Silver / U.S. Dollar
Silver is showing us a perfect impulsive wave in accordance to Elliott Wave Theory. The basic principle of an impulse wave is as follows: Impulse waves = 5 waves Wave 1 - is made up of 5 subwaves (impulse) Wave 2 - Is a corrective wave made up of 3 waves (correction) Wave 3 - is another impulse wave made up of 5 subwaves (impulse) Wave 4 - is a corrective wave...
• Key event risks for the week ahead. • Nvidia’s Q125 earnings, a key driver of equity markets this week. • Fed speakers could move markets – Powell, Waller, and Jefferson in the spotlight. • US equity markets at all-time highs – fatigued, but well-supported. • Copper, gold, platinum, and silver are all on fire. The key event risks for traders this week We...
Preferred direction: BUY Comment: For metals , all our previous targets were hit with a plus, both for gold and silver . If we talk about gold , we are trading near the historical high, which is always a key moment for any instrument. Against this background, it is largely better to refrain from trades and monitor. Most likely, the metal will try to renew...
We continue the experiment with a wider range of zones. Let's see if we can guess the places to search for deals for the week ahead. During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most...
Silver is breaking out its long term consolidation and triggering a bullish reversed Head & Shoulder pattern with a target in the $42.50 area. Next resistances at the all time high near $50 then the line linking the top of the channel near $53. A break below $23.50 would invalidate this view. ________________ With gold and copper making all time highs, the...
Not much has changed on Silver. We were above 10 years ago; there is no data on volumes for such a period. If we go higher, we can clarify the levels in Daily publications. During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the...
Silver has broken out of a 4 year old resistance and it has a potential of about 100% ROI in the long term to touch it's all time high. RSI, Momentum and Trend intact and as the consolidation breakout is after 4 years, the price move would be significant, expecting a minimum 30-50% ROI. I would consider Silver Bees to invest.
Silver (XAGUSD) has exhibited a robust bullish trend on the daily timeframe. We’re currently seeking a buy opportunity aligning with the trend continuation, assuming price action plays out as per the analysis presented in the video. The video covers essential aspects such as trend analysis, price action, market structure, and a potential trade idea. Remember to...
I'm observing a potential double top forming in the silver market at the 29.85 level. This pattern is typically a bearish reversal signal, indicating that silver might be poised for a downward move. Trade Details: Pattern: Double top at 29.85 Potential Target: 24.12 Technical Analysis: Double Top Formation (29.85): The price action (PA) shows that...
SILVER has trimmed it's price significantly to multi week lows. The overextended correction is a good opportunity for possible reversal prospect. KEY NOTES: Daily FIB is at 61.8 level -- buyer's key demand area. Currently bouncing off this level with precision. Histogram higher lows. Daily Higher lows -- firm ascending support lines. TRI-MONTHLY higher lows -...
I feel a flash crash coming on, similar to Covid - wouldn't surprise me if Birdflu was the catalyst (see my NASDAQ:GILD idea). The patterns line up exactly the same. You can't see it with this picture, but tons of my indicators are going off -which I will post below. Silver Miners will exit the ascending triangle this go around as the commodity supercycle takes...
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Silver price broke strong resistance $30 first time ever since 2020. Strong support are now holding at $30, predict will be forming more new highs after US presidential election 2024.
Silver has been trading traditional fib longs and and extensions in this big bull runup. However, we are very overextended, trading well in excess of big support over the past two days. We are also at a potential top in terms of it trend channel. The risk of a decline in silver is significant, and unlike gold which gives you a clue on the fifteen minutes charts,...
"Decade of zero returns" for the stock market = Shortening Bear Market for Commodities Price target = $50 Fractal backbone + Room in technicals for such move. Price target was established in June 2021. Time frame pushed up in anticipation of 2023 bear.
This might be the explosion that will kickstart the silver stocks. This chart is showing a possible W formation that's about to break out... as well as the 25 weekly crossing the 52 weekly, which is usually pretty significant. Lastly, if it can break above the ichimoku cloud, then this ride might take off.
This monthly chart of the Golbal X Silver Miners looks bullish. After a decade of pullback and consolidations, silver miners seem ready to rise. We like the recent increase in volume and the bullish structure on the MACD. A break above $39 would exit the downtrend line linking the tops and would confirm the exit of this long wedge. Next resistances at $53then...
It doesn't matter what short term paper contracts do, or taking profits - the East is importing gold and silver at a beguiling rate that won't allow for much shenanigans for the metals market. I was however surprised to see the price bounce exactly off the top of the box. I see silver going down to $24 area, shake out some hands, and rocket up past $30 after...