WaitOrAvoidSince posted Silver is down from 20 to 18.24. First target of 18.44 is achieved. Still there is enough room for down move. Nothing to be hurry to buy or accumulate the ETF's. Better one can wait with patience.
14-15 could be an ideal level to start accumulation on the correction. Otherwise I will like to wait for a VSA-SAR buy signal on a daily/2D TF before buying it. Dollar index keep on rising. Precious metals are expected to stay under pressure. Still stand on the sell signal.
SILVERCFD trade ideas
💡 SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 19.750, resumption of uptrend is expected.
We make sure when the resistance at 24.000 breaks.
If the support at 19.750 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 20.890 on 06/14/2022, so more gains to resistance(s) 21.452, 22.127, 22.995 and maximum to Major Resistance (24.000) 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 42.
Supports and Resistances:
60.000
49.800
44.200
37.500
33.450
29.850
28.304
26.940
13.600
11.250
9.400
8.450
7.650
7.000
6.200
5.450
4.400
❤️ 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 / Crypto 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 ❤️
silver short on hourly candles for approximately 1-2 daysafter impulsive 5 waves
the ongoing sideways formation is abc formation
the wave a of the same has been completed.
the wave b consisting of elliott triangle is marked by a-b-c-d-e
the current downside is the wave c and this should minimum reach the levels of wave A ,
ideally it is beyond that . ( we will review the TAKE PROFIT levels later .
GO SHORT ON this ...
I AM LONG in current future contract and short on next future contract.
OVERALL I am bullish on silver this is just short term trade ....
Silver Trading Plan - 06/Apr/2022Hello Traders,
Hope you all are doing good!!
I expect silver to go UP after finishing this correction.
Look for your BUY 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 evolve anytime, hence, always do your analysis and learn trade management before following any idea
💡Don't miss the great buy opportunity in XAGUSD (SILVER)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (22.64).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 23.20
TP2= @ 23.56
TP3= @ 23.91
TP4= @ 24.52
TP5= @ 25.03
SL= Break below S2
❤️ 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 / Crypto 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 ❤️
Silver refreshes three-month low, bears eye sub-$22.00On Friday, silver prices closed at the lowest levels last seen during early February while portraying a seven-day downtrend. Not only that, but the bright metal also ended up breaking the key support line stretched from mid-December 2021. The south-run, hence, gets validation to challenge a four-month-old horizontal area surrounding $21.90. However, oversold RSI may test the bears around 78.6% Fibonacci retracement (Fibo.) of December 2021 to March 2022 upside, near $22.60-55. Should the quote remains weak past-$21.90, the downside move won’t hesitate to challenge the late 2021 bottom of $21.40.
Meanwhile, the corrective pullback will initially aim for the 61.8% Fibo level close to $23.50. Following that, the 200-DMA and the 100-DMA can question the optimists near $23.80 and $23.90 respectively. Also acting as an upside hurdle is March’s low near $24.00 and January’s high near $24.70.
Hence, silver bears have control until prices rally beyond $24.70. Though, there’s a bumpy road to the downside.
SILVERSilver is still in triangular correction on weekly time frame and now it has weekly closed below RK's stop loss line which is a sign for weak sentiments again also weekly macd is about to turn bearish again so we can assume that after completing wave a-b-c-d- now we are unfolding wave e in triangle pattern, which can be last decline before breakout towards north move ahead, so if our assumptions are going to be true then silver can fall towards price of $ 21.40, before it turns bullish for a long term rally to start, On up side we can assume $ 30.72 as 0.618% of wave 3 as a target of wave 5 of bigger degree.
Overall wave structure and chart pattern
Price closed below weekly RK"s stop loss line
weekly macd down tick
Daily macd turned negative again
Daily rsi down tick and closed below 40 range
DMI _ ADX turned negative
TLBD along with near Lbb to challenge
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Silver & Gold Astrological Prediction 20/4/22HI,
On the basis of astrology Today XAUUSD and XAGUSD can remain in this range, if the market is bullish then the market XAUUSD can go up to $1959 and if bearish then the market can stop around $1935 Buying around these prices and can also sell .
XAGUSD can go up to $25.39 and if bearish then the market can stop around $24.82 Buying around these prices and can also sell .
Silver & Gold prediction by Astrological 19/04/22HI,
On the basis of astrology Today XAUUSD and XAGUSD can remain in this range, if the market is bullish then the market XAUUSD can go up to $1997 and if bearish then the market can stop around $1968 Buying around these prices and can also sell .
XAGUSD can go up to $26.20 and if bearish then the market can stop around 25.44 Buying around these prices and can also sell .