SILVER trade ideas
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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XAGUSD also known as SilverLet the price come out of flag pattern for breakout. 238% levels in fibonacci are not available on Tradingview but silver is taking support from that level 25.6 USD. SL should be kept at 25.6 USD.
Views are for educational purpose only
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.
Alternate path for Silver #XAGUSD #ZigzagToo many posts tracking the triangle breakout - This shows there is only a onesided view, the alternate path Silver can take is given in the red labeling - this could turn out as a A_B_C zigzag before it moves up catching the triangle watchers unaware. Be on the watchout for the alternate path for Silver. At this point traingle is under threat unless it moves up immediately
Blue labels - Triangle
Red labels - Zig Zag
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 #XAGUSD should break out of the triangle to the upsideSilver #XAGUSD should break out of the triangle to the upside in the next day or two.
Risk level will be 26.82
A separate short term view will be published following this - watch out for it.
SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
. While the price is below the resistance 29.85, beginning of downtrend is expected.
. We make sure when the support at 19.65 breaks.
. If the resistance at 29.85 is broken, the short-term forecast -beginning of downtrend- will be invalid.
T echnical analysis:
. The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
. While the RSI support #2 at 45 is not broken, the probability of price decrease would be too low.
. A trough is formed in daily chart at 26.00 on 08/21/2020, so more gains to resistance(s) 28.35 and maximum to Major Resistance (29.85) 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 60.
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Silver USD/OzAfter a bull run now pausing for direction. Sym. triangle Breakout/Breakdown expected. Trade as per the levels given in the chart.
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 poised for Rally 2.0Silver looks to get needed support at trendline. And volume looks to be positive for heading to $30. Gold movement can help again.
MCX- Trade Idea to take Silver Micro. and keep adding at lower levels till $25 is protected.
XAGUSD: Silver inside a 15min RangeLooking for a short entry on break below 27.085 lvls on 15 min tf on closing basis.
XAG USD BUY OPERTUNITY AB=CD PATTERNBlue line indicates AB=CD pattern and the Red line indicates a minor AB=CD pattern
green box indicates its potential target area
and candles also formed a triangle pattern....
look for a breakout and retest to enter the trade with proper stoploss
SILVER Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 29.85, beginning of downtrend is expected.
We make sure when the support at 19.65 breaks.
If the resistance at 29.85 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
While the RSI support #2 at 45 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 23.39 on 08/11/2020, so more gains to resistance(s) 27.00, 28.35 and maximum to Major Resistance (29.85) 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 59.
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. . . . . Please show your support back,
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Trade well, ❤️
ForecastCity English Support Team ❤️
Silver ChartSilver breaking out on weekly and monthly charts after 5+ years of consolidation. Retest can be good entry point.. Don't book your profits just trail you SL. Continue to keep adding position.. Target open. Break of SL 21 week ema
