Xagusdanalysis
Silver- Confortable above supportLast week was a good one also for Silver, with the price managing to break above two important resistances: 23:20 and 24:50.
Now XagUsd is trading comfortably above the latter, which should provide support now.
That being said, dips in the 24.50 zone should be bought and the target could be set in the previous high zone around 26.
Negation comes with a daily close under support
Silver- Yet another important resistance brokenSimilar to Gold, CPI also triggered a resistance break for Silver, unlike Gold though, yesterday XagUsd has broken also above another important level...
At this moment chart structure is very bullish and we could expect another rally to 26 recent high.
24.50 old resistance is now support and in this zone, traders should look for buying opportunities.
XAGUSD I Resistance ahead - short!Welcome back! Let me know your thoughts in the comments!
** XAGUSD Analysis - Listen to video!
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Analysis of the silver priceOn the other hand, technical indicators on the daily chart have not yet confirmed a positive outlook. Therefore, the $23.00 confluence region might continue to act as a barrier for any subsequent move up. Immediately following this is the ascending trend-channel resistance, which currently stands around $23.45 in price. As long as the XAG/USD maintains a strong upward trend beyond the 61.8% Fibo, a positive breakout will be confirmed. It is possible to regain $24.00 by reclaiming the $23.60 region.
As long as the XAG/USD keeps climbing above the intermediate barrier of $24.20-$24.25, toward the $24.55 swing high of June, the positive momentum could continue.
The downside is likely to attract some buying and remain limited near the $22.65-$22.70 area, or the 23.6% Fibo, if price weakness lower than $23.00 is confirmed. In addition, we need to consider "level." If this is broken, the XAG/USD could slide back toward the $ 22 mark. Falling prices will likely reach the $21.70-$21.65 zone en route to the $21.25 support and $21.00 mark if some follow-through selling occurs.
Chart analysis for XAGUSD on a D1Silver is also in a downward trend on the daily chart. XAG/USD's long-term bias is upward because of rising support since September. The near-term downtrend is being maintained by a falling trendline from May. 61.8% Fibonacci retracement level at 22.29 provides immediate support. Taking this price down reveals rising support. The 38.2% level at 23.75 is released upon breaking above the falling resistance.
SILVER Forecast 6July2023if this is an a-b-c correction and wave c is usually the same length as wave a, then there is a high probability that XAG will go down.
This is signaled by the current price at the trendline and strong resistance area. if XAG turns out to respond positively to the trendline and makes a strong bearish signal, then it is likely to go to fibo extension 1.
Exciting Opportunity: Will Silver Bounce Off the MA50 Again?Our favorite shiny metal, silver, is gearing up for another potential bounce off the MA50, and I couldn't be more thrilled about the possibilities it presents.
As avid silver traders, we have witnessed the power of technical analysis and the significance of key moving averages. The MA50 has proven to be a reliable indicator, acting as a strong support level for silver's price movements. And guess what? It's happening again!
Over the past few weeks, silver has been exhibiting a fascinating pattern, aligning itself with the MA50. This convergence has historically led to significant upward movements in silver's price, making it an ideal time to keep a close eye on this precious metal.
You might be wondering why you should be excited about this. Well, my fellow traders, the potential for substantial gains is again within our grasp! By putting silver on your watchlist and staying tuned to its price action, you can seize the opportunity to capitalize on a potential bounce off the MA50.
Here's your call to action: Add silver to your watchlist today. Stay vigilant, keep a close eye on the MA50, and be prepared to take action when the time is right. This exciting opportunity could lead to remarkable profits, and you will want to take advantage of it!
As always, please remember that trading involves risks, and conducting thorough research and analysis is essential before making any investment decisions. Stay informed, stay disciplined, and always trade responsibly.
Silver or XAU/USD hits golden crossI am thrilled to share some exciting news - silver has just hit a golden cross!
For those unfamiliar with the term, a golden cross is a technical analysis term that occurs when the 50-day moving average exceeds the 200-day moving average. This bullish signal indicates a potential upward trend in the price of silver.
This is fantastic news for all who have closely monitored the silver market. Considering long silver and taking advantage of this upward trend is an excellent opportunity.
So, I encourage you to consider your investment strategy and add silver to your portfolio. With the golden cross in place, it's an ideal time to take advantage of this bullish signal and potentially profit from the upward trend.
XAGUSD 4H (bearish)XAGUSD
stabilizing prices above 22.5796 will support raising to touch 23.3012 and 23.6944 and 24.2063
if the price stable under 22.5796 then the movement will be between 22.2454 and 22.0573
support line : 22.2454, 22.0573 , 21.9656
resistance line :23.3012 ,23.6944, 24.2063
The expected general trend for today: is bearish
timeframe:4H
XAGUSD (SILVER) ____ TIME TO GO BULLISHHello Guys,
Last week, this pair was strongly bearish as speculated (see my analysis below). The bearish leg ended up in a daily demand FVG and as we can see, it reacted strongly.
Also marked on the chart are the multiple buy-side liquidity I expect the price to hunt.
In addition to this, I had posted my analysis on the dollar index which I expect a short-term bearish movement in the dollar after which the bullish run will continue long term.
Follow me for more.
See below my previous XAGUSD (Silver) and US Dollar Index analysis.
Previous XAGUSD analysis
Current Dollar Index analysis
Cheers,
David
XAGUSD are you rdy for best short 😁Silver Woe to those who do not see the downward trend of silver.
The trend of silver is downward, on the other hand, silver's older sister, gold, is not in a good position, and gold's younger sister, which is silver, should be led down with it.
The trend of silver is currently in a bearish base, so we have the next bearish wave ahead of us.
The trend of silver is for 20.02677 and then it is 18.93789 dollars, so if you want to open a trade, don't forget the trend of shorting and selling silver.
Silver could rise to 24.50Like its bigger brother, Gold, Silver also dropped hard these days.
However, looking at price action this week we can see that the drop lacks much momentum and is drawing a falling wedge pattern on our short-term charts.
This could be an indication of a reversal and the 24.50 resistance zone could be the bulls' target.
A new low would negate this scenario