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J-XAG

XAGUSD Multi-decade Cup & Handle?Silver pulled back on Friday and today along with most major commodities due to the USD showing strength on the incredible Nonfarm Payrolls numbers. All this short-term price action though can be viewed as nothing but noise on one pattern that has been developing since 1980 and may be close to completion. I am using the very rare in financial analysis yearly time-frame where each candle represents 1 year. As you see since 1980, XAG has been forming a giant Cup & Handle (C&H) pattern. This formation tends to break aggressively to the upside once completed. Two elements play a key role here: * The 31.000 level and * The 1Y MA50 (blue trend-line). As you see during the formation of this pattern, Silver may have made its All Time High (and Double Top assuming 1980 was very close) at $50 but it is the $31 level that plays a critical part on a yearly basis as Silver has never closed a year above it even though it broke it four times. At the same time during the formation of the C&H, the price never closed below the 1Y MA50 (blue trend-line) and only had marginal wick breaks (6 times), which makes this the strongest Support. What makes the case of this pattern even stronger is that last year also almost bounced off the 1Y MA50. Investors should therefore keep an eye on the 31.000 level. If we manage to close this year (or any as a matter of fact) above it, then it will be a major first bullish sign that the Cup and Handle is close to being completed and that new ATH will follow. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> pablito1986z --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSD
by TradingShot
5
XAGUSD approaching the 9 month SupportSilver has been printing Lower Lows since the May 18 High and is now close to the 23.750 Support, which has been holding since December 15, 2020. If the 1D MA50 Death Cross is avoided (may have a March 2020 effect if it doesn't), then we can expect the Support to hold and rebound back to the Lower Highs trend-line. In that case, the target is 26.700 (just below the 0.618 Fibonacci retracement level). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> sikret --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSDLong
by TradingShot
2
XAU- Before the storm.NFP day, the excitement for the month, and I have picked up on this harmonic structure on the 30m timeframe, Now if we can see DXY make a move down to S3 support and the weekly low around 91.80 this harmonic will work a treat, However you need to wait for confirmation of this move, we need volume or PA to tell us we have found support, currently price is struggling and hasnt reacted that strongly, but we are in a dead spot before London and New york and more importantly for today the NFP volume, Proceed with caution, but thought id share what I see currently with you guys.
OANDA:XAUUSDLong
by UnknownUnicorn25686702
3
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support of 23.75, a resumption of an uptrend is expected. We make sure when the resistance at 28.75 breaks. If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 48 is not broken, the probability of price increase would be too low. A trough is formed in the daily chart at 24.50 on 07/27/2021, so more gains to resistance(s) 25.75, 26.60, 28.30, and maximum to Major Resistance (28.75) is expected. Price is below WEMA21; if the price rises more, this line can act as dynamic resistance against more gains. The relative strength index ( RSI ) is 46. Take Profits: TP1= 25.75 TP2= 26.60 TP3= 28.30 TP4= 29.85 TP5= 33.45 TP6= 37.50 TP7= 44.20 TP8= 49.80 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSDLong
by ForecastCity_World
14
SILVER (XAG/USD) – Week 30 – Expecting the bears to stay put.In our previous analysis, we forecasted that the price will start a correction and drop towards the support. Unfortunately, we only got 50% of that right, as the price ranged the whole week. In the coming week, we foresee the price to finish this pullback and drop towards the support level, eventually breaking it, having the potential to head into the $23 area. Don’t forget that we are in a strong weekly bullish trend and in the medium-term to long-term we expect the price to reach the $50 psychological level. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
FX_IDC:XAGUSDShort
by financialflagship
21