XAUAfter that great trade in Gold we had claiming over 150 pips, can we catch a move down using this harmonic structure on the 15m timeframe.
XAG
XAUPotential move for XAU, If we see a sell off in the DXY, I would wait for market volume before deciding to take this trade, and a bit more confirmation in the candles, but we may be able to buy XAU, up towards a target of $1827
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support of 23.75, a resumption of an uptrend is expected.
We make sure when the resistance at 28.75 breaks.
If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 48 is not broken, the probability of price increase would be too low.
A trough is formed in the daily chart at 24.50 on 07/27/2021, so more gains to resistance(s) 25.75, 26.60, 28.30, and maximum to Major Resistance (28.75) is expected.
Price is below WEMA21; if the price rises more, this line can act as dynamic resistance against more gains.
The relative strength index ( RSI ) is 46.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
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XAUUSD 8.1.21Here is a setup for a buy from 1800 zone at the .618 then price will expand into the 1.5 - 1.618
TP 1 is 1850 which is the target into previous resistance on the left
TP 2 is the extension target at 1881
SL is below previous low around 1790
SILVER Will Go Down! Sell!
Hello,Traders!
SILVER is retesting a strong daily resistance
And while a bearish reaction is already visible
I think that the metal will fall further down
Towards the dotted line
Sell!
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Silver and Gold similaritiesSome similarities plotted between silver and gold
The one major difference is that gold has broken out into 3.618 while silver is breaking out into 4.618
Common features are plotted on chart
Both look like they are ready to pump
✅SILVER WILL GO DOWN|SHORT🔥
🏛SILVER has moved up rapidly in the last two days
And the growth was stopped by the weekly resistance level
From where we are already seeing a bearish reaction
I think that Silver is now overbought(relatively)
Therefore, a correction is needed
So I think that the precious metal will sink further down
SHORT🔥
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GOLD, BUYERS LEG, SELL TO BUYIn the bigger picture of things we are essentially waiting on or selling to the long/buy opportunity around 1760, should 1833-1840 hold up as resistance and not be broken. Should it break we would seek buy stops around 1845.00
SILVER (XAG/USD) – Week 30 – Expecting the bears to stay put.In our previous analysis, we forecasted that the price will start a correction and drop towards the support. Unfortunately, we only got 50% of that right, as the price ranged the whole week.
In the coming week, we foresee the price to finish this pullback and drop towards the support level, eventually breaking it, having the potential to head into the $23 area.
Don’t forget that we are in a strong weekly bullish trend and in the medium-term to long-term we expect the price to reach the $50 psychological level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Archimede's principle in playXAG smashed down once again... however the more it is manipulated downward, the more buoyant force will be applied upward once the chains of manipulation are broken or no longer can be maintained.
We should see the break out to $36+ by EOY
I had a dream in which landfills were being mined for silver from old electronics....its coming
SILVERSilver Looking pretty overextended on the break down from the bear flag, looking for a bounce on support and staggering position hoping for a liquidity grab a little lower to secure a much better entry.
Only looking for a short term move for now but will consider resistance around 25.70 as a point to manage trade if it gets that high
SILVER triangle breakoutJust buying Silver @ 24.86, as it already broke the triangle (yellow) and pulled back to the range high BUY (which often acts as strong support). The grey trendline could act as a magnet attracting the price. For me it's good opportunity to get in with favourable risk reward ratio.
RRR 5.55
TP @ 31.9 which is resistance slightly below the projection of triangle height (projected from range mid-point)
SL @ range low
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support of 23.75, a resumption of an uptrend is expected.
We make sure when the resistance at 28.75 breaks.
If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The symmetrical triangle is taking shape, and as a continuation pattern suggests, we will soon see another leg higher if the price breaks and closes above the downtrend line of the triangle.
While the RSI resistance #1 at 48 is not broken, the probability of price increase would be too low.
A peak is formed in the daily chart at 26.75 on 07/06/2021, so more losses to support(s) 24.50 and minimum to Major Support (23.75) are expected.
Price is below WEMA21; if the price rises more, this line can act as dynamic resistance against more gains.
The relative strength index ( RSI ) is 39.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
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💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support of 23.75, a resumption of an uptrend is expected.
We make sure when the resistance at 28.75 breaks.
If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The symmetrical triangle is taking shape, and as a continuation pattern suggests, we will soon see another leg higher if the price breaks and closes above the downtrend line of the triangle.
While the RSI resistance #1 at 48 is not broken, the probability of price increase would be too low.
A peak is formed in the daily chart at 26.75 on 07/06/2021, so more losses to support(s) 24.50 and minimum to Major Support (23.75) are expected.
Price is below WEMA21; if the price rises more, this line can act as dynamic resistance against more gains.
The relative strength index (RSI) is 39.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
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Short XAGUSD at Resistance H4 Time Frame
Structure: Sideway
Bias: Downside
Resistance at 26.300. Go short to next Support at 25.700
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
SILVER a turn at the 0.618 🦐SILVER after the last bearish impulse retraced at the 0.618 first and then retested the 0.5.
Now the market is approaching daily support and according to Plancton's strategy if the market will break below we will set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
SILVER Bearish Bias! Sell!
Hello,Traders!
SILVER is trading between the horizontal support and resistance
And the metal failed to break the resistance level
Then broke out of the rising channel
And I think that after a pullback and a retest
Silver is likely to go lower
To retest the support below
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support of 23.75, a resumption of an uptrend is expected.
We make sure when the resistance at 28.75 breaks.
If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The symmetrical triangle is taking shape, and as a continuation pattern suggests, we will soon see another leg higher if the price breaks and closes above the downtrend line of the triangle.
A trough is formed in the daily chart at 25.50 on 06/29/2021, so more gains to resistance(s) 26.60, 28.30, and maximum to Major Resistance (28.75) is expected.
Price is below WEMA21; if the price rises more, this line can act as dynamic resistance against more gains.
The relative strength index ( RSI ) is 47.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
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. . . . . Please show your support back,
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💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support of 23.75, a resumption of an uptrend is expected.
We make sure when the resistance at 28.75 breaks.
If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The symmetrical triangle is taking shape, as a continuation pattern suggests, we will soon see another leg higher if the price breaks and closes above the downtrend line of the triangle.
A trough is formed in the daily chart at 25.50 on 06/29/2021, so more gains to resistance(s) 26.60, 28.30, and maximum to Major Resistance (28.75) is expected.
Price is below WEMA21; if the price rises more, this line can act as dynamic resistance against more gains.
The relative strength index (RSI) is 47.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
❤️ 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 ❤️
