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Joe Gun2Head Trade - Silver topped out in the short term?Trade Idea: Selling Silver Reasoning: Silver topped out in the short term? Entry Level: 25.1428 Take Profit Level: 24.22 Stop Loss: 25.4127 Risk/Reward: 3.5/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XAGUSDShort
by Signal_Centre
SILVER - XAG - Why I m BEARISH - FULL SETUPSilver is one step away from reaching resistance on the MONTHLY, it has increased a lot, a lot, but it will soon reach the area where many will close their profits. There are many institutions that take profit in this area, so this area will become more and more difficult to hold and thus it will weaken a lot, in addition, RSI is super overbought and this shows that interest will soon decrease if the price does not have a serious correction. I saw the first step on Friday when it rejected the support on the Weekly chart and fell quite nicely, but I have a SELL order above which is safer and could produce a nice profit.
CAPITALCOM:SILVERShort
by sfc95
SILVER BULLISH OUTLOOKSilver is gaining momentum, similar to the other precious metal, Gold. But their purposes are different: while Gold is used as protection against inflation from investors, silver has a lot more industrial uses, especially in the green energy sector. This makes the metal a lot more sought after. Both MACD and RSI are confirming the bullish trend, and if it continues, targets of 27.5 and even 29.1 can be expected. On the opposite scenario, as a pivot point, 23 might be considered, and if silver surpasses that level, further down movement to levels of 21.9 can be observed. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses
FXOPEN:XAGUSDLong
by legacyFXofficial
XAGUSD Daily Potential Forecast | 11th April 2023Technical Confluences 1. Silver is currently near last year's high 2. Near-term resistance at 25.31550 3. Near-term Support at 24.29100 4. High-up resistance at 28.13740 Idea We are looking for price to continue heading towards the near-term resistance at 25.31550. There might be some struggle to break through the resistance so we are expecting a possible pullback down towards the near-term Support at 24.29100 before continuing it's bullish momentum upwards. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
OANDA:XAGUSDLong
by OlympusLab
GOLD → Channel support, MA-200 and MA-50 are broken Gold breaks the support of the uptrend channel and renews the local low. The price is forming a sideways range. How might this affect the price? When channel support is broken, price breaks the 50-hour and 200-hour moving averages on the 1-hour timeframe, descending to a low of 1950. There is a chance that the price will bounce from the SMA on the retest and go to the support of the 1935 range. At the moment the futures are in the red zone, so it is worth to be careful about the purchases and to consider the sales as a small priority. I expect that the price will bounce down from the local resistance levels and go towards the support of the 1935 (range support). Regards R.Linda!
OANDA:XAUUSDShort
by RLinda
26
Silver shows bearish signs with head and shoulders patternThe silver is forming a clear Head and Shoulders pattern with a visible divergence on momentum indicators. Additionally, it has broken the ascending weekly trendline. These are all signs that the price is likely to fall to 22.150, after which it may rebound to 22.68 and retest the breached neckline. The retest point could present a good opportunity to enter a short position, with a potential profit of at least 6200 points. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
OANDA:XAGUSDShort
by Candlestick_OB
2