Silver 4H : Support further rise SILVER
New forecast
Silver price trading settled above the 23.00 level after the strong upward rally witnessed yesterday, enhancing the chances of the continuation of the upward trend during the coming sessions and heading to visit the 23.49 level and stability above it that will reach 23.77 and 24.00.
therefore , the upward scenario will be remain valid and effective during coming period supported by the moving average 50, taking into account that failure to breach 23.49 will put the price under sell pressure in the short-term and keeping in mind that the continuation of the upward wave depends on stability above the 23.00 level.
The expect range trading for today it will be between resistance line 23.49 and support line 23.00 until stabilized .
Additionally , Today News will affect on the market .
resistance line : 23.35 , 23.49
support line : 23.00 , 22.73
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Silveranalysis
Waiting for Silver. This idea uses Wyckoff theory, Dao Theory and modified Fibonacci.
Currently sitting at a range, prices are being pushed down to a better buying zone before takeoff.
Sold at the -0.383 level shown and it's looking for its proportionate "mirror image" at the 0.382.
If prices move below the 0.5 level this idea should be recalibrated.
The price is moving a bit up and was bought just before the 0.236 level at 22.49. It didn't really touched that level and that usually happens when price is going lower still.
At the moment sit tight and wait for a better entry price at 22.175.
Silver 4H achieving noticeable gainsThe price of silver ended yesterday's trading with a noticeable positive note, breaching the 22.25 level and settling above it, providing signs of an attempt to return to the upward path, but we note that the technical indicators provide negative signals that may pressure the price to decline again.
Therefore, the conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next direction, noting that continuing the rise and breaching 22.55 will push the price to achieve further gains and test the 22.89 level initially, while trading below 22.25 again will reactivate the scenario. The downtrend whose next main target is at 21.60 .
Pivot Price: 22.25
Resistance prices: 22.89 & 23.33 & 24.17
Support prices: 21.60 & 20.75 & 19.95
The general expected tendency for today: neutral
Silver 4H : Waiting for News SILVER
New forecast
The price of silver rose in yesterday's trading with noticeable positivity, penetrating the 22.23 level and settling above it, and approaching the 22.50 level to provide negative signals as long as the price is trading below the mentioned level.
Therefore the downtrend scenario will be remain valid as long as price trade under 22.50 supported by moving average 50 that is continue to support the price to decline but to confirm the bearish trend should stable under 22.23 and then will help the price to reach 21.97 and 21.60 , taking in to account that stabilized above 22.73 will postponed the bearish attempts and start the positive waves . so it is possible to continue at the positive correction until 22.73 and then dropping .
The expect range trading for today it will be between resistance line 22.73 and support line 21.97 until stabilized .
Additionally , Today News will affect on the market .
resistance line : 22.50 , 22.73
support line : 22.23 , 21.97
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
SILVER 4H : Still support further decline SILVER
New forecast
The price perfectly fulfills my last idea and price reached to our targets .
The price of silver declined and succeeded in achieving our second expected target at 22.23, and opened the day with a strong decline to break this level and confirm the continuation of the dominance of the downward trend, paving the way for heading towards our next target, which reaches 21.35 and stabilized under it will reach to 20.91 and to confirm the bearish trend should stable under 21.97 and then our target will be activate .
Therefore, the downward trend scenario will remain effective for the coming period supported by moving average 50, noting that the breach of 22.23 will stop the expected decline and lead the price to begin recovery attempts in the intraday term.
The expect range trading for today it will be between resistance line 22.23 and support line 21.35 until stabilized .
resistance line : 22.23 , 22.50
support line : 21.97 , 22.35
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Silver is trading within descending channelFrom the start of the month may XAGUSD/Silver is in downward movement after forming a double top formation. Ever since this drop its forming clear descending channel. Within this bigger trend formation We can see some rising wedge formations which is indicating the upcoming bearish trend until this trend gonna breakout. The price is currently below 50% Fibonacci level. In Elliot wave analysis currently larger third way is under formation.
XAG SILVER Neowave - Elliott Wave Theory Analysis (Medium Term)Silver is forming a potential diametric structure in the medium term and the second phase of this structure has begun. The potential route I expect the price to follow is indicated in the image (with dotted lines).
