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XAG

🔥NEW: XAGUSD 🔥 SWING TRADE 🔥 (2W)As an alternative, you can choose your TP based on the ATR of your favorite chart: ATR = Average True Range 1 day = 20 pips 4 hours = 10 pips 1 hour = 5 pips 15 minutes = 3 pips 5 minutes 2 pips TECHNICAL ANALYSIS: The XAGUSD pair is currently trading in a range between 26.14 and 22.11. Price Action has been consolidating in this range since April 24, 2023. Now, that PA has bounced off of our TP1, we should be good to go for more downtrend action. INDICATORS: P2P INDi — Annotates Curve Analysis — Pivot High @ 28.90 — Pivot Low @ 12.75 — Based on this curve, PA is bearish TREND — Momentum: Big Picture Downtrend — Price Action: Downtrend — CounterTrend: NO (conservative trade)
OANDA:XAGUSDShort
by ProfessorCEWard
Is silver going to $26 per ounce? Maybe. In our preceding discussion on silver, we delved into the dynamics of supply and demand, highlighting the deficit in supply compared to demand throughout 2022. In addition to that, we talked about how this opportunity, coupled with some other factors, could present an interesting opportunity to go long silver. Since then, the price of silver rose from around $22.50 to more than $25 just a few days ago. Currently, one troy ounce of silver trades around $24.85. We continue to be bullish on silver and pay close attention to the area between $24.55 and $24.64. If silver manages to defend this area and ideally hold above it, it will be bullish. But if it fails and drops below its 20-day SMA near $23.90, it will prompt us to secure profits. At the moment, our price target of $26 stays in place. Illustration 1.01 Illustration 1.01 displays the daily chart of XAGUSD. The yellow arrow indicates a bullish breakout from the downward-sloping channel. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section.
OANDA:XAGUSDLong
by Tradersweekly
15
it's time to going up for XAGUSDbefore buying, please check for being sure about your opinion about the Trend!!! (in every target you want closed the position but our target is the third one) be rich... and doing and living in the best quality *-* (Guy's the entry place is importance things in enter in a position and be careful) ************************************************* if you want to enter in this position: Enter Price: 24.35707 Target1: 24.55548 Target2: 24.72909 Target3(Final Target): 25.06104 Stop loss: 24.18961 *************************************************
OANDA:XAGUSDLong
by MakingMoney444
🔥NEW: XAGUSD 🔥 SWING TRADE 🔥 CounterTrend⚠️ A countertrend trade is a trade that is made against the prevailing trend. This means that the trader is betting that the trend will reverse and that the price will move in the opposite direction of the BIG PICTURE trend. Countertrend trading can be a very profitable strategy, but it is also more risky than trend following. SLO @ 24.66 📉 +0.42% SSO @ 24.26 ⏳ TP1 @ 24.55 (scalp) TP2 @ 23.85 (day) TP3 @ 23.85 (mid-pivot) TP4 @ 22.45 (swing) Or choose your TP based on the ATR of your favorite chart: ATR = Average True Range 1 day = 20 pips 4 hours = 10 pips 1 hour = 5 pips 15 minutes = 3 pips 5 minutes 2 pips TECHNICAL ANALYSIS: The XAGUSD pair is currently trading in a range between 21.52 and 26.12. The price has been consolidating in this range since March 16, 2023, and it is not clear which way it will break out — below 21.52 or above 26.12. Support and Resistance: However, PA "kissed" the main Support level at 22.09, and it broke the main Resistance level is at 25.17. If this "odds enhancer" works in our favor, we should see a BREAK OUT to the upside above 25.17. INDICATORS: P2P INDi — Annotates Curve Analysis — Pivot High @ 26.12 — Pivot Low @ 21.52 TREND — Momentum: Big Picture Uptrend — Price Action: Downtrend Retracement — CounterTrend: YES (aggressive trade)
OANDA:XAGUSDShort
by ProfessorCEWard
Huge market deficit, speculation, and investment appealSilver is a precious metal that has long been valued for its versatility, beauty, and rarity. Its unique properties have made it an important material for both monetary and industrial uses. While silver is often overshadowed by gold in terms of investment appeal, it has its own unique investment potential that should not be overlooked. Based on the data from The Silver Institute and Metals Focus, there are several developments in this space that may make silver an attractive option for investment or speculation in the coming months. To better understand this opportunity, it is important to be acquainted with the driving forces in the silver market. Silver is produced by mining and recycling. On the demand side, silver has a variety of uses, including in jewelry, silverware, investment, and industrial applications. In 2022, the total supply stood at 31,250 metric tonnes. Meanwhile, total demand reached 38,643 metric tonnes. The mining activity accounted for 81.84% (25,578 metric tonnes) of the supply in 2022, with recycling contributing the remaining 18.16% (5,618 metric tonnes). Mining output dropped by approximately 1% YoY, and recycling grew by about 3% YoY. As for the demand in 2022, industrial use accounted for 44.79% (17,309 metric tonnes), jewelry for 18.83% (7,280 metric tonnes), silverware for 5.91% (2,286 metric tonnes), photography for 2.21% (855 metric tonnes), and physical investment for 26.79% (10,356 metric tonnes); the remaining 1.47% of the demand relates to the other uses. The investment demand for silver doubled from 4,884 metric tonnes in 2017 to 10,356 metric tonnes in 2022. Furthermore, jewelry demand fully recovered from a slump during the Covid-19 epidemic, rising from 4,680 metric tonnes in 2020 to 7,280 metric tonnes in 2022. In fact, the total demand for silver returned stronger from the 2020 disruption, resulting in the market being undersupplied by 7,393 metric tonnes in 2022. As the World Silver Survey 2023 expects the total output to grow only by 2% in 2023, the market deficit represents an interesting dynamic that might prove to be impactful to the price of silver in the future. However, with the current weakness in the precious metals sector, we think it would be reasonable to either wait a little bit longer before entering a trade or start with very small purchases in multiple transactions (leaving more capital on the side for later). Our goal would be to get the entry closest to the $20 price tag and wait for silver to rise above $26. Illustration 1.01 Illustration 1.01 shows the daily chart of XAGUSD. One red arrow indicates the declining price from 5th May 2023 until yesterday; the other red arrow hints at volume, which started to decline more recently. Normally, such a relationship between the price and volume suggests that selling pressure is losing steam, and reversal can be impending. Technical analysis Daily = Bearish Weekly = Bearish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAGUSDLong
by Tradersweekly
12