Silver Silver (w):- 62654 CMP, at crucial support If closed below (62150/62000) this then 56600/58500 levels will come :)
1) Crucial Support Holding
2) Volume Contraction
Silver
SILVERM is forming falling wedgeSILVERM what will happened in silver next,
SILVERM is forming falling wedge
SilverIt has broken crucial near term support. To keen trend on upside it should close above red line on weekly basis
Buy Silver: Silver is ready for upmove Buy Silver: Silver is ready for upmove
All Details are mentioned on Charts.
A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
🥈 Silver As one can see Silver is falling but it is heading towards buying level but when we can buy here, only and only if we get reversal at Harmonic PRZ ( from that first dash line to that horizontal last line which one see at X point of Big Harmonic pattern). in this area if one can find reversal then can go long on this with given stop loss.
PRZ 1 :- 63836
PRZ 2 :- 63427
Stop Loss :- 62500
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
XAGUSD (SILVER) 150 Pips Profit RunningXAGUSD (SILVER) 150 Pips Profit Running, Going to hit 2nd TP soon. Congratsss Who took the trade.
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Silver is going to surpriseSilver analysis and trade management discussed.
Tell me in comments what you liked and didn't like in the video?
💡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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SILVER FUTURES MONTHLY - BULLISH ABOVE $29SILVER FUTURES has $24.860 for support and $29.150 for resistance in August. The precious metal is still bullish if it can close above $29.15 by this month or September.
Target $31.855 this year and $39 by April 2022.
SILVER ENCODED CALCULATIONSsilver most likely will drop after reaching the levels
if we see more further upside i will update as of now looking at drop
sooner or later ..just mark the calculated zones and trade
Silver and uranium looking bullish for this decadeSilver is forming 40 years long cup and handle which is looking very bullish and I think silver will perform very well in this decade
Silver Eyeing $40Multiple reasons to be bullish in Silver at this point of time:
Simple technicals:
1. A pennant formation.
2. Positive reversal where RSI forming lower low while price making higher low suggesting a fresh high can be seen in the instrument.
3. Trading at lower end of the consolidation and higher highs and higher lows formations in smaller time frames.
From Elliott wave perspective:
The formation seems to be panning out in a zig-zag structure at this point of time. And, if wave A equates wave B, the commodity will target $40-$44 range which, generally, is the case in a zig-zag structure.
Invalidation of immediate rally confirms below $23.78.
Silver Daily chart spot levelsPlease let me know what you think on this chart ..... if key level breaks it's a good option for short
Silver-Head & Shoulder pattern
-High of $ 30 tested in Feb but could not conquer.
-Black trendline from last Oct could be the last saviour.
Though I doubt that because eGold is also showing signs of short term bearishness.
T A R G E T : $ 19 (Dec 2021)
💡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
❤️ 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 ❤️
SilverIt has been lacklustre since touching the high of $ 30 a year back. It traded in the 22-30 for a year.
With a decisive break of the 200DMA on Friday at $25.7, it would have given sleepless weekend nights to the Silver Bulls.
The GANN Fan lines and Speed resistance lines are also not signaling any smooth up-move in the near term.
