DeGRAM | SILVER in upward channelSilver is in a bullish trend.
Price is coiling up before expansion by creating a consolidation zone following bullish momentum.
The market is moving sideways, and we expect a breakout of the resistance and then a further bullish move.
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Silversignal
SILVER (XAGUSD): 3 Important Resistances to Watch 🪙
Silver is unstoppable.
The market keeps growing like crazy.
Here are 3 important structure resistances from where we may see a pullback.
Resistance 1: 24.28 - 24.63 area
Resistance 2: 25.82 - 26.22 area
Resistance 3: 26.7 - 26.9 area
Consider these structures for pullback / breakout trading.
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DeGRAM | Silver deceleration at resistanceSilver is decelerating while approaching the resistance level.
The market shows massive divergence on the 4H timeframe and pinbars.
We anticipate a short-term pullback and even further movement down if price breaks and closes below the ascending channel.
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DeGRAM | Silver pullback from resistanceSilver reached the resistance level at 23,00.
If the market makes a double top or pinbar the resistance at 23.00, we can look for selling opportunities.
We anticipate a short-term pullback from the resistance.
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DeGRAM | Silver a trend continuation opportunitySilver dropped from the resistance, and it created a descending channel.
Price action pulled back to resistance and fibo level.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a trend continuation trade.
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Silver: Profit can be made by short selling in this area
Time is fair. Whether you are lazy or hardworking, time will gradually give you the answer that belongs to you. Those who cherish time will be cherished by time!
Currently, the pressure on silver is concentrated in the 21.5 area, where short selling can still be repeated. Silver has not followed the recent rise in gold prices, largely due to previous pressure. Currently, silver is more closely following the trend of commodities, similar to oil. After all, there will only be industrial demand in the later stages of economic recovery.
At present, it is still in a period of economic recession, so there is naturally no significant upward movement. However, after the stabilization of gold adjustments in the later stages, if they both rise simultaneously again, silver's rise will definitely be greater than gold's.
Furthermore, there is a possibility that the dark horse will continue to test historical highs in the future. Currently, short selling is still recommended at the 20-21 area with a stop loss at 22, and long positions can be tentatively initiated in batches near 19.5.
DeGRAM | Silver confluence zoneSilver pulled back to resistance level after a huge sell off.
If the market fails to break through the resistance at 23.500 and fibo extesion level, we can sell from the kill zone.
We anticipate a short-term pullback and even further movement down.
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silver will be falling in the next weekthe silver XAGUSD will have to make a correction to 21.20$ and maybe to the 21.40 area as well before the continuation of the downtrend to the 20.33 area. also, there is a great probability that the market can go down without making a correction!
that's what I believe. what about you guys? what do you think? tell me your opinion. do you agree or not .??
good luck traders !!
DeGRAM | SILVER downward channelSilver is consolidating at resistance on the higher timeframes.
Price action is moving in a downward channel .
If the market fails to break through the resistance level , we can look for selling opportunities.
We anticipate a short-term pullback.
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DeGRAM | SILVER descending channel testSilver is consolidating at resistance on the 4H, but it has recently dropped below it.
Price action returned to resistance and dynamic resistance.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a short-term pullback and a retest of the channel.
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DeGRAM | Silver shortSilver dropped from the resistance and broke the lower border of the channel.
Price action pulled back to resistance and the trendline.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a short-term pullback and breakout the channel.
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CFDS ON SILVER52-Week High 27.500
14 Day RSI at 80% 25.112
Pivot Point 3rd Level Resistance 24.219
23.890 3-10 Day MACD Oscillator Stalls
Pivot Point 2nd Level Resistance 23.719
23.642 61.8% Retracement from the 52 Week Low
Pivot Point 1st Resistance Point 23.379
High 23.220 High
1-Month High 23.220
13-Week High 23.220
Last 23.038s Last
14 Day RSI at 70% 22.958
22.879 Pivot Point
22.696 14-3 Day Raw Stochastic at 80%
Previous Close 22.637 Previous Close
DeGRAM | SILVER long Silver is in a bullish trend.
Price is coiling up before expansion by printing lower highs and higher lows.
The market is moving sideways, and we expect a breakout of the resistance and then a further bullish move.
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DeGRAM | Silver divergenceSilver double topped at the resistance.
Price action shows a divergence in the daily and 4H timeframes.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a short-term pullback.
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Silver Analysis 06.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
SILVER (XAGUSD) - LONG Position - SwingI am going long on XAGUSD (Silver).
My Elliott Wave count points me to a C leg in an Impulse or Diagonal as the next possible move.
