As I expected in the previous idea, Silver(
XAGUSD) started its rise from the bottom I had analyzed. I hope you took advantage of it (full target hit).
Currently, silver is moving near a resistance zone($96.00-$90.00) and close to the resistance lines.
From an Elliott Wave perspective, it seems silver is completing the microwave 5 of the main wave 5.
Also, we can see a large negative Regular Divergence (RD-) between two consecutive peaks.
I expect that after entering the Potential Reversal Zone (PRZ)[$94.80-$92.40], silver will begin to decline, and after breaking support lines, it could fall at least to $88.10.
First Target: $88.10
Second Target: Support zone($87.00-$85.00)
Stop Loss(SL): $96.80(Worst)
Points may shift as the market evolves
What’s your view on silver? Do you think it can break the resistance zone($96.00-$90.00), or should we expect a correction?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌 Silver/ U.S. Dollar Analyze (XAGUSD), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
XAGUSD) started its rise from the bottom I had analyzed. I hope you took advantage of it (full target hit).Currently, silver is moving near a resistance zone($96.00-$90.00) and close to the resistance lines.
From an Elliott Wave perspective, it seems silver is completing the microwave 5 of the main wave 5.
Also, we can see a large negative Regular Divergence (RD-) between two consecutive peaks.
I expect that after entering the Potential Reversal Zone (PRZ)[$94.80-$92.40], silver will begin to decline, and after breaking support lines, it could fall at least to $88.10.
First Target: $88.10
Second Target: Support zone($87.00-$85.00)
Stop Loss(SL): $96.80(Worst)
Points may shift as the market evolves
What’s your view on silver? Do you think it can break the resistance zone($96.00-$90.00), or should we expect a correction?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌 Silver/ U.S. Dollar Analyze (XAGUSD), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
Trade ist aktiv
Trade was activatedTrade geschlossen: Ziel wurde erreicht
Full Target Done
Although silver did not enter the PRZ, it fell well after breaking the support lines.
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.