XAG USD ( Silver / US Dollar)
Sideway corrective structure (second possibility)Greetings
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
Possible idea in silver bull market
Possible idea in silver bull marketGreetings
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
Silver- Will it catch up with Gold?Similar to Gold, Silver also began the year poorly.
After finding support just under $22, it started trading in a range. A few hours ago, the price managed to break above the range's resistance, indicating a bullish outlook.
However, unlike gold, silver has lagged behind in its performance since the start of the year.
In my opinion, this gap will be filled, and we can expect the price of silver to reach around $25 soon.
I'm looking to buy dips, with the price at the beginning of the year as my target.
SILVER (XAGUSD): Important Breakout 🪙
Silver successfully violated a resistance line of a wide
horizontal trading range on a daily with a strong bullish imbalance.
It may indicate the dominance of the buyers and a strong bullish sentiment.
The market may reach at least 24.0 resistance soon.
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SILVER Technical Analysis! SELL!
My dear friends,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 23.361 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 23.033
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Strifor || SILVER-27/02/2024Preferred direction: BUY
Comment: Despite the fact that gold is a more comfortable instrument for entering a long position among metals, long for silver is nevertheless considered. It should be noted that at the end of yesterday there were good hints of a long position. All that remains is to wait for the close above the level of 22.66582 (scenario №1). The limit buyer began making its presence known on Tuesday. Less likely scenario №2 remains as Plan "B" .
We fix the growth target at the level of 23.32250.
Thank you for like and share your views!
Strifor || SILVER-29/02/2024Preferred direction: BUY
Comment: The situation with silver has changed. Buy-priority remains relevant in the longer term, but the areas and entry levels are currently different from previous ones. As far as we know, today is expected to be a busy day in terms of the economic calendar. Therefore, increased volatility should not be a surprise.
Today we are considering two scenarios, and here, it will most likely be better to take a closer look at the long position through the "divergence" strategy. To do this, you need to use the well-known RSI or MACD, for example.
The level of 22.66582 is in the spotlight, and growth above this level is not expected in the short term.
Additional comments on this trade will be provided as situation changes. Follow us!
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✅SILVER SWING LONG FROM SUPPORT🚀
✅SILVER is trading along the
Massive rising support line
And the price is already making
A bullish rebound from the support
While also forming a pattern
That looks suspiciously like
The bullish H&S on the smaller TF
Which reinforces our bullish bias
And therefore, we will be expecting
A further bullish move up
LONG🚀
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SILVER Massive Long! BUY!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 22.719 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 23.082
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
SILVER Massive Short! SELL!
My dear followers,
This is my opinion on the SILVER next move:
The asset is approaching an important pivot point 23.128
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 22.875
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
SILVER - again at his only supporting area, again hold? or not?#SILVER.. market very well hold your supporting area in yesterday and now again near to his supporting area.
keep close this because i told you already that its market final supporting area in day and week chart.
in case of holding this area can lead you again upside areas, otherwise below that level buying will be invalid.
dont be lazy here...
good luck
trade wisely
Strifor || GOLD-28/02/2024Preferred direction: Neutral
Comment: Previous purchases of gold have been canceled for now. The buyer does not want to move up, although there is a resource for this. That is why we will consider scenario №2 , which most likely has a chance of being realized against the backdrop of upcoming data from the US today and tomorrow. Here, the growth target is located at the level of 2060.
But the more likely scenario №1 involves the formation of a balance in the range of 2016-2030. If scenario №1 is implemented, in the future, most likely, you will have to stick to sales.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || EURUSD-28/02/2024Preferred direction: BUY
Comment: In the middle of the trading week, we continue to adhere to the buy-priority for the euro. However, there are some notes. Previous long trades were closed manually. Let us recall that previously we adhered to scenario №2 , where the long was near the 1.08000 level area.
There are two busy days ahead for economic indicators, especially Thursday. So far, the more medium-term picture is in favor of the buyer, but the medium-term picture is in favor of the seller. According to scenario №1 , one can wait for the formation of the entry point for a long position at the level of 1.08000 . Scenario №2 involves gaining a position slightly above the level of 1.07500 . Two scenarios are considered simultaneously. That is, we are dealing with a step-by-step system of accumulation of the position. We place the target at the level of 1.09000 .
Additional comments on this trade will be provided as situation changes. Follow us!
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