Today I want to share with you an analysis of SILVER(
XAGUSD). In my opinion, in terms of technical analysis, Silver has a more regular chart than Gold(
XAUUSD) these days.
Silver is currently trading near the Resistance line, Important Resistance lines, Yearly Resistance(2) and Potential Reversal Zone(PRZ)[$42.00-$41.22].
In terms of Elliott wave theory, it seems that Silver has managed to complete microwave 3 of the main wave 5, and after the support lines are broken, we can expect a decline and completion of microwave 4. The end of microwave 4 could follow Fibonacci levels.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect Silver to fall to at least $40.51(First Target) AFTER breaking the support lines.
Second Target: $39.81
Stop Loss(SL): $42.18
Note: Today's US data release could cause a shock to Silver, but ultimately, Silver will continue its downward trend (at least to the first target).
Please respect each other's ideas and express them politely if you agree or disagree.
Silver/ U.S. Dollar Analyze (XAGUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAGUSD). In my opinion, in terms of technical analysis, Silver has a more regular chart than Gold(XAUUSD) these days.Silver is currently trading near the Resistance line, Important Resistance lines, Yearly Resistance(2) and Potential Reversal Zone(PRZ)[$42.00-$41.22].
In terms of Elliott wave theory, it seems that Silver has managed to complete microwave 3 of the main wave 5, and after the support lines are broken, we can expect a decline and completion of microwave 4. The end of microwave 4 could follow Fibonacci levels.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect Silver to fall to at least $40.51(First Target) AFTER breaking the support lines.
Second Target: $39.81
Stop Loss(SL): $42.18
Note: Today's US data release could cause a shock to Silver, but ultimately, Silver will continue its downward trend (at least to the first target).
Please respect each other's ideas and express them politely if you agree or disagree.
Silver/ U.S. Dollar Analyze (XAGUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
🚀 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
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.