Silver's Bullish Momentum: Can It Rally Another +12.14%?
Hey Realistic Traders, A lot of uncertainty looms after Donald Trump was officially sworn in as President. Will Safe Haven Assets, such as 
XAGUSD Rise Again?
Let's dive into the analysis...
Silver has tested the EMA-200 line more than twice in the past year. This retracement often signals a strong bullish trend.
On the daily chart, Silver has formed a falling wedge pattern, followed by a breakout. The breakout, combined with a bullish MACD crossover, suggests the trend is likely to continue upward.
Based on these technical indicators, the price is projected to rise toward Target 1 at $33.0811 or potentially Target 2 at $34.5649, as long as it stays above the critical stop-loss level of $28.7040
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"Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Silver".
XAGUSD Rise Again?Let's dive into the analysis...
Silver has tested the EMA-200 line more than twice in the past year. This retracement often signals a strong bullish trend.
On the daily chart, Silver has formed a falling wedge pattern, followed by a breakout. The breakout, combined with a bullish MACD crossover, suggests the trend is likely to continue upward.
Based on these technical indicators, the price is projected to rise toward Target 1 at $33.0811 or potentially Target 2 at $34.5649, as long as it stays above the critical stop-loss level of $28.7040
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
"Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Silver".
Trade aktif
Followed up with a more impulsive breakout, a good sign it may go toward our target :D
Trading ditutup: target tercapai
Hit the first target
I just noticed the Silver Price was lagging, if we compared it with gold.
The formation of an inverted hammer on the daily timeframe is usually an indicator of an upcoming correction
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.