XAGUSD trade ideas
Silver can go long .As per above Chart can go long almost 2.7% or above. as per my Study it can be Wave C of bigger Wave 2.
Note - before taking trade please do your own Research.
Silver may be UP for some time till maySilver may finish up for may month. Neutral Triangle might be in progress.
#Silver - Nested H&S inside a larger H&S- hourly chartSilver is forming a nice H&S and nested H&S
IF price breakout of the rectangle at the right shoulder it could go higher
SILVERAfter sideways correction, Recently Silver started new impulse move, and now setup suggests that probably wave a-b-c decline in wave ii is complete,
Silver retraced nearly 61.8% of the recent rise, also retested its triangular breakout point and recovered sharply.
Once it gives positive close above 0-B trendline (purple resistance trendline) then it confirms that wave iii has started.
RK's buy signal activated on daily time frame
Support from rk's stop loss line along with lower bollinger band
Silver retraced nearly 61.8% of recent rally
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
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Silver Shall Become More DearerTVC:SILVER
Silver Shall Touch Or Cross 28$ Per Ounce.
Silver looks bullish.
Top countries producing silver are affected after Russia Ukraine crisis
Sell @ 25.64 sl 25.85Technically seem to bought zone may correct up to 25.4 and if force come may correct up to 25$
Short SilverSilver is near resistance trendline and as per wave count this would be beginning of wave C in corrective pattern. RSI is also showing rejection from 60 level.
Silver bears have limited territory to rule, 200-SMA is criticalSilver’s U-turn from 50-SMA gains support from downbeat RSI, not oversold, to direct the sellers towards a monthly support line of around $24.50. While the MACD conditions hint at the receding bearish bias and suggest a bounce off the stated trend line support, the 200-SMA level surrounding $24.30 acts as a last defense for the bulls. Should the bright metal drop below $24.30, the bears will tighten grips while aiming 61.8% Fibonacci retracement of February-March upside near $23.80.
Meanwhile, recovery moves will have a tough time crossing the $24.35-40 resistance confluence including the 50-SMA and a downward sloping resistance line from March 10. If at all the silver buyers manage to cross the $24.40 hurdle, the bulls will target the $26.10 level comprising multiple tops marked in the last three two weeks. It’s worth noting, however, that a sustained run-up beyond $26.10 could open doors for the metal’s rally challenging the monthly top close to $27.00.
Overall, silver prices are likely to witness further declines but the room to the south is limited.
Bullish🟢 #Silver taken support near 22.6 zones and bounced strongly.
🟢 RST- SAR system has given bullish reversal signal on D/2D/W
🔵 Buy above 23.05 for TGT of 23.40/23.75/23.95/24.69/25.40
🟢 One may even think of buying Silver ETF avoiding the FnO
Head and Shoulder in SilverSilver expected to bottom more 5-6% value
Head and Shoulder at top with Divergences.
Kaboom , Kaboom New world Record of High This is Going to be Explosive move to upside
it Will make New World record as New High
I am using 10 Day charting system so take trade with your own Method
Kaboom Kaboom
Yeeeeeeeeee haaaaaaaaaaaaaa
Silver pierces six-month-old resistance despite overbought RSISilver pierced 61.8% Fibonacci retracement (Fibo.) of May-September 2021 downtrend to refresh seven-month high on Tuesday. Following that, an upward sloping trend line from September 2021 challenged the metal’s buyers but couldn’t hold the forte. Also acting as the key hurdle is the overbought RSI conditions suggesting a pullback. Given the quote’s sustained trading above the $26.20 trend line figure, the 78.6% Fibo. level surrounding $27.15 and multiple levels marked during mid-2021 around $28.20 will question the commodity’s rally targeting the May 2021 peak of $28.72.
Alternatively, a pullback in silver prices, which is widely anticipated, needs validation from the late 2021 peak of $25.35. Following that, January’s high of $24.68 and the 200-DMA near $24.10 will gain the market’s attention. If at all the commodity prices break $24.10 DMA support, it becomes vulnerable to test the 2022 bottom close to $22.00. During the fall, the 100-DMA level of $23.50 may act as an intermediate halt.
To sum up, silver prices stay above the short-term key resistance line as the oscillators suggest a pullback move.
silver view just view only silver today upcoming view just view only silver today upcoming view watch only scrpt
SilverAfter falling silver has again formed W pattern this W pattern can again bring in some bears
Following are the zones where we can expect the entry of bears
Silver bulls eye 200-DMA on Russia-led risk-off moodAfter three consecutive weeks of upside, silver had a sober start to the current week as it marked the first negative daily closing in four. However, the latest anti-risk headlines, mainly concerning odds over the Russian invasion of Ukraine, help XAG/USD to refresh its monthly high. Also, the bright metal remains above a 13-day-old support line amid firmer RSI and MACD signals. As a result, bulls can keep the 200-DMA level of $24.30 on the radar once the quote pierces the $24.00 threshold. It should be noted, however, that the metal’s upside past-200-DMA may become difficult due to the RSI’s nearness to the overbought territory, if not then the previous monthly peak surrounding $24.70 should return to the charts ahead of directing buyers to $25.35 key hurdle.
Meanwhile, pullback moves remain elusive until breaking the stated support line, around $23.65 at the latest. Following that, a downward trajectory towards the 100-DMA level near $23.30 and then to the $23.00 threshold can’t be ruled out. It’s worth noting that a 78.6% Fibonacci retracement (Fibo.) of September-November 2021 upside, near $22.20, should lure silver bears once they break $23.00.
Overall, silver remains in the recovery mode with an intermediate pullback testing short-term technical support.
decending triangle on daily time framethe price has been forming lower highs since the last 2 swings and has respected the trend line with a doubble top. Could be a good shorting opportunity.
Silver hourly diamond patternSilver
Hourly chart forming a diamond pattern nested inside a widening wedge
Silver ( XAGUSD )Silver is side ways expecting movement in coming 2 month by breakout from current resistance line .
Elliott wave view: SILVER Short #Silver may be completing wave (iv) as a shallow correction at 24.02 and beginning to decline in wave (v) The outlook is #bearish while the recent peak holds."
Silver remains vulnerable to further downside despite reboundSilver prints corrective pullback around three-week low, bouncing off 78.6% Fibonacci retracement (Fibo.) of December 15 to January 20 upside. It’s worth noting, however, that the MACD remains bearish and the RSI is off the oversold territory while silver prices keep a downside break of a seven-week-old ascending trend line. As a result, XAGUSD bears remain hopeful to revisit the $22.00 support. Following that, lows marked in December and September of 2020 around $21.40 become crucial to watch.
On the flip side, silver’s recovery moves beyond the previous support line, around $22.65, will be challenged by the 200-SMA level of $22.95. Also acting as a nearby upside hurdle is the $23.00 round figure, a break of which will direct buyers towards a fortnight-old resistance line, around $23.45. Should silver prices remain firmer past $23.45, the 50-SMA level near $23.60 as a last line of defense for bears, following that the metal’s run-up towards the $24.00 round-figure and January’s peak of $24.68 should return to the charts.
Silver Intermediate CountI see C is not yet complete, if this is true, projection for D is not required as target will reach in C itself.
