Silversignal
Silver looks very differentThe price of Silver also dropped at the beginning of the week, but the chart looks very different than Gold's.
First of all, we don't have a new medium-term low for Silver with the price stopping its descent just under 23. Second, from the last low, we have higher hights on our chart and the price looks very well supported by bulls.
A break of this short term consolidation can put the price again above 24 and also could signal that the correction for Silver is done and the precious metal could resume its uptrend.
I'm bullish Silver, more than Gold:)
XAGUSD Silver Welcome back guys
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not Financial Advice.
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Previous 3 Months silver in a channel path you can see that in the graph, if not break the resistance red line on the channel, you can take the sell shot
SILVER
STOP LOSS 26.00
SELL LIMIT 25.40
TAKE PROFIT1 24.30
TAKE PROFIT2 23.30
TAKE PROFIT3 23.30
Good Luck,
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Enjoy The Trading Guys
Silver- should be sold above 25Like its bigger brother, Gold, Silver took a punch last Monday and the price dropped more than 10% in just one day.
Once it hit the ascending trend line Silver started to recover and managed to close the week above 24.30-24.50 congestion.
XagUsd remains heavy though, and I expect a new leg down soon.
I will look to sell rallies above 25 zone and only a daily close above 26 would change my bearish outlook
SILVER XABCD-CYPHER will give us 17% account growthSILVER-xagusd
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⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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Detailed analysis 💬
1️⃣ Strong break through the 25.00000
2️⃣ XABCD Cypher pattern-Bullish sign
3️⃣ Broad weakness of USD,USA election results outcome
4️⃣ 26.00000 Dynamic support and resistance
5️⃣ Price reached October high
6️⃣ 25.00000 will Acted as strong support
7️⃣ Technical support - Bull
8️⃣ 27.00000 acted as key reversal-bullish
9️⃣ October high-Immediate resistance-Alternative bearish entry
🔟 Possible swing target-29.00000-major psychological level
#️⃣ Overall bullish trend
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📉 Technical bias-H4-Bullish
Price Above 50,100,200 Exponential moving average
Relative strength index - Reached 70- overbought condition short term fall back expected
MACD -Turned green and well above signal line, oscillators pointing upward
Stochastic - Reached 75- overbought condition short term fall back expected
Ichimoku cloud -cloud is turned green-Price is above the cloud-Middle line support
Bollinger band- Price reached around the upper band-Short term bearish correction towards middle band
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Key reversal area's
25.00000 psychological level
22.60000 October month low
25.60000 October month high
25.60000 50% Fibonacci retracement level
30.00000 Major psychological level
24.75000 Possible entry- Bull
27.00000 psychological level/Trendline resistance
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Bullish entry #silver #xagusd
Entry price - 24.80000
Take profit 01 - 26.00000
Take profit 02 - 27.00000
Take profit 03 - 29.00000
🚫 Stop lose 24.20000
⬆️ 17% Growth expected
⤴️ Account growth 2.4 : 16.96
✅ Risk reward ratio 1 : 7
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SILVER (8HR) - Break-out or Fake-out??True to form for a head and shoulders pattern, the first move outside of its recent pattern has been to the downside. This is one to watch, because if there is a retest of the recent support followed by a rejection, there could be a short-term sell trade on the table.
Silver mini weekly viewHello everyone,
Silver is in a correction fedge since the august month. CMP is 62853 and almost on their dynamic resistance. We need to keep an eye on 65000. Will give a short term swing long on the breakout with 62000 stop loss. Target should be 69000/71000/75000 in the short or mid-term swing.