The wave e of the diametric structure is estimated January 15, 2024. We can say that we will be in a bear market for the next 2 months. After that, the structure will be completed with the rise of f and the fall of g.
With the completion of the structure, I think we will enter a prolonged bull market. Maybe a short but sharp rise in time, or a market period spread over time... We will analyze this in the sequel.
Your support is important for me, I can say it is a source of motivation. So thank you for that.
SILVER - Bearish Scenario 📉HI Traders !
On Friday 20 Oct, The Silver Price Reached a Resistance Level (23.77640 - 23.55650).
-The XAGUSD Failed To Create a New Higher High.
-The Price Formed a Triple TOP Pattern.
Currently, We have a Bearish Scenario:
If The Market Breaks The Neckline and Closes Below That,
We Will See a Huge Bearish Move 📉
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TARGET: 21.10000🎯
SILVER - The Neckline is Broken 📉
As We Talked in The Previous Analysis:
On Friday 20 Oct, The Silver Price Reached a Resistance Level (23.77640 - 23.55650).
-The XAGUSD Failed To Create a New Higher High.
-The Price Formed a Triple TOP Pattern.
Currently,
-The Neckline is Broken.
So I Expect a Bearish Move !
i'm waiting for retest...
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TARGET: 21.10000🎯
SILVER 4H : still support further decline SILVER
New forecast
The price of silver rose yesterday and achieved immediate gains to test the 22.73 level, and we notice that the price bounced down from there in an attempt to resume the expected downward trend in the immediate term, waiting to test the 22.50 level initially, remembering that breaking this level will push the price directly to 22.23.
Therefore the downtrend scenario will be remain valid and effective for the coming period supported by moving average 50 that is continue to support the price to drop , taking into account that stabilized above 23.00 level will end the downtrend .
The expect range trading for today it will be between resistance line 23.73 and support line 22.23 until stabilized .
Additionally ,Today News will affect the market .
resistance line : 22.73 , 23.00
support line : 22.50 , 22.23
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
SILVER 4H : Under 22.73 will be downtrend againSILVER
New forecast
The price of silver begins today's trading with negativity, trying to break the 22.73 level and settle below it. By breaking it, it will head towards a shift in the direction to the downside, and we expect the bearish tendency to continue to test the 22.50 and 22.23 areas mainly.
Therefore, we expect to witness further decline in the coming sessions, but on the condition of holding below 22.73, keeping in mind that a stabilized above 22.73 again will reactivate the bullish wave targeting the 23.12 level initially.
The expect range trading for today it will be between resistance line 23.12 and support line 22.50 until stabilized .
resistance line : 23.12 , 23.35
support line : 22.74 , 22.50
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
BluetonaFX - SILVER Range Zone SHORT to SupportHi Traders!
Silver continues to trade in the range zone as it cannot break above the 23.765 resistance area.
Price Action 📊
The current price action looks bearish. Market highs and lows have started to become lower due to numerous price rejections around the 23.765 level. The market also recently broke and closed below the 20 EMA, and there are opportunities to use the EMA as a focus point to sell rallies.
Fundamental Analysis 📰
Ultimately, precious metals in general got hit this week, as the US dollar has rebounded quite a bit. Additionally, interest rates in America are picking up, which has offered a bit of a reason for investors and speculators to start selling precious metals.
Support 📉
22.292: PREVIOUS DAY'S LOW
20.678: 4 WEEK LOW
Resistance 📈
22.838: PREVIOUS DAY'S HIGH
23.765: RANGE ZONE RESISTANCE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
Silver's Potential Head and Shoulders Formation Points to $25.00What a beautiful Heads And Shoulders is forming on Silver Chart ?!
I've identified an intriguing development on the Silver chart, with a potential Head and Shoulders pattern in the making. Currently, we find ourselves at the second shoulder, marked around the 23.000 levels. If Silver manages to breach the critical 23.800 resistance, it could set a course for a significant upswing towards the coveted $25.000 mark.
As we navigate the coming week, be mindful of economic events that might act as catalysts, bolstering the bullish momentum on the commodities charts. Stay tuned for potential price action that could propel Silver to new heights.
