Silvercharts
Silver- To resume its aggressive uptrend?As always, when things are not so clear with Gold, I look at Silver, is more technical and often gives me "clues"
As I said in a previous analysis, unlike Gold, Silver didn't made a new local low this week and stopped in strong 22 support.
This week was finished with a bullish engulfing from this support and adding this fact to the bull trend that we are already in, I expect a continuation to the upside.
For a clear confirmation, XagUsd needs to conquer 24.50 resistance and I expect acceleration to the next important resistance at 26.
As long as the price is above 22 buy dips is my strategy
Gold - SilverGold & Silver - Gold finds support at the Fibonacci 50% ratio retracement level.
In Gold -
The bearish run could end here or gold could progress to the 38.2 % ratio retrace at $1,688.
Silver is also at such a key level. Bang on the 61.8% ratio and a classic double bottom pattern resides here for a phenomenally strong confluence of support at this stage.
I was about to open a leveraged XRP trade, however I spotted a double top pattern on the hourly chart, so I held fire for a while.
#gold #silver #technicalanalysis #currency #chainlink #indices #preciousmetals #trading #equities #forex #trading
Plan for SILVER - WHEN I WILL BUYHey tradomaniacs,
in this chart I show you where I will look for potential BUYS.
Current treasury-topic in the U.S is putting GOLD and SILVER under pressure as higher yields are a good alternative to no-interest-assests such as metalls.
I will wait for a retest of this area of SILVER breaks through the current low and support-zone.
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Peace and good trades
Irasor
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SILVER another move coming after several days of consolidation?SILVER looks to be winding up towards the end of the next consolidation period, with a move in the next few days likely. A move up could take us back to $25.50 and a move down could take us to $22 and change. Worth watching over the next few hours.
Silver - Can it go to 50$? We like to hedge by Buying Silver and selling Gold:
Gold is already at all time highs , but Silver is not even half of it's previous highs (2011)
Silver, the 'Cinderella Gold' is a semiconductor - thus rises with technology
Silver rises and drops togethjer with Gold, thus allowing us to have a beautiful hedging opportunity for the next few months
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.