Silver(
XAGUSD) began the week with a strong upward move, gaining over +6%. Now the question is whether it can continue this rise or if it needs a price correction before further upside. Stay with me on this!
Currently, silver is trading within a resistance zone($88-$85).
From an Elliott Wave perspective, it looks like silver has completed a five-wave impulsive structure on the 4-hour timeframe, so we could expect downward corrective waves in the coming hours.
I anticipate silver could decline at least to $82.46, with a second target potentially around $80.83.
First Target: $82.46
Second Target: $80.83
Stop Loss(SL): $88.29
Points may shift as the market evolves
What’s your view on silver? Can it climb above $90, or should we expect a price correction in the coming hours?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌 Silver/ U.S. Dollar Analyze (XAGUSD), 4-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) began the week with a strong upward move, gaining over +6%. Now the question is whether it can continue this rise or if it needs a price correction before further upside. Stay with me on this!Currently, silver is trading within a resistance zone($88-$85).
From an Elliott Wave perspective, it looks like silver has completed a five-wave impulsive structure on the 4-hour timeframe, so we could expect downward corrective waves in the coming hours.
I anticipate silver could decline at least to $82.46, with a second target potentially around $80.83.
First Target: $82.46
Second Target: $80.83
Stop Loss(SL): $88.29
Points may shift as the market evolves
What’s your view on silver? Can it climb above $90, or should we expect a price correction in the coming hours?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌 Silver/ U.S. Dollar Analyze (XAGUSD), 4-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.
İşlem aktif
Not
You can Risk-Free your Position.İşlem kapandı: durdurma seviyesi
Although I said yesterday to risk the position, out of respect for users who saw this update later, I will close this analysis with a stop loss. Unfortunately, the first target did not meet with a small difference, which is normal in financial markets.
It seems that silver has broken the resistance zone($88-$85) and we can expect an increase to the next resistance zone($97-$90). The upper lines of the ascending channels can be considered as resistance for silver.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
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🎁 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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.