XAGUSD, Weekly analysis, Oct 19-23Silver against Dollar pair looks to go up in initial part of the week, and it looks like going down as per Price action analysisShortby Akfx3690
Channel pattern in Silver, XAGUSDPrice forming a channel pattern and trading at support that is channel bottom. 24.52500 is looking as strong resistance levels and if price breaks this levels then look for channel top as target levels. Many consider this as Flag pattern it is also correct if price breaks the channel from here but once it breaks 24.52500 levels then the flag pattern will become invalid. by Tradersasi230
#SILVER #XAGUSD - downtrend may have resumedThe first downmove that we see has clearly traced a 5 wave sequence and a 3 wave correction. this means we are headed down. Looks for new lows with 25.57 as the risk stopShortby SolomonsView333
#SILVER #XAGUSD bounced off sighted resistance Silver headed higher this morning into the indicated resistance at 25.57 and reversed right there , the down move has all the indications of a 5 wave structure and so may turnout to be a trend reversal. Updated charts will be posted soon. Direction seems to be down to new lows if 25.57 remains intactShortby SolomonsView225
#SILVER #XAGUSD targeting 25.57 in Wave YSilver progressed very well as expected in Wave c of Wave Y. It should face resistance at around 25.57 where Wave Y = Wave W. This is also where the parallel trend channel tops. We should watch price reaction at this area to understand if the trend will change downward ( most likely will, but lets listen to the price) . 25.57 is a good area for the W-X-Y corrective upward rally to terminate.Longby SolomonsView112
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 19.65, resumption of uptrend is expected. We make sure when the resistance at 26.20 breaks. If the support at 19.65 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 resistance #2 at 64 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 22.85 on 10/06/2020, so more gains to resistance(s) 25.65 and 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 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️by ForecastCity_ME449
Silver Long 26.02 Next TargetBuy Entry Level at 23.87 Target1* 24.10 ,Target 2 24.20, Target 3* 24.50 Stop loss 23.80 Longby abhishekdeokar720
#Silver # XAGUSD ZigZag correction should lead to Wave C upThe past few days of price action in #silver is part of the larger upward correction and now looks like the last part of Wave c (circle) of X is completing. This should have already ended or will end with a quick peek below the yesterday's low. We should be then headed upward in Wave Z to complete the upward correction TVC:SILVERLongby SolomonsView3
LONG #SILVER #XAGUSD consolidating in a Wave B triangle ?Silver could be ready to breakout on the upside from the sideways consolidation, this is the most likely scenario as it has taken a sideways triangle over the last few days. Looking for Wave C up now if the key support holdsLongby SolomonsViewUpdated 1
If breaks 25.250 is the targetPrice rejecting from the resistance, if closes above then it will reach the T1 levels with ease. If it rejects heavily and comes down it will find the support near by and break upside, so think about long if you are in the trade. Longby Tradersasi23111
SILVER- @38.2% RETRACEMENT COULD PRESENT BUYING OPPORTUNITYSilver is now in a profit taking mode now having retraced 38.2% of previous swing. Buyers need to stagger their purchases as the swing highs near 30$ is likely to be revisited.Longby financialmarketsalgorithmsUpdated 0
Silver about to breakout/downSymmetrical triangle on hourly chart. More likely to breakdown based on MACD but not certain. by TVirus_970
SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is below the resistance 25.65, continuation of downtrend is expected. We make sure when the support at 19.65 breaks. If the resistance at 25.65 is broken, the short-term forecast -continuation of downtrend- will be invalid. Technical analysis: The RSI support #1 at 52 is broken, so the probability of continuation of downtrend is increased. While the RSI downtrend #2 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 28.85 on 09/01/2020, so more losses to support(s) 22.15, 21.00 and minimum to Major Support (19.65) 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 31. ❤️ 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_ME4410
Silver........ Sideways to negative....Every Rise is a Sell Channel marked in Blue..... Resistances in Red..... Support in Green.......... Like .............. Follow.... Share...........Shortby emraldconsul2
A possible bull run in silverWe are seeing an interesting situation in silver with the bears not able to close below $22. Also the previous support of the triangle formation is forming a rising channel with the long term support line. If this support line continues to hold we may see the start of a long term bull run with silver making fresh life time highs. However be aware that this is a supposition and its too soon to make a definite call.Longby harbhaj0
Silver about to breakout?Silver has formed an ascending triangle. Likely to breakout. Longby TVirus_97110