Silver - long entrySilver is at very good point to take a long position for a medium to long term trade...
XAGUSDK trade ideas
Wait For Some Correction in Silver To Buy it againWaiting for trend line to be touched and zone area to buy the silver again.
SilverIt has broken crucial near term support. To keen trend on upside it should close above red line on weekly basis
Trade set up I remember around 2 Years back when i met a individual and Joined their so called What's Up Group , They particularly Called me Fool because i told then its Going to 34 USD
Approximately in 2018 I said to them , they all come today in Bloomberg , TV channels as professionals , but they didnt understand the reality
Fact is they did not make money even in 2021 , in 2020 I met an senior 25 Years of Experience and having an PMS with 1 Million $ + he was more of free to use kind of Man
He too did not make money despite i told him GOLD, SILVER , NIFTY , everything will Go up ,
So I still know that people have lack of faith because they think they are superiors then others ,
My friends if you want to become superiors then Your 1st Job is to start Placing your own Analysis in Trading view daily minimum 10 posts,
by end of 6th Month I will guarantee you will match your efficiency with any experts still you will Make Good money
Don't be foolish to ignore daily Practices , this platform is for free and use it to Maximum capacity
Good luck
SILVER BUY AT 23.90 FOR A TARGET 38SILVER BUY AT 23.90 FOR A TARGET 38
Appears to be in channel of 4th wave correction.
Immediate target can be at 30USD.
If the channel is broken up as per the 4th wave completion, it can cross 38USD.
Timeframe can be between 6months - 1year
Buy Silver: Silver is ready for upmove Buy Silver: Silver is ready for upmove
All Details are mentioned on Charts.
A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
Silver to show upmoveHi All, Please go through the video and ask for any doubts via the comments section. Thanks.
XAGUSD (SILVER) 150 Pips Profit RunningXAGUSD (SILVER) 150 Pips Profit Running, Going to hit 2nd TP soon. Congratsss Who took the trade.
-------------------------------------------------------------------------
Neat and clean chart with clear setup, no junk on chart.
-------------------------------------------------------------------------
If you like this idea, then smash like button and follow us for regular updates.
-------------------------------------------------------------------------
Note:- Do you own due diligence before taking any trades.
Thanks
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support of 23.75, a resumption of an uptrend is expected.
We make sure when the resistance at 28.75 breaks.
If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 48 is not broken, the probability of price increase would be too low.
A trough is formed in the daily chart at 24.50 on 07/27/2021, so more gains to resistance(s) 25.75, 26.60, 28.30, and maximum to Major Resistance (28.75) is expected.
Price is below WEMA21; if the price rises more, this line can act as dynamic resistance against more gains.
The relative strength index (RSI) is 46.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
❤️ 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 ENCODED CALCULATIONSsilver most likely will drop after reaching the levels
if we see more further upside i will update as of now looking at drop
sooner or later ..just mark the calculated zones and trade
CAN WE SEE AGAIN A FALL IN SILVER??TRENDS:-
DAILY-BEARISH
4H-BEARISH
1H-BEARISH
NOW LET'S TALK ABOUT THE CONFLUENCES
1.XAGUSD HAD GIVEN A BREAKDOWN FROM AN IMPORTANT SUPPORT AREA 25.68 BO I EXPECT IT TO RETEST THAT REGION AND FACE A RESISTANCE
2.WE HAD ALSO GOT A ORDERBLOCK IN 4H TF WHICH CAN BE DEPICTED AS A SUPPLY
3.WE ALSO GETS A CONFLUENCE OF 0.5-0.618 FIBBO RETRACMENT
Silver and uranium looking bullish for this decadeSilver is forming 40 years long cup and handle which is looking very bullish and I think silver will perform very well in this decade
Silver Eyeing $40Multiple reasons to be bullish in Silver at this point of time:
Simple technicals:
1. A pennant formation.
2. Positive reversal where RSI forming lower low while price making higher low suggesting a fresh high can be seen in the instrument.
3. Trading at lower end of the consolidation and higher highs and higher lows formations in smaller time frames.
From Elliott wave perspective:
The formation seems to be panning out in a zig-zag structure at this point of time. And, if wave A equates wave B, the commodity will target $40-$44 range which, generally, is the case in a zig-zag structure.
Invalidation of immediate rally confirms below $23.78.
Silver: A great buying opportunity! Silver is now on its way to first support lrvrl and here some very good chances that it may come strongly in upward direction.,
Silver Daily chart spot levelsPlease let me know what you think on this chart ..... if key level breaks it's a good option for short
Silver-Head & Shoulder pattern
-High of $ 30 tested in Feb but could not conquer.
-Black trendline from last Oct could be the last saviour.
Though I doubt that because eGold is also showing signs of short term bearishness.
T A R G E T : $ 19 (Dec 2021)
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support of 23.75, a resumption of an uptrend is expected.
We make sure when the resistance at 28.75 breaks.
If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The symmetrical triangle is taking shape, and as a continuation pattern suggests, we will soon see another leg higher if the price breaks and closes above the downtrend line of the triangle.
While the RSI resistance #1 at 48 is not broken, the probability of price increase would be too low.
A peak is formed in the daily chart at 26.75 on 07/06/2021, so more losses to support(s) 24.50 and minimum to Major Support (23.75) are expected.
Price is below WEMA21; if the price rises more, this line can act as dynamic resistance against more gains.
The relative strength index ( RSI ) is 39.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
❤️ 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 ❤️
XAGUSD Cup and Handle Pattern BreakdownIn the Daily Timeframe the Price Action Pattern show a cup and handle pattern which make a move to down side.
If the price goes below and close a bearish candle form which means the confirmation for price goes down.
SilverIt has been lacklustre since touching the high of $ 30 a year back. It traded in the 22-30 for a year.
With a decisive break of the 200DMA on Friday at $25.7, it would have given sleepless weekend nights to the Silver Bulls.
The GANN Fan lines and Speed resistance lines are also not signaling any smooth up-move in the near term.
