XAG
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.
Silver-Copper Ratio breaking outThe breakout of the Silver Copper Ratio suggests Precious Metals outperforming Base Metals over the coming weeks
XAGUSD ( SILVER ) SELL POSITION silver in downtrend!!!! waiting for a false break out.
to day fundamental: retail sale for us.
ent: 23.35689
sl: 23.62356
tp1: 22.84504
tp2: 22.58267
short on XAG USDI got this possession and i will share my possession to you and i hope you using
Dont forget Like and Follow
#XAGUSDHi traders
in the daily time frame price is on inverted H&S pattern and will be complete the Right shoulder which this pattern was repeated on4H TF buy opportunity
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.
XAG USD BUY (SILVER - US DOLLAR)Hi there.
Price is forming a continuation pattern to continue its up move.
Wait for the price to complete the pattern and watch strong price action for buy.
SILVER Local Short! Sell!
Hello,Traders!
SILVER was trading in a rising wedge
But now we are seeing a bearish breakout
I am now expecting the price to retest
The supply area above
After that, the price will fall!
Sell!
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See other ideas below too!
✅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 | Buy on dipsSilver has broken failing channel and tested first resistance at 24.88250.
It will come down to cool indicator before making next bullish move.
Attempt to buy it on dips with stoploss: 21.49500
Target: 26.55340
Additional information at my last prediction on silverNothing more, nothing less than what i say on the chart.
$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.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
XAGUSD LONG SILVERXAGUSD is making higher high and higher lows with many candle stick indicating the continuation of the bullish trend on hourly time frame. An attempt to long silver XAUUSD can be made with the stop loss of 23.57750 which is previous higher low.
XAGUSD Target Price 24.12370XAGUSD. Entry at 23.64050. Trade idea is Pin Bar Trade Strategy. Strategy consists of Pin Bar, EMA 10, EMA 20, and Horizontal Support Resistance.
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.
Silver xagusd long Silver has started the bullish move which we have expected in the pervious month this move will be a good move may be trade of the year.
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.
