Silver on weekly resistance comex chart , looks for retrace on forthcoming weeks
it is entering zone of resistance where it can feel heat and spend some time before breakout !
XAGUSD HEAD and Shoulder pattern observed . Expecting breakout from the current level and test the resistance level at 24 and 26. Need some news or event to go higher with good volume till we don't receive the news or any event occur till the time we are gonna consolidate at the current level . Follow for more :)
Silver is now ready to dip down and to unfold wave 5 of (C) and as per equality, Target of (C) equal to (A) is pegged at 19.963 and 1.618 is pegged at $ 18.350, which can be stop loss for fresh long positions to be made below $ 20. Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor...
silver hold 21.70 blw soon 19.70 expect any rise sell sl 22.65 yes sl cls base as per trend analysis until close abv 22.65 no upward move in weekly charts rsi or candlestick formation bear favor
Silver (XAGUSD) has formed a head and shoulders type rounding top on the 4h time frame. The price is still at the supply line. A breakdown below this line would be bearish for the commodity with measured move target of 21.75. Price action at 23.15 to 23.50 zone is critical and would decide the next course of action.
TVC:SILVER silver 1 hr time frame - RSI divergence - Bullish above 22.40
As per Elliott Wave Analysis , Big upside rally can possible in SILVER . On daily timeframe, waves 1,2,3 & 4 are completed. Wave 2 retraced more than 61.8% of wave 1 & shows Irregular Correction. Wave 4 retraced 38.2% of Wave 3 & shows Complex Correction ( Triple Zigzag Correction). Wave 3 is extended wave. Now, regular targets of 5th wave shall be $25.16,...
Silver Chart with Fibonacci Levels, Gann Square of 9
On Weekly Basis: Silver completed its correction from USD 12 to 29 in its Grand Wave. There is a support at 23.35 and 22.15 on weekly charts. Grand Correction Wave A, B and C is over in Silver which started in August 2021. B Wave got over in Feb'22 and C Wave got over in August,22. One can be cautiously optimistic and it provides a good choice to buy at 23 or...
SILVER BUY trade Signal SILVER has broken the Resistance trendline and closed above waiting to retrace the support area if the market retest the support area then it will be a good opportunity for a long with very good risk-reward Always trade with Stop Loss
$Xagusd H4 Bearish Divergence Also Double Top Possible To Fall till (20.45)..!!
supply zone shorting area trend is up good rr available
Buy Silver Xagusd Upmove Consolidation over Looks Strong
Silver is currently in bullish mode & Major Resistance Breakout and now resistance lvl will be make it as currently support lvl. it can be retest the current support support lvl and it will be a possible to touch the upper trend line near $24+ Use strigtly sl below the current support lvl.
Wave 5 seems to be completed can expect wave A downward can give about 6.3% , SL is necessary which can be kept 1.17% above.
Hello Traders, Hope you all are doing good!! I expect SILVER to go Down after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can...