Silver above support and about to break the downtrendCheck out the important support and resistance on the Day chart of Silver. One can go long tomorrow if it happens to break the trend line on closing basis.
Silveranalysis
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 19.65, resumption of uptrend is expected.
We make sure when the resistance at 26.20 breaks.
If the support at 19.65 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
While the RSI resistance #2 at 64 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 22.85 on 10/06/2020, so more gains to resistance(s) 25.65 and maximum to Major Resistance (26.20) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 53.
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Gold Long Buy At level 1881 Stop loss 1876 Target1*1889 Target 2*1898 Target 1906 If its break Long Term Target Will be 1921 Doller
SilverMini Futures Silver Mini again in a tight range. Red, Yellow and Green are Monthly, weekly and daily simple support and resistance. watch how it works guys!! Thank you.
SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 25.65, resumption of uptrend is expected.
We make sure when the resistance at 29.85 breaks.
If the support at 25.65 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
While the RSI support #2 at 52 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 28.85 on 09/01/2020, so more losses to support(s) 26.20 and minimum to Major Support (25.65) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 53.
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
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Trade well, ❤️
ForecastCity English Support Team ❤️
Silver - XAGUSD, A walk through.Price retesting the previous resistance levels, if closes above the immediate high then it will definitely reaches the next resistance level 35.
Silver #XAGUSD #Elliotwave short term #15minchartLook to get in on the dip in C wave in the next couple of hours before the upward resolution out of the triangle resumes to the upside
look for the long term view in the previous tweet
SILVER COMEX TRENDSILVER COMEX is on the verge of Breakout of Range, Today if SILVER COMEX Sustains above 27.30$ we can see upward swing in Silver in the next few trading session. Keep a close Eye on SILVER COMEX for the Trading opportunity. 👍
Silver Breakout Not Confirmed YetA consecutive breakdown below to 23.60% means 38.20% ( 64K - 62K ) will come soon.
Otherwise, it will keep moving forward for 72K - 73K+ .
Silver MCX falling| Will it fill the Gap? MCX Silver had a steep fall on 11 Aug 2020.
There are two gaps at 57k and 54k .
Fib retracements show them amidst possible entry level.
Silver1! Long EntrySilver a good long term bet if it manages to cross the 74865 levels then
T1 - 75380
T2 - 76200
with SL - 74500
silvermicro 10 aug 2020this chart showing that silver may open gap up and may go till its all time high one more time RRR is in chart
Silver (MCX) Day Trading Shorting Opportunity in Silver Future (MCX). Use a 1-Min time frame to enter.
Silver - BuySilver has formed symmetrical triangle pattern, If it break upside with strong volume then it has tendency to break the long term resistance zone, strong up move is expected.
SILVER MCX ENTERED BULLISH ZONESILVER MCX Enters Bullish Zone Breaking Channel upper resistance as seen on the chart. We can see Levels of 51500 in the coming days. Silver MCX will enter bearish zone only once closes below 47500
Silver - Breakout - Symmetrical TriangleSilver has given a clean breakout from symmetrical triangle pattern on 15 mins time frame.
Initiate long.
Target: 15.840
Stoploss: 15.440
Silver - Symmetrical Triangle Pattern - 4 hourHope it break it soon and tend to move upside. Wait for the breakout and confirmation candle.
Silver might go to 75000!!!!!Here is a long term analysis of silver, it might be ready to fly to a target of 42 dollers in the coming months, it is in the bulg of explosion.
Don't miss the great buy opportunity in XAGUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (17.87). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. SILVER/U.S. DOLLAR is in a range bound and the resumption of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 18.33
TP2= @ 18.73
TP3= @ 19.65
SL= Break below S2
Silver fall coming soonSilver rallies look like fake and could fall steeply if it fails to rise above $18.5 in near short term. This is the same time some videos were published by Robert Kiyosaki on May 22nd, 2019 where he believes silver will go up. There are many other people propagating the same ideas trying to boost up silver which actually happened but failed to go past $18.5 or sustain above $18.1 many times in the last 7 months. I see a serious fall if it fails to rise above the $18.5 levels with people holding it liquidating positions soon. See the video on youtube search for Why Robert Kiyosaki buys Gold and Silver -Robert Kiyosaki and see the date of posting.
Don't miss the great buy opportunity in XAGUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (17.45). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 18.17
TP2= @ 18.70
TP3= @ 19.63
SL= Break below S2
Don't miss the great buy opportunity in XAGUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (17.80). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 18.32
TP2= @ 18.72
TP3= @ 19.63
SL= Break below S2
