XAG
silver is going to be mentioned a lot in the next few months.Inflation is not going to go down soon. Gold and silver are both great investments in the next months but I think that silver may give a lot more. Technically, the best place to buy is the mentioned zone in the chart and I think that price will return soon.
SILVER (XAG/USD) – Week 43 – Pullback before continuation.In our previous analysis, we expected the price to enter a bearish phase from the resistance. Instead, the pair corrected and found more bullish momentum along the way.
In the coming days, we expect Silver to reach the confluence between the trendline and the support before resuming the uptrend.
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.
✅SILVER BREAKOUT|SHORT🔥
✅SILVER broke a falling resistance recently
And then went up in in a rising wedge pattern
Now, the price hit a resistance level
And we are seeing a breakout from the wedge
Which makes us locally bearish
And I think that we will see a local move down
SHORT🔥
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$XAGUSD - Goes to $26Hi guys! 👋🏻
🔔 Silver continues its uptrend since September 30, 2021 when it hit the newly lows of the year. The uptrend is backed by the FED’s tapering plan which should start in November. Despite the positive US Jobless Claims, the US Dollar index remains under pressure below the 93.7 level.
🔔 The US Dollar index is still vulnerable below the 93.7 which is a crucial resistance. The DXY chart I was posting in my previous articles still seems to be valid and the USD might drop to 92.5 - 92.4 levels to complete the expanding diagonal pattern.
🔔 As for the technical analysis, Silver on a daily chart is currently testing a resistance level formed by MA100. If XAGUSD doesn’t overtake this resistance, it might drop to $23.5 to find the next support backed by the EMA50.
🔔 RSI indicator shows signs of a correction ahead, MACD remains bullish. Hence, after a slight correction, XAGUSD may continue the uptrend up to $26 and $26.8.
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LTC, LONG termSometimes I'm shocked seeing sell ranges, but at the end of the day - it's just numbers... Imagine telling someone once Litecoin is at $3 that it will do over 100x within the next few months... You would be laughed at. Now look at the price from the beginning of 2017 - seeing possibility of c. $3k looks like a matter of time. To good to be true - let's see how this one plays out during this cycle.
Long Silver on Reversal head and shoulders PatternA nice reverse head and shoulders is playing out and the break of the downtrend opens up a further squeeze higher. Oil and stocks are continuing to move higher and this is helping fund this trade via inflation fears and a weaker USD against commodities.
$25 is the eventual target but we are looking for moves above $24 in coming sessions.
Very nice risk reward as stops can be just below the old break out levels at $23.
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Silver - LONGSILVER has been trading in a horizontal channel for 2 months. It looks like what appears to have been a breakdown has now reversed. An inverse head shoulders pattern pattern has formed and currently we are testing the downtrend resistance line. If broken, a great entry will be on the retest of the head and shoulders neckline. A target being the mid channel resistance.
SILVER Local Short! Sell!
Hello,Traders!
SILVER is still trading in a downtrend
And despite the fact that I am bullish
On Silver mid term and long term too
Locally, there is a high chance
For a pullback from the falling resistance
And a retest of the weekly support
Sell!
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✅SILVER RESISTANCE CONFLUENCE|SHORT🔥
✅SILVER bounced off the horizontal weekly support
Just as I predicted and went up
Now, however, a resistance confluence is on its way
And I think that after the retest
The price will go down
To retest the support below again
SHORT🔥
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💡Don't miss the great buy opportunity in XAGUSD (SILVER)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (22.66).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAGUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 23.14
TP2= @ 23.43
TP3= @ 23.96
TP4= @ 24.59
TP5= @ 25.12
TP6= @ 25.52
TP7= @ 26.00
SL= Break below S2
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