SILVER Shall Fall! Sell!
Hello,Traders!
SILVER was retesting the horizontal resistance level
And now we are also seeing a bearish breakout
So the bearish vibe is dominating
And I think the price will fall further down
Sell!
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XAG
Daily Futures Volatility Forecast 27 May 22 Gold, Silver, OilGOLD XAU USD 27 May 2022
For today, the current expected volatility is going to be below 1.5% with a chance of probability of 88%
This is going to be translated in a movement of +- 27.6 from opening candle
Taking into account the close candle price which was around 1850 we can consider our daily channel the next
TOP 1878
BOT 1823
For today we have no big fundamental news which can affect the price of the asset.
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SILVER XAG USD 27 May 2022
For today, the current expected volatility is going to be below 2.78% with a chance of probability of 88%
This is going to be translated in a movement of +- 0.62 from opening candle
Taking into account the close candle price which was around 21.98 we can consider our daily channel the next
TOP 22.6
BOT 21.37
For today we have no big fundamental news which can affect the price of the asset.
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US OIL 27 May 2022
For today, the current expected volatility is going to be below 4.6% with a chance of probability of 88%
This is going to be translated in a movement of +- 5.25 from opening candle
Taking into account the close candle price which was around 114 we can consider our daily channel the next
TOP 119
BOT 109
For today we have no big fundamental news which can affect the price of the asset.
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Weekly Volatility Forecast 23-29 May 2022 Gold & SilverGOLD 23-29 May 2022
We can based on the last month analysis, that the current volatility is around 3.66%
This is translated into 68$ from the current point.
So lets imagine that GOLD is going open Monday candle around 1845
With that in mind, with close to 86% probability of pointing correctly the top and bottom places we are going to have:
TOP 1845 + 68 -> aprox 1913
BOT 1845 - 68 -> aprox 1777
If we want at the same time to narrow a bit this channel, we can go for close to 76% probability.
In this case the volatility would be around 2.75% => 50$
TOP 1845 + 50 -> aprox 1895
BOT 1845 - 50 -> aprox 1795
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SILVER 23-29 May 2022
We can based on the last month analysis, that the current volatility is around 6.93%
This is translated into 1.5$ from the current point.
So lets imagine that SILVER is going open Monday candle around 21.7
With that in mind, with close to 86% probability of pointing correctly the top and bottom places we are going to have:
TOP 21.7 + 1.5 -> aprox 23.2
BOT 21.7 - 1.5 -> aprox 20.2
If we want at the same time to narrow a bit this channel, we can go for close to 76% probability.
In this case the volatility would be around 5.2% => 1.1$
TOP 21.7 + 1.1 -> aprox 22.8
BOT 21.7 - 1.1 -> aprox 20.6
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SILVER Retesting Resistance! Sell!
Hello,Traders!
SILVER broke a key horizontal level
And is now retesting the new resistance
So a bearish reaction is to be expected
With the price moving down to retest
The demand level below
Sell!
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Expected Key Points Silver 17 May 2022SILVER 17 May 2022
The daily expected volatility is around 1.75%
With an 80% accuracy based on the historical data, we can assume that the price of SILVER/XAGUSD today is going to be between
TOP 21.95
BOT 21.2
All of this taken into account with the opening price of today which was 21.57
From VOLUME POC point of view its above 21.6 which imply a bullish momentum at this very moment.
From Fundamental/News point of view that can affect SILVER price:
In 10h from now, FED Chair Poweel speaks
SILVER - Get Yourself Ready 🚀Silver is looking really good for BUYS very soon.
We are currently still within the C wave, which is made up of 5 subwaves. We've completed the 3rd subwave and seeing the 4th subwave now. The 5th subwave is when we should ready ourselves for the big buy. Price is within a channel and the -27 fib falls nicely within the channel support. Will be looking to buy Silver around there.
Trade Idea:
- Watch for the 5th wave back down to 19 level.
- Once price approaches the buy zone, watch for channel bounce and/or trendline breakout to get your entry
- SL will be below the channel
- Targets: 27, 30
Please note that subwaves 4 and 5 can be traded whilst you wait for the big buys.
Goodluck and as always, trade safe!
SILVER Breakout Short! Sell!
Hello,Traders!
SILVER finally broke a massive key level
And while the final conclusion will need to be made
Based upon the weekly candle close
Still, this is a powerful signal for us
And there is a high chance
That after the pullback and retest
Of the broken level we will see a move down
Towards the target below
Sell!
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💡Don't miss the great buy opportunity in XAGUSD (SILVER)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (22.64).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAGUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 23.20
TP2= @ 23.56
TP3= @ 23.91
TP4= @ 24.52
TP5= @ 25.03
SL= Break below S2
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💡Don't miss the great buy opportunity in XAGUSD (SILVER)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (22.64).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAGUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 23.20
TP2= @ 23.56
TP3= @ 23.91
TP4= @ 24.52
TP5= @ 25.03
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
SILVER Support Ahead! Buy!
Hello,Traders!
SILVER has been falling for some time now
But the key horizontal support level is ahead
So I think that after the pair retests the support
A bullish rebound and a move up will follow
Buy!
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