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XAG

Silver - Potential for correctionSilver - Intraday - We look to Sell at 24.08 (stop at 24.38) 2 negative daily performances in succession. Buying posted in Asia. Intraday, and we are between bespoke support and resistance 23.21-24.08. The bias remains mildly bullish but there is scope for a move in either direction at the open. Our profit targets will be 23.21 and 21.56 Resistance: 24.08 / 24.26 / 24.93 Support: 23.21 / 22.54 / 21.56 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:XAGUSDShort
by VantageMarkets
SILVER falling wedge breakoutPlease 1st of all click the boost🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. XAGUSD backtested twice the previously broken violet downtrendline (zoom out) and it held as support. Price recently bounced up and now breaking the falling wedge. If the break is successful then we could see price rising to the resistance @ 26.21. GOLD/SILVER ratio (see chart below) reached strong resistance and now dropping hard (as predicted) meaning that silver is stronger than gold. This is usually the case in metals bull market, silver is just high beta version of gold (aka gold on steroids). Are the metals bulls around the corner? Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
FX_IDC:XAGUSDLong
by bizmark
7
RLinda ! GOLD-> The price is in a bullish trend. What's next? Gold formed a strong bullish momentum after the release of positive data on consumer inflation in the United States. This fact may positively influence the medium-term dynamics of the markets. Gold updates multi-month highs to 1824.5 The price is trading in an ascending range (price channel). The last few days the gold was in a consolidation between 1807-1765, and yesterday we saw a break-up of the resistance, but a false-break has not happened yet, and the price is still consolidating above 1807.96, which opens a potential upside. I think that if the gold finally consolidates above the resistance, we might get to 1858 in the middle term. But, there is also a scenario of a false-break of 1807.96. If there is a consolidation below that level, the gold might make a technical reversal to the channel support. Regards, R. Linda!
OANDA:XAUUSD
by RLinda
27
RLinda ! GOLD-> uptrend, sideways range. What's next? Gold is pushing back from strong support, confirming a bullish trend in the market. Buyers were able to hold the 1765 level. Price is in an uptrend channel, but at the same time I pointed out the formation of a sideways range of 1807-1765, in the left corner I pointed out the flat trading format. Price is moving from resistance to support and vice versa In our case, the price has pushed away from the support and is aiming for a strong level, relative to which there was a false breakout earlier. Whether or not there will be a breakout at 1807.96, I cannot say for sure, we will have to wait for the price's reaction to that level. My priority is a pullback from the level, and after the pullback I expect a continuation of growth. We continue to monitor the price. In a pullback, I will stick to the level of 1784, and in case of a breakdown of the resistance, my target will be the level of 1850. Regards, R.Linda!
OANDA:XAUUSD
by RLinda
20
RLinda ! GOLD-> The bulls are defending the 1765 lvl. Going up?Gold shows us a stronger bullish behavior in the market. The price pullback to 1765, to the 0.5 Fibo level and the consolidation above the level, in the long zone, shows us a bullish mood. The price is in an ascending price channel and yesterday the gold consolidated after the false breakdown of 1765. The consolidation was between 1768-1778, and the subsequent break-down of the resistance tells us about the future direction. There is a potential upside to 1807.96 and then to 1858. I expect a final consolidation above the Fibo level of 0.618 (1778.489) and a subsequent rise in price. Regards, R.Linda!
OANDA:XAUUSDLong
by RLinda
15
XAGUSD Potential For Bullish ContinuationLooking at the H4 chart, my overall bias for XAGUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. With price tapping into my buy entry at 22.56150, where the 38.2% Fibonacci line is. Stop loss will be placed at 22.35795, where the 23.6% Fibonacci line is. Take profit will be at 22.91150, where the 23.6% and 61.8% Fibonacci lines are. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
OANDA:XAGUSDLong
by VantageMarkets
RLinda ! GOLD-> consolidation after the fall. What's next? Gold updated to a high of 1810 and then the price went into a retracement phase, which fell to the key level of 1765 and reached the 0.5 Fibonacci level, what to expect from that? We have an upward price channel and a strong uptrend on the back of loosening tight fundamentals. The price stops its correction at the 0.5 Fibonacci level and moves into consolidation between the 1768 and 1778 level. This can be interpreted multifacetedly, as a set of energy to buy and a consolidation to continue falling. An important nuance will be a price exit from the consolidation. A break-up of the resistance 1778 and its fixation above this level will send the price up to 1807. However, a breakdown of 1768, 1765 and a breakdown of the price channel support will open a potential for the price fall to 1729.5. Regards to R. Linda!
OANDA:XAUUSD
by RLinda
28
RLinda ! GOLD-> testing of support and Fibo levels 0.618, 0.5Gold is down $43 from yesterday's high. A technical pullback is forming to the key support level of 1765. Gold is in an uptrend channel. The price is still respecting the range boundaries and pulling back to the important support at 1765. There was a touch last night. Also, slightly above the support of 1765 is the key Fibonacci level of 0.5, which is a strong enough reason to wait for a pullback in the price. Since the price is near the support zone of the uptrend, I expect price growth in the short term. The short-term target is the resistance of 1807.96. Medium-term potential -1858 and 1869. Regards R.Linda!
OANDA:XAUUSDLong
by RLinda
23