SILVER 4H : Uptrend above 23.12SILVER
New forecast
The price of silver moved upward significantly in the las week , breaching the 23.12 level and stabilized above it, heading towards achieving expected gains during the coming sessions, on its way to mainly visiting the 23.35 and 23.49 level.
Therefore the uptrend scenario will be remain valid and affective supported by moving average 50 supports the chances of achieving the expected rise, taking into account that breaking 23.12 and stability below it again will forced the price to formed the negative correction and will support the price to reach 22.73.
The expect range trading for today it will be between resistance line 23.35 and support line 22.73 until stabilized .
resistance line : 23.35 ,23.49
support line : 23.12 , 22.73
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Keep close 23.60, need your focus actually #XAGUSD (SILVER)... market placed 23.60 in last week.
It's market dynamite area actually keep close it guys.
If market hold it then drop expected otherwise not.
Any weakness below that area will leads you towards again supporting areas.
Trade wisely
Good luck
SILVER 4H : Under sell pressure SILVER
New forecast
The silver price found strong support formed at the breached resistance of the descending subsidiary channel, to test the pivotal resistance 23.12 now, and maintain its stability below it so far, which supports the chances of a downward bounce to resume the expected downward trend for the coming period, whose next main target is located at 22.73.
Therefore, the downward trend scenario will be remain valid and affective and we continue to favor the downward trend in the immediate term, taking to account that breaching 23.12 will lead the price to achieve new gains so above 23.12 the price will try to retest before dropping.
The expect range trading for today it will be between resistance line 23.35 and support line 22.23 until stabilized .
Additionally ,Today News will affect the market .
resistance line : 23.12 , 22.50
support line : 22.73 , 23.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Silver Local BuyGood evening everyone! Don't forget to put your thumbs up and write comment if you like the idea.
The price can continue its decline only if the conflict in the East is resolved, and it seems that I see that the conflict is still standing in one place (maybe I’m wrong) But the point is different.
The Fed will no longer raise rates, this will affect the growth of precious metals, so it is advisable to gradually cover shorts and gain longs. In general, I now expect an impulse decline in the asset tomorrow on the news and then further growth
SILVER 4H : Under sell pressureSILVER
New forecast
The price of silver achieved a clear break of the 22.73 level and ended yesterday’s trading below it, turning lower and heading towards visiting the 22.50 level as a next negative target, with the need to be aware that breaking this level will put pressure on the price to incur additional losses of up to 22.23 in the near term.
Therefore the downward scenario will be remain valid and affective supported by the 50 moving average supports the continuation of the expected decline for today, which will remain in place unless the price is able to penetrate the 22.73 level and stabilize above it again.
The expect range trading for today it will be between resistance line 22.73 and support line 22.23until stabilized .
Additionally ,Today News will affect the market .
support line : 22.50 , 22.23
resistance line : 22.73 , 23.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
SILVER 4H : War will support further rise upSILVER
New forecast
The price perfectly fulfills my last idea and price reached to our targets .
The silver price tested the 22.73 level and maintains its stability above it after rebounded from the support level and rise up ,se we expect the price will be continue at the bullish tendency waiting to correction the price to resume the upward wave that targeting to the 23.35 level initially, remembering that breaching this level will extend the upward wave to targeting 23.49.
therefore the upward trend will be remain valid and effective supported by Moving average 50 that is continues to support the suggested bullish wave, taking to account that stability under 22.73 will put the price under negative correction until 22.50 and then will be continue at the main bullish trend. also if price opened under 22.98 the price will try to start a correction .
The expect range trading for today it will be between resistance line 23.35 and support line 22.73until stabilized .
Additionally ,News will affect on the market .
support line : 22.73, 22.50
resistance line : 23.35 , 23.50
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
SILVER BUYING ON DIPSHELLO TRADERS!!
As i can see this chart of silver its is show a strong support zone and on long term chart it have to test the above weekly trend line which is my last TP i am going for a buy setup from the buying zone area with a very low risk and looking for higher rewards... this just an a trade idea kindly share Ur thoughts on silver chart and stay tuned with us for new updates