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Weekly forecast Silver technical chart
Symbol XAGUSD
Trade Setup

#SILVER
Total Profit: 103 point
Closed trade(s): 103 point Profit
Open trade(s): 0 point Profit

Trade Setup:
We opened 9 BUY trade(s) @ 25.49 based on 'Valley' entry method at 2021.07.29.

Closed Profit:
TP1 @ 26.52 touched at 2022.03.08 with 103 point Profit.

All 8 trades closed at entry price, therefore no profit no loss.

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateApril 23, 2022 - 11:59
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 23.040, resumption of uptrend is expected.
  • We make sure when the resistance at 26.503 breaks.
  • If the support at 23.040 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
  • A peak is formed in daily chart at 26.205 on 04/18/2022, so more losses to support(s) 24.000 and minimum to Major Support (23.040) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 39.

Supports and Resistances:

  1. 60.000
  2. 49.800
  3. 44.200
  4. 37.500
  5. 33.450
  6. 29.850
  7. 28.304
  8. 26.503
  9. 13.600
  10. 11.250
  11. 9.400
  12. 8.450
  13. 7.650
  14. 7.000
  15. 6.200
  16. 5.450
  17. 4.400
Click on the level to view price action history.

Symbol Released Current Forecast
Silver (XAGUSD) Sat, 23 Mar 2024
Silver (XAGUSD) free Sat, 16 Mar 2024
Silver (XAGUSD) free Sat, 9 Mar 2024
Silver (XAGUSD) Tue, 5 Mar 2024
Silver (XAGUSD) free Sat, 2 Mar 2024