative Trend
indicators appear bullish. I assert that spot silver is bullish right now and mining stocks
especially junior miners may be ready to take long positions as well. My immediate target
for spot silver is 25.75, the recent high pivot in March and then 25.95 the high pivot of
December, and then 26.5, the highs of Spring 2022. Played in a leveraged forex setting,
the profit potentials are significant.
FSM a silver junior miner poised to profit on silver's momentum FSM is on a 30-minute chart. The trade idea is that FMS suffers in drops in spot sliver but
thrives when spot silver rises as its fixed expenses in mining allow for increases in margin
in a curvilinear fashion when spot silver rises. This is more so than a senior miner such as FCX
that moves slower when metal prices rise or fall. I see the quick geopolitical dip in spot silver
as an opportunity to pick up junior miners ( including GDXJ the ETF) at a discounted price to
be held for spot silver recovery and then averaged out for realization of profits.
Strifor || SILVER-25/04/2024Preferred direction: BUY
Comment: Let's refresh our previous silver trading idea. Here, as before, we expect more strengthening of the buyer, however, it must be said that the situation is quite uncertain, and it would be better to even take a closer look at the same major currency pairs, the situation there is more interesting. Scenario №1 is already in progress, and the pressure at 27.50 indicates a likely breakout upward towards the target at 28.50 . We don’t forget scenario №2 and keep it as plan B.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || AUDUSD-25/04/2024Preferred direction: BUY
Comment: The previous trading idea for the Australian dollar was successfully closed with a profit. At the moment, the US dollar continues its downward correction on almost all fronts. We expect further growth for this pair, but of course it will be more limited than before. In our decisions, we are tied to the support level of 0.65010 . Scenario №1 assumes an increase from current prices towards the local resistance level of 0.65474 , and scenario №2 - after a test of the level of 0.65010 , the goal is the same as in scenario №1 .
Additional comments on this trade will be provided as situation changes. Follow us!
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