XAGUSD Long - Technical Analysis:
- ABC (Minute (orange)) sequence
- Bullish Bat Harmonic
- Bullish Divergence
- 78.6-88.6% Fibonacci Retracement of Minor A (white)
- 161.8% Fibonacci Extension of Minutes A&B (orange)
Silver Buy Orders - Trading Signal:
Entry @ 18.10
SL @ 16.40
TP @ 20.00 / 21.40 / 21.80
Silver quick lookTechnically, silver will test strong support, as what it breached, we may see it again at 22 levels.
The four golden rules of trading
1 Don't be greedy
2 Always use stop loss
3 Never add other positions to the losing positions
4 Use a suitable lot for your account
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Silver-XAGUSDThis is an opportunity for professionals.
According to my analysis, the trend is still bearish.
FOMC is an important news that has a big impact on the price of symbols.
In my opinion, this time will cause more icons to fall.
Follow me, like, comment, and any questions.
Caution today has important news so observe the money management .
DeGRAM | Silver shortSilver is clear in the consolodation .
Price action made a complex pullback. Price bounced off the major resistance level before .
A false break is a great signal and opportunity for a trend continuation trade.
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20 REASON FOR BUY SILVER 1 Structure analysis time frame DAILY
2 target time frame :DAILY
3 Current Move :IMPULSE
4 Entry Time Frame : H4
4.1 Entry TF Structure: BULLISH
4.2 entry move : CORRECTIVE
5 Suppot resistence base :H4 FAIR VALUE GAP
6 FIB: DISCIUNTED AREA FILLED
7 candle Pattern: PANIC BOTTOM
8 Chart Pattern: LOWER HIGH
9 Volume : AVERAGE
10 Momentum UNCONVENTIONAL Rsi: SIDEWAYS
11 Volatility measure bollinger bands: LOWER BAND FAKE BREAKOUT BULLISH
12 strength ADX: SIDWWAYS
13 Sentiment ROC: BULLISH
14 final comment : LONG
15 : decision : BUY
16 Entry: 19.178
17 Stop losel: 18.968
18 Take profit: 20.950
19 Risk to reward Ratio: 1:10
Excepted Duration : 5 DAYS
Silver analysis: How far the bear market rally might go?Silver is in the midst of a bear market rally, up 8% in the last two weeks and 13% since the end-of-August lows.
Although silver prices are still 23% below the peak reached in March, recent price movements suggest that silver is attempting to make a trend reversal at these levels.
Slowing market pricing for Fed interest rates next year has prompted the rally in silver prices over the past weeks. Investors reduced their forecasts for interest rates in the second half of 2023, and in the last week they priced in a first drop of 25 basis points after Fed funds are expected to reach a high of 4.9% in the first quarter of 2023.
An asset like silver that is extremely vulnerable to US interest rates has been granted some breathing room by both the decrease in Treasury yields – the US 10y yield has dropped by 30 basis points in the past week – and the weakening of the US dollar – with the DXY index falling below 110. Silver has been strongly and inversely correlated with the US dollar performance throughout the year.
The Federal Reserve meeting next week poses a concern because it could reignite hawkish arguments about the need to curb inflationary increases, which might halt the silver's rally. However, understanding how likely the Fed views a recession in 2023 will be critical, given the market builds many of its expectations for the conclusion of the hiking cycle next year on this matter.
A new attempt to break the 23.6% Fibonacci retracement level (2022 max-min range) can be seen on the daily silver technical chart. Sellers fought back hard at this level in September, pushing prices below the $19.7–20 zone. This level was breached in early October, causing prices to rise to $21.1-21.2 (38.2% Fibonacci).
Momentum indicators indicate that bullishness is gaining traction. The 14-day RSI surpassed 50 days once more, and the MACD indicates a bullish crossover close to the zero line.
If silver is successful in breaking over $19.8, a new overshoot toward $21.1 or $21.6 (200-day moving average) is possible. At that point, sellers might resume offering fierce pushback. Next Wednesday, a very hawkish Federal Reserve could return to exert downward pressure, leading to a retest of the 18.2 support level.
Idea written by Piero Cingari, forex and commodity analyst at Capital.com
Silver view Silver will go down sooner or later (Fact)
First , dollar still not finished it run .
Second , false candle in monthly , weekly ,daily (mentioned above )
Third , raising rate and rightening .
Forth , chart pattern shows we must retrace the same percentage of consolidation
Any ways if we dont cross 21 $ dollars we will come back easily to 18 $
Thats my over all view
GOOG LUCK