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SILVER:DOWNTREND|PRICE ACTION ANALYSIS| PRICE IS GOING DOWN... ⚡Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
OANDA:XAGUSDShort
by FOREXN1
2
#SILVER XAGUSD ANOTHER BUYING OPPORTUNITYAs you can see in the previous silver analysis which has been tagged to this new analysis we forecast the 4H time frame bullish move and also we knew that we are in higher time frame bullish trend. Now again price had a bearish corrective move in lower time frames and reached 0.61% Fibonacci ratio as well as important static support area, which gives us another opportunity to go long in silver one more time or the opportunity to add to our previous trade in case you are long time trader and your previous trade is still open. Price currently is sitting on an important support area and also we can see reverse bullish divergence in 4H time frame which suggest to us that price can now start another bullish move. in spite of that price is above our EMA 144 which act as a support for us. Another confluence would be lacking of bearish momentum and seller participations in the market which you can see the result of this in changing cycle amplitude in lower time frames. For trading I suggest it would be best if you wait for price to come above EMA 144 in 15M time frame and then you execute your buy trade. Our first target would be the previous High which is around the price of 24.660 but since we are in bullish trend in Higher time frame you can probably manage your trade in order if the price managed to breach the resistance area and goes above the previous High.
TVC:SILVERLong
by mohemati
7
Silver Market Bullish Divergence Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Silver XAG/USD begins the week in a positive way, rising 0.97%, at trading at $24.54 but have dropped to $23.916 today and the market sentiment is upbeat, portrayed by rising US stock indices, recording gains between 0.12% and 1.01%, contrarily US T-Bond yields slide, with the 10-year note rate falling one and a half basis points, sitting at 1.639%. Oscillators on the daily chart – though have lost positive traction – are still holding in the bullish territory. Hence, any further decline might still be seen as a buying opportunity near the $23.55 region. This should help limit the downside near the $23.20-15 strong resistance breakpoint. A Bullish divergence has been spotted between the market and different indicators that show the potential for an upward movement in the market soon. Possible Scenarios for the market : Scenario 1 : The market has dropped in the last 2 days from $24.80 to $23.88 this Bearish move has a small possibility to continue until it reaches the support line located at $23.16 where a battle will happen over control between the Buyers and Sellers over control, If the Sellers were able to win we could see a further drop that will reach the $22.33 level before gaining upward momentum. Scenario 2 : A Bullish divergence has been found between the market and the RSI, MACD which shows a strong potential for an upward movement happening soon that will be headed to the first resistance located at $24.78, and after breaking out that level the market will push to the second resistance line at $25.53. Technical indicators show : 1) The market is above the 5 10 100 and 200 MA and EMA showing a good bullish movement for the long term and daily range but still below the 20 and 50 MA,EMA that indicates a small drop for the weekly range. 2) The MACD is above the 0 line indicating a Bullish state in the market with a positive crossover and a Bullish divergence. 3) The RSI is at 56.27 showing good strength in the market with a Bullish divergence that indicates a rise in the market soon. Weekly Support & Resistance points : support Resistance 1) 23.259 1) 25.109 2) 22.207 2) 25.907 3) 21.409 3) 26.959 This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
FOREXCOM:XAGUSDLong
by GabiDahduh
SVM after consolidation showing "HEAD & SHOULDERS" - ready for ^Silver and SVM has consolidated to new lows in 2021. Await FED printing program QE to float more QQQ. SVM showing head and shoulders after retracing that should break upward from current position. Silver will need to get back to $25, or $28 range for really good up. Just my opine, trade at your own risk as call for Jan in the money, or buy due to inflation of FED printing program. Hard to have $3.4+T budget without more paper...gold std long gone. @Pokethebear Love to hear from the Metal Bears and Bulls.
AMEX:SVMShort
by Pokethebear
$XAGUSD - Goes to $26Hi guys! 👋🏻 🔔 Silver continues its uptrend since September 30, 2021 when it hit the newly lows of the year. The uptrend is backed by the FED’s tapering plan which should start in November. Despite the positive US Jobless Claims, the US Dollar index remains under pressure below the 93.7 level. 🔔 The US Dollar index is still vulnerable below the 93.7 which is a crucial resistance. The DXY chart I was posting in my previous articles still seems to be valid and the USD might drop to 92.5 - 92.4 levels to complete the expanding diagonal pattern. 🔔 As for the technical analysis, Silver on a daily chart is currently testing a resistance level formed by MA100. If XAGUSD doesn’t overtake this resistance, it might drop to $23.5 to find the next support backed by the EMA50. 🔔 RSI indicator shows signs of a correction ahead, MACD remains bullish. Hence, after a slight correction, XAGUSD may continue the uptrend up to $26 and $26.8. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
OANDA:XAGUSDLong
by azizelliott
Silver Squeeze: Buy the DipLet's be real, Joe Biden is everyone's worst nightmare. But the inflation continues. And it's rapidly getting worse under the old guy with dementia. We need to find a better balance ⚖️ Where is the Justice? Bitcoin is crushing new ATH's right now, it's really just a measuring device for inflation and based on that measurement silver and gold are being badly manipulated. This is obvious fraud. Everyone knows it. When the IRS starts coming after we the people, it's time for we the people to demand and perform an Audit on them. GameStop and AMC proved without a doubt, what all those keyboard warrior, conspiracy theorists suspected. It's time we put silver and gold at it's rightful price. Send silver to $1,000. That'll get everyone's attention. $ASM my number 1 #SilverSqueeze play. 10x potential.
TVC:SILVERLong
by RealChartBeast
Silver , We need pullback ...Hello everybody In here we have new rally of Silver that it started days ago and in here in 4h time frame we have new powerful breakwave The trend is upward and we need some rest and pullback to take position toward the trend ( Buy ) And we have heavy resistance in our way to go up , we can buy some silver after pullback done and wait until the Tp we shown on chart and if the price can rise more we can trail of position and we will going up According to trend line that we shown , we expect that the price can come to touch it for support then can attack to the resistance zone , and near of the trendline with multi time frame checking and take signal we can buy and take long position Dont forget use Stop Loss and money management Good Luck Abtin
FOREXCOM:XAGUSDLong
by Abtin00
#XAGUSD SILVER LONGTERM BUYING OPPORTUNITYIn Weekly time frame price has formed a line formation, and currently siting on a support area. As a result of this important support area price structure in 4H time frame has shifted to bullish as you can see and price is creating a HH and HL. Now price is above 4H timeframe 144 EMA and also price is in bearish corrective move for retesting a previous resistance area which because of price bullish move has turned to support. in lower time frames we have bullish divergence which is another confluence for our trading idea. Now if price fail to come below the 23.045$ which is our previous low and manage to create a HL comparing to that low in 1H time frame we can technically say this lower time bearish corrective move has ended and we can look for buying opportunity today. We should remember this is a long term buying opportunity and our target could be around the high of this weekly time frame line formation which is around 29$, so use a wide and good stop loss in order not to get stopped out of this big bullish move in line with your trading strategy.
TVC:SILVERLong
by mohemati
2