XAGUSD | SILVER to $200+Price is certainly eyeing $200.
When is the question..
By 2025 to 2027 maybe?
XAG
SILVER - Weekly AnalysisA breakout from the down channel in play is evident.
What im looking for is a bullish breakout to the horizontal double top point plotted. (circles)
Green curve encompasses the entire structure
Gold breaks out of consolidationGold has successfully broken out of its consolidation phase with a strong bullish engulfing candle that engulfed the last 11 days of trading. Now, with this strong upward move, it is expected that the price may retrace slightly to gather some liquidity before continuing its ascent. As for me, I will be waiting for the price to test the trendline slightly below it to look for any possible reversal signals that may indicate a buying opportunity for gold.
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XAGUSD, touching 61.8 FIB and persistently bouncing off it..SILVER has been going horizontal for quite a few days already but it seems like it found its solid new base already at 61.8 FIB levels. It touched that significant support area multiple times and it keeps being rejected to the upside.
24.5 to 25.0 is a major order block support at this point and it seems like a LONG shift in price will in be in play soon.
SPOTTED at 24.9
TAYOR.
SILVER Bullish Forecast! Buy!
Hello,Traders!
SILVER is trading in an
Uptrend and the price
Broke the falling and
Horizontal resistance
At 24.5$ and went further
Up so I am bullish biased
And I think that we will see
A further move up
Buy!
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✅SILVER WILL KEEP GROWING|LONG🚀
✅SILVER went down to retest
The strong horizontal level of 24.5$
While trading in an uptrend
And we saw a nice rebound from the level
So I am bullish biased
And I think the pair will go
Further up
LONG🚀
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SILVER - Catch This Move!In our last analysis, we identified that we were in wave 2, which is an ABC correction. We initially thought it would be a simple ABC correction but it appears we have an expanded Flat correction. We're expecting wave C now back down to wave A generation point.
Trade Idea:
- Look for lower timeframe trendline break or BOS for confirmation of reversal
- Enter with stops above the highs
- Targets: 23, 21, 20
Goodluck and as always, trade safe!
Joe Gun2Head Trade - Silver topped out in the short term?Trade Idea: Selling Silver
Reasoning: Silver topped out in the short term?
Entry Level: 25.1428
Take Profit Level: 24.22
Stop Loss: 25.4127
Risk/Reward: 3.5/1
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xagusd (silver) could be a good re-test for a buy? Hey everyone I believe silver could be a good trade a nice little 1h channel moving up, 4h trend up is also a good positive sign, recent bullish engulfing candlestick on the 4h confirms bullish bias, I believe a re-test of the top is likely, we also have 1h 200 moving average covering our stoploss, which even if it pullsback is likely to react and find bullish pressure once again. 😊 🚀
SILVER - XAG - Why I m BEARISH - FULL SETUPSilver is one step away from reaching resistance on the MONTHLY, it has increased a lot, a lot, but it will soon reach the area where many will close their profits.
There are many institutions that take profit in this area, so this area will become more and more difficult to hold and thus it will weaken a lot, in addition, RSI is super overbought and this shows that interest will soon decrease if the price does not have a serious correction.
I saw the first step on Friday when it rejected the support on the Weekly chart and fell quite nicely, but I have a SELL order above which is safer and could produce a nice profit.
✅SILVER WILL KEEP GROWING|LONG🚀
✅SILVER is trading along the rising support line
And as the pair is going up now
After the retest of the line
I am expecting the price to keep growing
To retest the supply levels above at 25.66$
LONG🚀
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SILVER Local Long From Rising Support! Buy!
Hello,Traders!
SILVER is trading in an uptrend
Along the rising support
And will soon retest is again
So I think it will grow again
Towards the 25.72$
Buy!
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Silver Almost Ready To Run50% Retracement @ 21.09
200 Day MA @ 20.98
200 Week MA @ 21.43
Strong horizontal support between 21.30 and 21.10
Broken Downtrend (blue line) @ 20.97
Weekly 6 RSI @ 31
Daily 6 RSI @ 16
There is so much support in this area. RSI on daily and weekly has room to run. Looking for a long from here to ~28.50
SILVER BULLISH OUTLOOKSilver is gaining momentum, similar to the other precious metal, Gold. But their purposes are different: while Gold is used as protection against inflation from investors, silver has a lot more industrial uses, especially in the green energy sector. This makes the metal a lot more sought after.
Both MACD and RSI are confirming the bullish trend, and if it continues, targets of 27.5 and even 29.1 can be expected.
On the opposite scenario, as a pivot point, 23 might be considered, and if silver surpasses that level, further down movement to levels of 21.9 can be observed.
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XAGUSD Daily Potential Forecast | 11th April 2023Technical Confluences
1. Silver is currently near last year's high
2. Near-term resistance at 25.31550
3. Near-term Support at 24.29100
4. High-up resistance at 28.13740
Idea
We are looking for price to continue heading towards the near-term resistance at 25.31550.
There might be some struggle to break through the resistance so we are expecting a possible pullback down towards the near-term Support at 24.29100 before continuing it's bullish momentum upwards.
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SILVER Breakout Of The Resistance! Buy!
Hello,Traders!
SILVER broke the key
Horizontal level of 24.2$
And the breakout is confirmed
So while we might see some
Pullback the bias is
Firmly bullish
Buy!
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✅SILVER BULLISH BREAKOUT|LONG🚀
✅SILVER will keep growing
Because it is in the uptrend
And recently broke the
Key level of 24.2$
So we will be expecting
Bullish continuation
LONG🚀
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!!! SILVER !!! Back to the 21.50Hi,
The trend-resistance line is working hard in the first days of the week, indicating that we will return to the price of the 50/200 MA line cross
This is just an idea
Take care
GOLD → Channel support, MA-200 and MA-50 are broken Gold breaks the support of the uptrend channel and renews the local low. The price is forming a sideways range. How might this affect the price?
When channel support is broken, price breaks the 50-hour and 200-hour moving averages on the 1-hour timeframe, descending to a low of 1950. There is a chance that the price will bounce from the SMA on the retest and go to the support of the 1935 range.
At the moment the futures are in the red zone, so it is worth to be careful about the purchases and to consider the sales as a small priority.
I expect that the price will bounce down from the local resistance levels and go towards the support of the 1935 (range support).
Regards R.Linda!
Easy MoneyStrong mirror level 24.50
Rebound or false breakout strategy.
I think it will be possible to enter and exit a couple of times
✅SILVER PREPARING FOR A SHORT🔥
✅SILVER is about to retest a key structure level at 24.4$
Which implies a high likelihood of a move down from resistance
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
Towards the demand level at 23.4$
SHORT🔥
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XAGUSD Next MovePair : XAGUSD ( Silver / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame and it has Breakout the Lower Trend Line and Completed the Retracement
Break of Structure
Fibonacci Level - 78.60%
Rejecting from Strong S / R Level
Divergence
Impulse Correction Impulse
Elliot Waves
Silver shows bearish signs with head and shoulders patternThe silver is forming a clear Head and Shoulders pattern with a visible divergence on momentum indicators. Additionally, it has broken the ascending weekly trendline. These are all signs that the price is likely to fall to 22.150, after which it may rebound to 22.68 and retest the breached neckline. The retest point could present a good opportunity to enter a short position, with a potential profit of at least 6200 points.
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