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.
Trade active
Trade was activated in support zone($74.40-$71.30)Trade closed: target reached
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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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀 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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.