Categories: Technical Analysis

New High or a drop down?

Hi friends,

I am with both eyes on Silver price. It is on its very critical level, and I think if it manages to break up it could push all the way to 33.5 level or even higher.

Alternatively, there is 4H bearish divergence so a break down the 4H trend line will lead for a down move to 31.5 or even 31.

So what’s the direction? No one knows now, if I have to bet, I bet up but it is a BET only! As we are just about to have the vote about debt ceiling in USA. ALL could turn after that.

Here’s my chart about the silver (click to enlarge):

I wish you a wonderful day and good forex trading

Yours,

Vladimir Ribakov
http://www.divergenceuniversity.com/

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

View Comments

Recent Posts

Forex Weekly Forecast: EUR/USD, GBP/USD, NZD/USD, Gold (XAU/USD) – 13 April 2026

Hello traders, Vladimir here from Home Trader Club. This week, we have several high-probability technical…

2 days ago

Weekly Summary And Review 10th April 2026

Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of April…

5 days ago

Gold Short Term Forecast Update And Follow Up

Hi Traders! Gold short term forecast update and follow up is here. On February 5th,…

6 days ago

Forex Market Analysis & Day Trading Opportunity | Dax | 9 April 2026

Hi Traders! Dax short term forecast and technical analysis is here. We do our analysis…

6 days ago

Forex Market Analysis & Day Trading Opportunity | NZDUSD | 8 April 2026

Hi Traders! NZDUSD short term forecast and technical analysis is here. We do our analysis…

7 days ago

🔥Exclusive Partnership Announcement: AvaTrade + Home Trader Club Access🔥

We are pleased to officially announce our new partnership with AvaTrade, one of the most…

1 week ago