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 trade ideas
A second Chance to Buy in XAGUSD...New trading suggestion:
* The price is in a range bound and we forecast the uptrend would resume.
* There is still a possibility of temporary retracement to suggested support line (15.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (15.85).
Midterm forecast:
. While the price is above the support 15.85, resumption of uptrend is expected.
. We make sure when the resistance at 18.35 breaks.
. If the support at 15.85 is broken, the short-term forecast -resumption of uptrend- will be invalid.
. We will close our open trades, if the Midterm level 15.85 is broken.
Technical analysis:
. The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle.
. While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low.
. A peak is formed in daily chart at 18.35 on 06/01/2020, so more losses to support(s) 17.50, 16.50 and minimum to Major Support (15.85) 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 57.
XAGUSD, Silver vs Dollar Weekly analysis , May 25-29Silver price action gives a bearish idea , it may go down to touch 15.8.. from there it may start the new month price action..
$Silver started its race.silver started its aggressive mode after several years . i hope it will continue its uptrend .
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 elliot wavesCurrently silver is trading on 5th wave of elliot impulsive,in which it is in 2md subwave which is a correction wave. Buy at 0.5 or 0.618 ratio of subWave 1 will be more beneficial.
Silver - Symmetrical Triangle Pattern - 4 hourHope it break it soon and tend to move upside. Wait for the breakout and confirmation candle.
SILVER - KEY LEVELS Hi, today we are going to talk about SILVER and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.
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up trendIndication of an upward trend. Additional supply growth can be achieved if demand for precious metals increases.
Price consolidating at key areaPrice consolidating in the key area. looking relevant Price Action Bar to jump into trade. I am more preferring the short.
Let's see....
Silver : Make or Break Level 13.5Price of silver had an upside breakout but failed to reach it's target 26.00
Coming of price aging in triangle pattern is very risky for long position.
A very grim situation may arise in silver if it breaks down 13.5 level.
Exxxxxxxxit all long below this.
SilverWill $13-14 act as buying zone ? Will silver rise when global economic predictions are for recession ?
