Xagusdanalysis
Silver- Will it reach 28 by year's end. IMO, it willIn my previous Silver analysis, I've argued that 23 is a strong buy zone and the price reversed exactly from that zone, putting in a Pin Bar on our daily chart.
As in Gold's case, Thursday and Friday the price rose and at this moment Silver is rising towards resistance.
This resistance can very well be the neck-line of an H&S pattern and a break here would expose important 28 zone resistance.
IMO the end of the year will be bullish for PMs and also a long trade for XagUsd with 28 target would have a 1:3 R:R
XAGUSD TRADE IDEASILVER
Following the daily breakout, I see an instant position at 4hr tf. (green) to ride the trend
Breakout at $24.868 on a monthly could provide a nice opportunity to buy silver dips.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
XAGUSD Long Daily/Weekly TimeframeXAGUSD showing a very strong recoverery from monthly lows this year, Now a clear daily breakout about the trendline has validated a break of the downtrend now seeking moves to the upside with a perfectly formed inverse head and shoulders.
XAGUSD short againThe main movement is down. I put a spot on short 1 and gave the signal. I made a profitable trade. Now I decided to place a new short, got a signal from the market and opened a position.
XAGUSD still shortAfter a successful trade to target 1, I decided to re-short. The market is moving in line with the prevailing trend. I determined the position, price and TP 2. I am waiting for a signal from the chart to open a position
XAGUSD nice shortEarlier I decided to place on short and target 1. I opened a position and made a profit. Now I will be watching the market. The direction is generally downhill but they can go back to the buy siren. I will be looking at the graph and waiting for the right signals
Silver- Where to buy? After it has reached 24.70 zone resistance, Silver has started to correct October's rally and is trading now at 23.43.
Slightly under 23 is strong confluence support given by 61% Fibo and horizontal support and here we can look for opportunities to buy the market for a revisit of resistance.
XAGUSD larger introval analysisI'm getting ready for a bigger short. I marked the zone and the price. I appointed TP. Corrections take place between these zones. I will signal where traffic joins
SILVER : DOWNTREND | DOUBLE TOP SHORT IDEA...Welcome back Traders, Investors, and Community!
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Silver- 28 could be swing trader's targetAfter the false break under 22 from the end of last months, Silver has started to rise and has broken above the descending trend line.
At this moment the price is slightly under 24.50 resistance and a break here could be bulls trigger for more gains towards 28 zone resistance
Interim resistance is at 26 and only Silver back under 23.50 would change my bullish opinion
Buy dips is my strategy
Additional information at my last prediction on silverNothing more, nothing less than what i say on the chart.
XAGUSD-SHORTXAGUSD price is at a very important structure level
if we break the yellow line and pullback to that we can get Fibonacci 38%
XAGUSD LONG SILVERXAGUSD is making higher high and higher lows with many candle stick indicating the continuation of the bullish trend on hourly time frame. An attempt to long silver XAUUSD can be made with the stop loss of 23.57750 which is previous higher low.
Silver , We need pullback ...Hello everybody
In here we have new rally of Silver that it started days ago and in here in 4h time frame we have new powerful breakwave
The trend is upward and we need some rest and pullback to take position toward the trend ( Buy )
And we have heavy resistance in our way to go up , we can buy some silver after pullback done and wait until the Tp we shown on chart and if the price can rise more we can trail of position and we will going up
According to trend line that we shown , we expect that the price can come to touch it for support then can attack to the resistance zone , and near of the trendline with multi time frame checking and take signal we can buy and take long position
Dont forget use Stop Loss and money management
Good Luck
Abtin
SILVER : ARE YOU LOOKING FOR A REVERSAL OR JUST A PULLBACK?Silver managed to breakout of a week of sideways trading last week, ending the week high at 24.87150.
However, on the weekly chart, silver has already made a new bottom, and the current rise is probably a short-term retest of the previous weekly high 24.87150
So, if there is a rejection at level 22.72450 and a breakout at 23.59300, I see a chance to short-term long till 25.17450 or 25.80050 before shorting again and targeting 21.03248
Yes, the short position is still favoured.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
Silver Price Analysis: Market is heading to 26.00 price zoneA recent Federal Open Market Committee meeting showed that half of its members expected an interest rate hike by 2022. As a result, silver (XAG/USD) has been climbing recently, trading at $23.50 today with an almost 2% gain in one session alone.
All these factors aid silver's climb to new heights due to their correlation with gold prices and demand for industrial use. Due to the inflationary pressure in the economy, investors are thinking of reserve safe-haven asset silver.
The recent FOMC minutes revealed the pace at which QE will reduce. However, it was announced yesterday that would only be billion dollars cut each year instead of a 20-billion planned initially because inflationary pressures are more substantial than anticipated.
Gold and silver are getting a boost from the US stock markets, which is seeing an increase in safe-haven assets. The dollar has seen some weakness recently but remains high due to low-interest rates.
Bond investors fear about Europe's economy slowing down further than anyone had expected already with Greece's debt crisis not being resolved yet either. As a result, the USD is weaker against gold and silver. But the USD is still dominating most of the major currencies, except safe-haven currencies like JPY and CHF.
Technical View:
Right Now, the silver price is holding above descending trendline, the price nearly 23.40.
If the H4 candle can close above the 23.50 price zone and descending channel, it may test the 24.00 prices. Breaking above the 24.00 price zone, the next target is the 24.80 price zone. 24.80 is Fibonacci 50% retracement area.
So, the market may go for some correction from the 24.80 price zone. But if it doesn't, breaking above 24.80 will open the door for the 25.80/26.00 price zone.
I don't think the market will break above the 26 price zone easily unless we see too many adverse U.S. economic reports.
On the other hand, breaking below the ascending trendline, the silver price may continue its downtrend again and may test the 21.50 price zone again.
Wait for breakout for silver!Silver could go either way, wait for breakout either upwards out of the trendline or down under support.
Divergence signals and selling opportunities with XAGUSDH1 time frame.
Structure: downtrend.
A divergence signal and double top pattern appeared with XAGUSD.
Wait for the price to break the Key level at 22.210 and have a confirmed retest move, then you can look for selling opportunities.
The profit target is the zone of 21.400.
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Wish you all have a good trading day!
Silver is heading lowerHi there,
Silver is preparing for the next move lower, we are just making a correction in smaller timeframes for the next target between 19 to 17 usd, watch price action at smaller timeframes and short at the breakdown of the bearish triangle formation. Dxy is also heading higher and preparing a breakout, which gives us confirmation of the down move on silver.
Good luck
Close call isn't it Silver is still bullish to break last couple of weeks resistance. if it crosses this trend line next resistance will be $23.5.
Silver- New leg up?As I said in my previous Silver analysis, as long as the price stays above 22.20 support, bulls hold the upper hand.
At this moment, on H1 chart and smaller time frames, we can see a small pennant forming which can lead to continuation.
The confirmation comes with the price above 22.65-22.70 zone and the parget can be 23.50
