Silver - longPotential long here, however strong bears currently so could well break through and head towards 16 port of area.
Silvercharts
Silver going down? Need advice for learningCan anyone help with this? I am just trying to learn: do you think it's reasonable to say that looking at MACD orientation, and RSI overbought, silver will go further down, or at least not break up through the triangle (as I expected) ? What's your opinion? Thanks!
Silver update: Final E leg reaching an endSilver seems to be in the final E leg of that 4th wave triangle pattern (ABCDE). I take the surge we saw this Friday to be a B inside an ABC correction. The final C leg can go as low as $18,50, but I do not think it will go that low.
Note that the orange in the chart constitutes the highest scale, followed by white and green.
Settling above the $20 mark is a strong sign that the correction is likely over and I would assume it to be a signal that the bull is alive and well.
Silver's fight into the official bullmarketSilver has managed to cross the bear-market line and it is now also working to break the ICL neutral line.
Sustaining above the red level officially put silver in a bull market and it will lead the way for gold into the official bull market. This will lead to a rally in silver.
Then one can say that the bull market in precious metals is officially "ON" and say that it started in December 2015.
like to Sell below 19.079 Would like to sell silver below 19.80 after it breaks the resistance. Just did the opposite in EURUSD
Potential 222 Bearish Gartley (H4)This is a Bearish 222 Gartley on Silver . Yes Harmonics work on Metals as well. My entry point for this Gartley will be at 20.423 right before the 20.50 Major Half. Quarters Theory works better on metals so that would be the perfect entry for me. This is going to be more than a 1:1 trade so i can not complain. With that being said good luck and good trading.
XAGUSD retracement to 19.45-19.1 areaXAGUSD retracement to 19.45-19.1 area, then north to broke long time support of $21
XAGUSD SILVERThe SOLID GREEN LINE will provide a historical support for SILVER. But also if you see the SOLID BALCK LINE around $30 may act as a resistance line. Also the DOTTED GREEN AND RED line is a possible channel trading in coming days/months. Silver is a overall BUY for next few months.
XAGUSD REGULATION ALMOST FINISHSILVER STILL NO BEARISH- BUY LIMIT ZONE - SPDR SILVER FUND WILL WANT TO SELL HIGH AND HIGHER ....
SILVER BUY LIMITT CHANNEL BORDER 15.650 Wait for buy probably there is small regulation.lm waiting 15.650
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Silver Long Will Make Us Profits FastOn Monthly Chart Silver Looking Nice To Buy Because Of The Downward Channel Or Wedge Breakout
Reasons To Buy
Downward Wedge Breakout
Possible Reversal Onto Bullish Direction
Pullback To Entry Point Nice Time To Add Onto Position
Upper Trendline Breakout With Bullish Volume
Bullish Divergence @ The Bottom
Silver Bullish Is All Over The News
Indicators Are Turning Bullish
Strong trend Reversal Pattern Formation
Moving Averages Coming Near Good Sign
Best OF Luck
Xagusd Looking like Another Move Down Before Monthly Up MoveI am expecting a Drop on H4 Due to Following Reasons
Symetrical Triangle Breakout
Upward Rejection
High Volume
H4 Short Does not Gonna Affect Monthly Silver Gains
Consolidating at this area for a long time
Let us see how this trade goes
SLV Monthly ChartStill monitoring the money flow index. Its at the same critical area during 2010 breakout
Close Watch on Silver 16.42Silver currently trading near the level of 16.25, If Silver holds above the level of 16.42 which is the 100 days MA we short for a short term upsurge very quick to the level of 20.70. Currently facing the resistance zone of 16.42. Any close above it shall see a rocket to the above said levels.
LONG or SHORT SILVERI am very BULLISH SILVER but that doesn't mean its not worth shorting if the technicals are favourable.
My preference is to get LONG above 15.87 but if price falls below 15.69 then I'll look to SHORT down to 15.52 (200 sma on H1) or lower.
SLV daily; Silver breaking up??Watching silver closely. Futures up today so far. Will see if it can top recent high in the next few days.
SLV 1x, USLV 3x etf.
Silver/US Dollar: 2 Bearish Gartley Paterns2 Potential gartley patterns setting up on Silver/U.S. Dollar
Goldie took us out!We were stopped out of our last contract in GC. We will keep a close eye on Goldie. We still like the upside. Stay tuned
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Silver with a bull start of 2015Silver(07.01.2015) remain very quite for more than 2 months & traded in range. However this range bound trading came with some surprising moves which plotting the future movement story most probably.
Fundamental remains very weak for silver from last few months, gold with bad performance in 2014 kept pressure on silver as well as slowdown in leading manufacturing economy china slashes silver demand as industrial metal. With a positive start of 2015 from gold & a major expectation of QE from china , japan & europe together could provide a supportive ambiance for this metal.
Coming to the technical picture, Silver trading at $16.35 while i am writing this & as we can see on chart in December 2014 silver made a low around $14 mark & bounce same day with some extra volume. This move almost tested the 261.8% fibonacci retracement level of last upside move. This move also provided a strong positive divergence on charts as well as a falling volume under consolidation period suggest absence of sellers on current level. Thus a combination of bounce from lower trendline of long term descending channel & a most possible inside bullish channel hinting for a recovery ahead. Area around $17.70 & then $18.70 could be targeted in coming trading session.
SILVER MCX has same story like comex silver still on mcx charts, silver looks more comfortable , probably due to INR movement. A strong black cloud cover candle with great volume & follow up by a consolidation period with thin volume. RSI generating a positive divergence . Silver also broken above a descending trendline & currently following a minor upside channel. This technical setup suggest for a bounce ahead to retest the previous high around 39000 & then may be 41000 in coming trading session.
At the end time will tell us the true story.
Best of luck.
Note - Above technical analysis is not a buy/sell recommendation. For recommendations Contact Us
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