Silver Analysis: Support Test + RD+ — Is $80 Back on the Table?
As I expected in the previous idea, Silver(
XAGUSD) declined from the resistance zone($92.76-$82.77) and reached its target (full target).
Silver is moving near the support zone($74.40-$71.30), and over the past three days, it has also formed a descending channel.
Also, we can see the positive Regular Divergence (RD+) between two consecutive valleys.
I expect silver to start rising from the support zone($74.40-$71.30) and climb at least up to $77.47. If it breaks the resistance zone($79.32-$77.50), we could then expect silver to rise further toward $81.47.
First Target: $77.47
Second Target: $81.47
Stop Loss(SL): $70.41
Points may shift as the market evolves
What are your thoughts on silver for the short term? Do you think silver could trade above $80.00 Again this week or not?
💡 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) declined from the resistance zone($92.76-$82.77) and reached its target (full target).Silver is moving near the support zone($74.40-$71.30), and over the past three days, it has also formed a descending channel.
Also, we can see the positive Regular Divergence (RD+) between two consecutive valleys.
I expect silver to start rising from the support zone($74.40-$71.30) and climb at least up to $77.47. If it breaks the resistance zone($79.32-$77.50), we could then expect silver to rise further toward $81.47.
First Target: $77.47
Second Target: $81.47
Stop Loss(SL): $70.41
Points may shift as the market evolves
What are your thoughts on silver for the short term? Do you think silver could trade above $80.00 Again this week or not?
💡 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.
Transaction en cours
Trade was activated in support zone($74.40-$71.30)Trade fermée: cible de profit atteinte
First Target Done
Note
Full Target Done($81.47)
In this analysis, we were able to stay with silver from the bottom. I hope it was useful, and thank you for your patience and capital management.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
🚀 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
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.