SILVER Retesting Resistance! Sell!
Hello,Traders!
SILVER broke a key horizontal level
And is now retesting the new resistance
So a bearish reaction is to be expected
With the price moving down to retest
The demand level below
Sell!
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XAG
Expected Key Points Silver 17 May 2022SILVER 17 May 2022
The daily expected volatility is around 1.75%
With an 80% accuracy based on the historical data, we can assume that the price of SILVER/XAGUSD today is going to be between
TOP 21.95
BOT 21.2
All of this taken into account with the opening price of today which was 21.57
From VOLUME POC point of view its above 21.6 which imply a bullish momentum at this very moment.
From Fundamental/News point of view that can affect SILVER price:
In 10h from now, FED Chair Poweel speaks
SILVER - Get Yourself Ready 🚀Silver is looking really good for BUYS very soon.
We are currently still within the C wave, which is made up of 5 subwaves. We've completed the 3rd subwave and seeing the 4th subwave now. The 5th subwave is when we should ready ourselves for the big buy. Price is within a channel and the -27 fib falls nicely within the channel support. Will be looking to buy Silver around there.
Trade Idea:
- Watch for the 5th wave back down to 19 level.
- Once price approaches the buy zone, watch for channel bounce and/or trendline breakout to get your entry
- SL will be below the channel
- Targets: 27, 30
Please note that subwaves 4 and 5 can be traded whilst you wait for the big buys.
Goodluck and as always, trade safe!
SILVER Breakout Short! Sell!
Hello,Traders!
SILVER finally broke a massive key level
And while the final conclusion will need to be made
Based upon the weekly candle close
Still, this is a powerful signal for us
And there is a high chance
That after the pullback and retest
Of the broken level we will see a move down
Towards the target below
Sell!
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💡Don't miss the great buy opportunity in XAGUSD (SILVER)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (22.64).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAGUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 23.20
TP2= @ 23.56
TP3= @ 23.91
TP4= @ 24.52
TP5= @ 25.03
SL= Break below S2
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💡Don't miss the great buy opportunity in XAGUSD (SILVER)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (22.64).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAGUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 23.20
TP2= @ 23.56
TP3= @ 23.91
TP4= @ 24.52
TP5= @ 25.03
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
SILVER Support Ahead! Buy!
Hello,Traders!
SILVER has been falling for some time now
But the key horizontal support level is ahead
So I think that after the pair retests the support
A bullish rebound and a move up will follow
Buy!
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Gold - XAUUSD is about to push above 2 000 USDTechnical and fundamental factors continue to push gold higher. At the moment, it trades around 1 995 USD/oz., just slightly below 2 000 USD price tag. We maintain a bullish stance on gold and we expect it to break above 2 000 USD and continue higher. Our medium-term price target of 2100 USD stays in place. Our long-term price target of 2300 USD also remains active.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are all bullish. DM+ and DM- show bullish conditions in the market with ADX rising. Overall, the daily time frame is very bullish for gold.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are all bullish. The same applies to DM+ and DM-. Meanwhile, ADX shows that the bullish trend of a higher degree continues to strengthen. Overall, the weekly time frame is very bullish for XAUUSD.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.