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Silver

Silver Futures (CFD)Silver closed above 40 ema in daily time frame in trading session of day before yesterday, it automatically confirms that the silver has completed a complex correction recently, now there is a good chance that a major bottom is done. Silver can possibly make a move towards north direction in the forthcoming trading sessions, as per price we can say towards $24.89 which is the high of wave X and coincidently it is also top of current rising channel. on the way down, or in the worst scenario, the 20 day simple moving average and the lower end of the channel which around coincide around $22.62, will be the crucial support level to watch out for. fib key levels for target and whole scenario macd in weekly macd in daily positive and uptick rsi in weekly uptick stochastic in weekly stochastic in daily Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer i am not sebi registered analyst my studies are for educational purpose only please consult your financial advisor before trading or investing
TVC:SILVERLong
by RK_Chaarts
1
💡Don't miss the great buy opportunity in XAGUSD (SILVER)Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (22.66). . 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 above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 55. Take Profits: TP1= @ 23.14 TP2= @ 23.43 TP3= @ 23.96 TP4= @ 24.59 TP5= @ 25.12 TP6= @ 25.52 TP7= @ 26.00 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 ❤️
FOREXCOM:XAGUSDLong
by ForecastCity_ME
4
💡Don't miss the great buy opportunity in XAGUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (22.470). . 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= @ 22.787 TP2= @ 23.124 TP3= @ 23.404 TP4= @ 23.700 TP5= @ 23.954 TP6= @ 24.289 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 ❤️
FOREXCOM:XAGUSDLong
by ForecastCity_ME
6
#Silver #XAGUSD may have completed a long sideways correction Silver seems to have completed a rather long sideways correction to 21.42 levels. A labelled chart is shown. Yesterday's dip was a 5th wave downside thrust from a 4th wave triangle and found support at the earlier low in Sep '20 If yesterdays low holds, we are headed higher. The Risk to Reward on this trade is worth a bet on. Look for new multi year highs if 21.40 level holds The current count has a very small wave 2 (circle) and a large wave 4 (circle) - This is not ideal but we'll go with this for now. The alternate is that the current sideways move is Wave 2 and the Aug '20 high was wave 1 - this makes it a extremely bullish count.
TVC:SILVERLong
by SolomonsView
4