Silver Elliott Wave analysis (alternate)Om Namah Shivay Silver can be more properly analyzed with EW. In this the last leg does not have the Triangle. As there it is wrong to place a triangle. Om Namah Shivayby sudhannayak0
Why Silver started going down from 6-1-2021Om Namah Shivay Brothers, Silver started going down from 6th Jan onwards. And the reason being analyzed in the chart. It is amazing to see the lower timeframe analysis giving the level from where the flat 2 structure should tip. All data and reason are drawn and It shows the amazing result. Om Namah ShivayShortby sudhannayak110
Silver bouncing from the supportSilver bouncing from the support. One can take long positions now for a target of 27.7 , 29.85, 32.40, 35... Longby muralikumarUpdated 0
silver is writing lb pattern silver is writing lb pattern entry and target mentioned Shortby thepobomarkets0
XAGUSD - LONGDescription: The counter XAGUSD look to form an ascending triangle. A flat-top resistance @ 27.40 and trend line support around 26.00 to 26.15 together form the ascending triangle. Today the counter is looking to break the resistance line @ 27.40. Prices trading a couple of hours above this level might push the counter to further highs. A price accumulation around the resistance line might get the counter a bit stronger for upper moves and for the bullish trend to stay intact. We look for buys to take a ride, once the resistance breaks and make the counter bullish till 28.80 to 29.00 levels. The trend line holds as the major support for the bullish trend to continue. Only a break of the trend line might possibly reverse the trend for a reverse mode. The major levels for this counter are R2 – 28.00 R1 – 27.58 PP – 27.15 S1 – 26.73 S2 – 26.29 Longby WohlstandMarketsLimited0
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 27.40 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 23.55 on 12/11/2020, so more gains maximum to Major Resistance (27.40) 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 62. ❤️ 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 ❤️by ForecastCity_ME447
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 26.00 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. A trough is formed in daily chart at 23.55 on 12/11/2020, so more gains maximum to Major Resistance (26.00) 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 65. ❤️ 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 ❤️by ForecastCity_ME553
Silver is about to rock the floorSilver formed W pattern in RSI and its about to boom..Longby muralikumarUpdated 1
Negative Divergence in silver chartNegative Divergence on Hourly silver chartShortby muralikumarUpdated 220
Silver at Situation CriticalSilver facing resistance now at 26$ level. If it breaks it decisively then we are off to $30. Otherwise, another correction may be on the cards. by muralikumarUpdated 0
#SILVER # XAGUSD Wave C of the 2nd FLAT heading to $18Silver's recent upmove looks complete and the initial move down from 24.86 seems to be in 5 waves, indicating that the down move may have started. If the wave count is right, we are looking for the next downleg to make its path upto $18. At this level the 2nd ABC will be equal the 1st ABC from the Aug high. This is a normal target area. Risk level is the recent high 24.86 . Since the move will be a long trend , one can look to reenter if the stop is takenShortby SolomonsView2
Silver , Ascending Triangle in Daily TF. Consolidation is about to end, ready to fly higher.Longby Velmurugan_SimpleTrader0
Relationship between Gold and SilverGold and Silver has been mostly co-related historically and are inversely proportional to US Dollar. The Importance of the Gold-Silver Ratio for Investors The practice of trading the gold-silver ratio is common among investors in gold and silver. The most common method of trading the ratio is that of hedging a long position in one metal with a short position in the other. For example, if the ratio is at historically high levels and investors anticipate a decline in the ratio that would reflect a decline in the price of gold relative to the price of silver, investors should simultaneously buy silver while selling short an equivalent amount of gold, looking to realize a net profit from a relatively better price performance of silver compared to that of gold.by rohit_dogra0
Silver at trend linejust an update that silver is at trend line plane according to itby TRADEWITHFUN2475
SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 26.00 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 21.90 on 11/30/2020, so more gains to resistance(s) 24.50 and maximum to Major Resistance (26.00) 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. ❤️ 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 ❤️by ForecastCity_ME4411
SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 26.00 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 21.90 on 11/30/2020, so more gains to resistance(s) 24.50 and maximum to Major Resistance (26.00) 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 51. ❤️ 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 ❤️by ForecastCity_ME447
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 ❤️by ForecastCity_ME556
#Silver # XAGUSD looks all set to head downThe the move down is not very clear as impulse in the early part, it is looking more so. Silver now looks like its all set to head to go below Sep LowsShortby SolomonsView222
#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 fashionShortby SolomonsView331
#SILVER #XAGUSD Yet to complete wave Y, should head higher Silver has been moving sideways for few days and this recent move looks like a Wave B which should now resolve with a Wac c to complete the larger Y. The larger trend remains down so this will help us get better prices to go shortLongby SolomonsViewUpdated 2