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XAG

Potential opportunity long xag silver usdHere we have the silver against the usd which is at the dawn of a breakout. On the chart we see that at 31.25100 the silver will surpass a high point dating from 2011. If it is heading towards its old ATH of $ 49.81, it will enter a price discovery phase after 10 years of consolidation and accumulation. There is a lot of potential on this chart. I will take this long once the 31,251 is exceeded and closed daily, here it is not a question of opening a trade and exiting immediately but of riding the potential upward acceleration by increasing its stop loss gradually in a structured and non-aggressive way. . My stop loss will be 20% of my entry price and my entry price will be based on a daily close. I know it is better to wait for a 3D timeframe or weekly closing on this kind of asset but this is my plan and in no way investment advice. Feel free to comments my chart and share your opinion. Thanks
OANDA:XAGUSDLong
by A0A122
XAGUSD Strong rally towards the end of the yearAs the 1D MA50 (blue trend-line) has been supporting Silver since late October, it is a good time for me to update my outlook on the metal. So far my September 30 trading plan remains valid: As you see we caught the market bottom on that exact date and the price has been rising ever since, creating an Inverse Head and Shoulders pattern in the process, which is a technical bullish formation. Last time we saw the 1D MA50 turning into a Support after a break-out following a rebound on the 21.650 Support, was in January 2021. As you see that was also after a new High and what followed was a rally that gave a new Higher High. With the 1D CCI being also on a symmetrical Support level (-100.00), I am expecting a similar rally this time also, which can last as long as until the end of the year. The 0.786 Fibonacci retracement level has always served as a strong Resistance and that is an ideal target for swing buyers. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSDLong
by TradingShot
2
XAGUSD with a possible strong bullish playXAGUSD seems to have completed a head and shoulders pattern on its daily chart, it has also made extensive bullish moves which are now being supported at a resistance turned support. We strongly believe that XAG could become highly bullish based on everything we see in the charts right now. Some more downside could occur, but it shouldn't drop further than the 24,329 area. We have already started building a bullish position here and will be adding on it with every opportunity, unless we see reasons that our bullish analysis is fialing.
OANDA:XAGUSDLong
by PrimedGroup
1
Silver - iH&S breakout - $28.24 by year endSilver is coming back up off the yearly lows and has painted an inverse Head & Shoulders pattern which is now breaking out on the daily timeframe. This has been triggered in part by yesterday's US Inflation rate data (YoY was 6.2% - the highest annual pace since Nov 1990). Similar price action can also be observed in other inflation hedges such as Gold and BTC breaking out yesterday. To determine targets we look at the inverse H&S measured move, which coincides nicely with the 0.786 fib level as well as the horizontal resistance area from post-Covid highs. Other possibilities (shown with dashed & more transparent arrows) are price stalling out a little lower - at 0.618 fib level ($26.78) or the descending resistance TL (roughly $27.38). Targetting 0.786 fib - $28.24 Lesser target 1 - $27.38 Lesser target 2 - $26.78 Zooming out to see the bigger picture to the Monthly chart. If (and only if) we break above post-Covid highs can we begin to look for moves higher to 2011 levels. If this scenario were to play out - I would look to fib levels again for potential targets in the not so distant future (would expect these to play out over the next few years): 1.618 fib - $35.45 2.618 fib - $44.11 3.618 fib - $52.78
TVC:SILVERLong
by Vanillasagna
2
Silver - Hedging for InflationGold and Silver have both surged higher on the back of soaring US inflation and have reclaimed their status as inflation hedges after many months of not moving on Inflation data. Gold moved $40 higher and Silver $1.80 as US printed 6.2% Y/Y headline inflation for October. The Inflation debate is likely to remain for many months and each time its affirmed should help Gold and silver. We pick silver as it moves % more and has more upside if can break old resistance levels. Buying dips as long as we hold above $24 and Targeting $26 to $30 in coming days/weeks. “Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party."
EASYMARKETS:XAGUSDLong
by easyMarkets
Technical analysis update: XAUUSD (8th November 2021)XAUUSD trades just 10 USD below its short-term resistance. We will observe gold in the following days and we will look for potential strength that could elevate price above short-term resistance. In our opinion such occurence would be very bullish development for gold. Indeed, we expect it to cause resumption of uptrend in gold. Because of that we continue to be very bullish on gold and our short-term price target is 1850 USD. Our medium-term price target is 1875 USD and long-term price target is 1900 USD. Technical analysis We expect price to continue climb higher as MACD, RSI and Stochastic are all very bullish. Though, ADX contains low value which suggests that trend remains neutral at the moment. Despite that we are bullish as we expect breakout above short-term resistance and eventual resumption of uptrend. We previously showed inverted head and shoulders pattern being formed. We later stated that pattern was taking too long to form and we abandoned it. However, resistance level at 1835 did not lose any importance. It is still valid level for breakout as it coincides with short-term resistance. Support and resistance Short-term resitance sits at 1835 USD while short-term support lies at 1750 USD. Next important resistance sits at 1916 USD and then major resistance appears at 2075 USD. Major support level sits at 1676 USD. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
12