Silver- My target remains 26Silver also had a drop yesterday and exactly like Gold, stopped in the interim support at 23.50 in its case.
And although at this point the price looks bearish, my long term outlook hasn't changed.
I will remain bullish as long as the price stays above 23 and I expect 26 to be reached in the medium-term
Dips towards this zone should be bought and only a dive under 22 would change my bullish outlook
Silvercharts
Silver- To resume its aggressive uptrend?As always, when things are not so clear with Gold, I look at Silver, is more technical and often gives me "clues"
As I said in a previous analysis, unlike Gold, Silver didn't made a new local low this week and stopped in strong 22 support.
This week was finished with a bullish engulfing from this support and adding this fact to the bull trend that we are already in, I expect a continuation to the upside.
For a clear confirmation, XagUsd needs to conquer 24.50 resistance and I expect acceleration to the next important resistance at 26.
As long as the price is above 22 buy dips is my strategy
Gold - SilverGold & Silver - Gold finds support at the Fibonacci 50% ratio retracement level.
In Gold -
The bearish run could end here or gold could progress to the 38.2 % ratio retrace at $1,688.
Silver is also at such a key level. Bang on the 61.8% ratio and a classic double bottom pattern resides here for a phenomenally strong confluence of support at this stage.
I was about to open a leveraged XRP trade, however I spotted a double top pattern on the hourly chart, so I held fire for a while.
#gold #silver #technicalanalysis #currency #chainlink #indices #preciousmetals #trading #equities #forex #trading
Plan for SILVER - WHEN I WILL BUYHey tradomaniacs,
in this chart I show you where I will look for potential BUYS.
Current treasury-topic in the U.S is putting GOLD and SILVER under pressure as higher yields are a good alternative to no-interest-assests such as metalls.
I will wait for a retest of this area of SILVER breaks through the current low and support-zone.
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Peace and good trades
Irasor
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SILVER another move coming after several days of consolidation?SILVER looks to be winding up towards the end of the next consolidation period, with a move in the next few days likely. A move up could take us back to $25.50 and a move down could take us to $22 and change. Worth watching over the next few hours.
Silver - Can it go to 50$? We like to hedge by Buying Silver and selling Gold:
Gold is already at all time highs , but Silver is not even half of it's previous highs (2011)
Silver, the 'Cinderella Gold' is a semiconductor - thus rises with technology
Silver rises and drops togethjer with Gold, thus allowing us to have a beautiful hedging opportunity for the next few months
SILVER (8HR) - Break-out or Fake-out??True to form for a head and shoulders pattern, the first move outside of its recent pattern has been to the downside. This is one to watch, because if there is a retest of the recent support followed by a rejection, there could be a short-term sell trade on the table.
Silver mini weekly viewHello everyone,
Silver is in a correction fedge since the august month. CMP is 62853 and almost on their dynamic resistance. We need to keep an eye on 65000. Will give a short term swing long on the breakout with 62000 stop loss. Target should be 69000/71000/75000 in the short or mid-term swing.