Silver- New challenge of 25?After a first leg up from 22 to 25, Silver entered a period of correction/consolidation.
The price is staying above 22.20-22.50 zone support and I expect this support to hold and a new leg up to follow.
Dips towards this support should be bought for a new challenge of 25 resistance
Silverusd
Silver- Bullish also on short term (H1 outlook)A few minutes ago I made an analysis and explained why I'm bullish Silver in the long term.
Looking at H1 chart we can see that XagUsd is also bullish in the short term...
After the drop from 2 weeks ago and the low from Monday, Silver recovered quickly and price and up just under 24.50 zone important resistance.
In this H1 chart, we can clearly see that price is pressing this resistance and it formed an ascending triangle.
A break to the upside should accelerate gains towards 26 resistance.
Interim resistance are 25 and 25.50 and 23.50 is strong support now
Dips towards this support should be bought and also buying the break can be a good strategy
XAGUSD Silver Welcome back guys
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not Financial Advice.
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Previous 3 Months silver in a channel path you can see that in the graph, if not break the resistance red line on the channel, you can take the sell shot
SILVER
STOP LOSS 26.00
SELL LIMIT 25.40
TAKE PROFIT1 24.30
TAKE PROFIT2 23.30
TAKE PROFIT3 23.30
Good Luck,
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Enjoy The Trading Guys
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 XABCD-CYPHER will give us 17% account growthSILVER-xagusd
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⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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Detailed analysis 💬
1️⃣ Strong break through the 25.00000
2️⃣ XABCD Cypher pattern-Bullish sign
3️⃣ Broad weakness of USD,USA election results outcome
4️⃣ 26.00000 Dynamic support and resistance
5️⃣ Price reached October high
6️⃣ 25.00000 will Acted as strong support
7️⃣ Technical support - Bull
8️⃣ 27.00000 acted as key reversal-bullish
9️⃣ October high-Immediate resistance-Alternative bearish entry
🔟 Possible swing target-29.00000-major psychological level
#️⃣ Overall bullish trend
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📉 Technical bias-H4-Bullish
Price Above 50,100,200 Exponential moving average
Relative strength index - Reached 70- overbought condition short term fall back expected
MACD -Turned green and well above signal line, oscillators pointing upward
Stochastic - Reached 75- overbought condition short term fall back expected
Ichimoku cloud -cloud is turned green-Price is above the cloud-Middle line support
Bollinger band- Price reached around the upper band-Short term bearish correction towards middle band
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Key reversal area's
25.00000 psychological level
22.60000 October month low
25.60000 October month high
25.60000 50% Fibonacci retracement level
30.00000 Major psychological level
24.75000 Possible entry- Bull
27.00000 psychological level/Trendline resistance
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Bullish entry #silver #xagusd
Entry price - 24.80000
Take profit 01 - 26.00000
Take profit 02 - 27.00000
Take profit 03 - 29.00000
🚫 Stop lose 24.20000
⬆️ 17% Growth expected
⤴️ Account growth 2.4 : 16.96
✅ Risk reward ratio 1 : 7
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SILVER - Daily - My Thoughts Before US ElectionsHello everyone, Andrew here, want to start with, This Is Not a Political Preference or statement. If you look at the chart, you'll see either party will take Gold to it's next all time high. For different reasons, Gold will react volatile to this next presidential election. The color of the route represents the political party, Red of course is the existing party and Blue, it's rivals.
The following is what I copied from my Gold Chart, word per word. Silver, will create new all time highs as well in time frame.
The path for each party is based on my personal feelings on how I think Wall Street will react, in turn affecting short term Gold prices. That said, investors find Gold as a safe haven for uncertainty in our economy. The reason I feel the Red route will see a dip is because Wall Street should react positive. Why will Wall Street react positive? Less uncertainty in the economy. Changing parties makes investors nerves.
Why do I think Gold is going to 2400 and higher? Gold will continue its current path, but, may see a large boost soon after the election. With US Civil War looming, Debt, Gold manipulation letup, Political agendas and Record Spending, Gold has a very bright future IMO.
Will Gold hit $2400 in my time frame? In my dreams? lol...
I am not an investment advisor, please do your own homework and seek professional help before investing, period.
SILVER (8HR) - Break-out or Fake-out??True to form for a head and shoulders pattern, the first move outside of its recent pattern has been to the downside. This is one to watch, because if there is a retest of the recent support followed by a rejection, there could be a short-term sell trade on the table.
Silver continuation and important date!There is a very important date for silver coming up. Funny that the date converges with the trend line, will silver break out or drop down further. It's almost as if silver will show us if it approves the outcome of the election. My opinion (not trading advice) will break up ward to the parabola area, but only time will tell.
Silver in my opinion is how you should pay yourself and is what i have been practicing.
Silver, it has fallen out love and favor. It has been used and abused. That's why you should favor it, love it and hold it.
SILVER battling with 200 EMA in a rising channelSILVER
Silver is tend to move along with Gold but the daily moving range is higher than GOLD
Today the upside momentum has stopped by the Strong 200 Exponential moving average same as like the Gold.
We can expect short term rebound after reaching the lower side trend line and may move towards 200EMA. For the longer term bullish trend Silver has to break the trend line as well as the upside trend line
From my point of view it will fall after reaching the 200 EMA. if the lower side of the trend line was broken we can expect more number of sellers will come to move this metal below 22.000
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$XAGUSD - Trend continuation followed by a breakoutHello, dear friends!
Here is my projection for silver. Silver is above the bullish flag and tested the upper edge of the flag as a resistance so is about to continue the uptrend.
See important support and resistance levels on the chart.
Please follow for more ideas!
Why you should pay attention to Silver ?Silver has been hammered pretty badly during the sell-off in March and after the recent market correction.
Nevertheless, the large timeframes tell a different story.
When we zoom out, we can quickly notice the huge that silver has been putting since Dec-15 marked by the a lower low $11.639 in Mar-20 and then a solid bounce followed by a rally to $29.869 in August.
This month the price has further corrected to $21.665 marking an oversold RSI up to the daily timeframe.
Looking at the higher timeframes weekly and monthly,
- taking the history since 2013 into account, we could see a large cup formation to which the current drop could be seen as the handle pattern being worked out,
- taking only the recent drop into account, we could see a very interesting bull flag formation being worked out.
In either cases, a breakout over $28 might send Silver back to .786 fib level with a price target over $41 before a longer consolidation takes place (if it follows gold's path).
Silver is known as a lagger but it is also an aggressive mover since its cap is not as big as gold.
I am definitely going to increase my exposure to Silver and silver mining stocks as well.
Let me know you thoughts, like, follow and share to support my ideas.
Until next time !