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SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 22.15, resumption of uptrend is expected. We make sure when the resistance at 26.00 breaks. If the support at 22.15 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg lower if price breaks and closes below uptrend. The RSI resistance #1 at 56 is broken, so the probability of resumption of uptrend is increased. A peak is formed in daily chart at 25.99 on 11/06/2020, so more losses to support(s) 23.05 and minimum to Major Support (22.15) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 48. ❤️ 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 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 ❤️
FOREXCOM:XAGUSD
by ForecastCity_ME
5
#SILVER #XAGUSD a 50%upward correction seems completeSilver spurt up in Wave C to complete Wave Y as indicated few hours back. This now seems to have reached the minimum corrective move. If the correction is complete, then we should head down in a large move making new lows. For now a move below 24.20 , the wave B low should confirm the down move has started. An earlier entry may be possible, will see how this plays out and publish when clear The larger trend is now down GOLD should play out in similar fashion
TVC:SILVERShort
by SolomonsView
3
SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 22.15, resumption of uptrend is expected. We make sure when the resistance at 26.20 breaks. If the support at 22.15 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI resistance #1 at 56 is broken, so the probability of resumption of uptrend is increased. A trough is formed in daily chart at 22.58 on 10/29/2020, so more gains 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 60. ❤️ 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 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 ❤️
FOREXCOM:XAGUSDLong
by ForecastCity_ME
2
SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is below the resistance 26.20, beginning of downtrend is expected. We make sure when the support at 19.65 breaks. If the resistance at 26.20 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: The RSI downtrend #1 is broken, so the probability of beginning of downtrend is decreased. While the RSI resistance #2 at 56 is not broken, the probability of price increase would be too low. A peak is formed in daily chart at 25.50 on 10/12/2020, so more losses to support(s) 23.05, 22.15, 21.00 and minimum to Major Support (19.65) 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 50. ❤️ 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 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 ❤️
FOREXCOM:XAGUSD
by ForecastCity_ME
6