Silver will fall 10% - AGQ will fall 20% for retracementA 70% chance that silver provides a retracement next week, as the attacks on Israel by Iran are not coming out - and the West is getting desperate (I smell a false flag if Iran doesn't bite).
Asia (ChIndia - China & India) are hodling silver and gold and will provide the impetus for the forward price of precious metals.
TTM squeezes normally see price bounce off the opposite end as a fakeout before its continuation. I see that on multiple smaller TF's and a retracement to the middle BB on higher TF's.
I see a huge boost of silver miners coming up shortly, but for now I see a consolidation happening. Options for AMEX:AGQ was .05 for $36 June, so I see this going up to $1 or 20x if all goes as planned.
Then time to reload for metals blasting off!
XAG USD ( Silver / US Dollar)
Natural Gas Price Forecast | Oil, Silver, Gold00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
06:37 AMEX:UNG Stock Forecast
08:46 USO Oil Stock Forecast
10:37 DXY US dollar Stock Forecast
11:33 Gold XAUUSD Stock Forecast
12:38 Silver XAGUSD
Natural Gas Price Forecast | Oil, Silver, Gold DXY
Silver May Resume Its UptrendSilver may resume its uptrend after recent corrective decline from technical point of view and by Elliott wave theory.
We have been talking a lot about bullish metals in the past months and they may easily stay in the uptrend, especially now when bonds across the globe are recovering away from the supports.
We have seen some slow down on silver recently, but we believe it's just a corrective setback within ongoing bullish trend, as we see an unfinished five-wave bullish cycle.
If we take a look at silver from Elliott wave perspective, we can see a nice three-wave A-B-C correction, which can belong to a higher degree wave 4, so soon be aware of a bullish resumption back to highs within 5 wave.
Extension in the metals market for the fifth waveEsteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules.
As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy.
I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision.
For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea.
My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace.
I express my gratitude for your continued support and kindness, and welcome your comments and critiques.
May my analysis be a valuable asset to your business journey, and I remain sincerely yours,
Mr. Nobody
Double zigzag corrective pattern bearish scenario
SILVER My Opinion! BUY!
My dear friends,
Please, find my technical outlook for SILVER below:
The price is coiling around a solid key level - 26.465
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 27.488
Safe Stop Loss - 25.807
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
SILVER XAGUSD Bullish Robbery PlanMy Dear Silver Robbers / Traders,
This is our master plan to Heist Bullish side of SILVER MARKET based on Thief Trading style Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target.
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Natural Gas Price Forecast | Oil, Silver, Gold00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
09:07 AMEX:UNG Stock Forecast
12:15 USO Oil Stock Forecast
15:22 DXY US dollar Stock Forecast
16:43 Gold XAUUSD Stock Forecast
17:28 Silver XAGUSD
Natural Gas Price Forecast | Oil, Silver, Gold
The Price of Silver is Falling for the Second Consecutive WeekThe Price of Silver (XAG/USD) is Falling for the Second Consecutive Week
Following a surge in the price of silver close to the important psychological level of $30 per ounce on April 12, bearish momentum is now evident - concluding the week may mark the second consecutive week of decline for XAG/USD.
The decline in demand for silver could be linked to the decrease in gold prices.
Conversely, gold is losing its appeal due to:
→ easing geopolitical tensions in the Middle East;
→ gold's lack of yield, which is deemed unattractive in a high interest rate environment that may persist due to the Federal Reserve's policy - investors are given reason to favour low-risk bonds in their portfolios.
Technical analysis of the XAG/USD chart today shows that:
→ the price of silver is descending towards the breakout area of significant resistance (shown by the red line) - this line could now act as support;
→ support can also be expected from the median line of the ascending channel (shown in blue).
Note that the RSI indicator on the daily chart is below the 50.0 level. This makes it reasonable to expect bulls to attempt to resume the upward trend from the mentioned support levels around $25.75 per ounce of silver.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Natural Gas Price Forecast | Oil, Silver, Gold00:00 Natural Gas futures stock NatGas Support & Resistance Guide
04:04 AMEX:UNG Stock Forecast
04:42 Oil Price Forecast
05:50 DXY US dollar Stock Forecast
06:50 Gold XAUUSD Stock Forecast
08:36 Silver XAGUSD
Natural Gas Price Forecast | Oil, Silver, Gold
SILVER XAGUSD Bearish Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist Bearish side of Silver Jewelry based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Short entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change / Strong Pullback happens at the level Bear Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target🎯.
support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Silver looks like it could take another 10% haircut before 🚀"That's a HUUUUGE wick" - Deuce Bigalow
Not uncommon for PA to come back down to touch the 20ema - which intersects a big trendline AND illustrates a backtest to the broken downward trendline. I anticipate this move happening fast, and could be combined with a minor market drop overall.
Exo-political situation that's escalating is the USDJPY - and the BOJ is taking it's good ole time with correcting its currency. When they dump treasuries I anticipate a vertical trajectory of precious metals AND miners. When that happens (not IF) that will over-ride any PA - so it might be wise to start building longer positions i.e. OTM call options slated for July expiration ( AMEX:AGQ ).
Since all Central Banks are reactionary in nature, the FED will wait till something breaks in the bond/treasury market but that can't happen until the BOJ dumps treasuries. And that can't happen until the dollar's ascent forces them to do this. So I see a higher dollar still, which will reflect the blunting of precious metals.
SILVER (XAGUSD): Pullback From Key Level 🥈
Silver is testing a key daily horizontal support at the moment.
I see a strong bullish reaction to that on an hourly time frame:
I see a confirmed breakout of a resistance line of a falling wedge pattern
and a double bottom formation.
I expect a pullback at least to 26.64
❤️Please, support my work with like, thank you!❤️
Correction in the larger degree of the wave (double zigzag)Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules.
As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy.
I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision.
For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea.
My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace.
I express my gratitude for your continued support and kindness, and welcome your comments and critiques.
May my analysis be a valuable asset to your business journey, and I remain sincerely yours,
Mr. Nobody
Silver H4 | Bullish bounce off 61.8% Fibonacci support?Silver (XAG/USD) ) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 26.54 which is a pullback support that lies above the 61.8% Fibonacci retracement level.
Stop loss is at 26.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 27.94 which is a pullback resistance.
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SILVER Expected Growth! BUY!
My dear subscribers,
This is my opinion on the SILVER next move:
The instrument tests an important psychological level 27.231
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 27.907
My Stop Loss - 26.808
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK