XAGUSD Down to $20 before big longsThe short zone may not get activated; however, if price moves up to 28 I'll look for shorts.
If not, the major long play is from $20-14 with targets at $50 for long-term holds!!
Let's go.
XAG
XAGUSD is approaching support, potential bounce. Price is facing bullish pressure from our pivot, in line with our graphical swing low support, ascending trend line, 100% fibonacci extension and 38.2% fibonacci retracement where we could see a further upside above this level to our resistance level at 29.6899. Failure to hold above our pivot level at 28.0565 could see a swing towards our first support target at 29.6899.
Pivot: 28.0565
Supporting Points:
graphical swing low support, ascending trend line, 100% fibonacci extension and 38.2% fibonacci retracement
1st Support: 26.6885
Supporting Points:
Horizontal overlap support, 61.8% fibonacci retracement
1st Resistance: 29.6899
Supporting Points:
Horizontal swing high resistance
Trading FX & CFDs carries high risk.
The uptrend in silver continues!Last week, the opportunity for silver came true.
Now the price is in a similar situation. After reaching $ 30 yesterday we saw a correction.
We are now looking for its end for new entry opportunities.
The expected resistance levels are in the area of the previous peak - 29.85 and in case of a breakthrough 30.82.
Fundamental grounds provide opportunities for higher values, so be prepared.
Some brokers are changing their margin requirements!
If you have questions about how to trade this or another situation, contact us!
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SILVER (40$ - 50%)i guys, as I said there are rumours that some hedge funds have started buying SLV iShares, this coud explains XAGUSD last week rise.
Nevertheless this create a massive ascending triangle on the silver value, very interesting for a midterm investment.
TARGET : 40$
TRADE : +50% PROFITS
$XAGUSD - Wait for a triangle breakout and longHi guys! 👋🏻
🔔 Silver is one of the assets to watch ahead of FOMC Meetings and Fed rate decision. Do not expect the Fed to change the rate, however will pay a lot of attention to what Chariman says. DXY is holding above 90.400 support and any positive phrase could bring the DXY to 91.
🔔 On the other hand, VIX is up 16.20% and above the dynamic support of October 20, the volatility is supported by the upcoming FOMC meeting and projections, the clarity which is expected from the Biden administration on economic plans, stimulus bill's value and date and of course the Covid-19 cases which hit 100M Worldwide, UK deaths hit 100K.
🔔 As of now Silver is testing an important support of the triangle pattern. Breakout of from the upper edge of the triangle pattern will get the price to $26.50, and above that to $27.70.
🔔 If breaks below than look for a support at $24.54, if the price remains above that, it might form an inverted head and shoulders pattern and jump to $27.70 from there.
🔔 Note that the latest drop of January 18 is slightly below the 0.618 level of the uptrend, hence there still is a hope that silver will go further.
✊🏻 Good luck with your trades! ✊🏻
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SILVER Long 225%: Cascading Cup And Handles - $48 TP1 - $96 TP2Silver has just hit an 8-year high after breaking $30.00, driven by retail investors on Reddit and Wall Street Bets on what several sellers are calling "unprecedented demand for physical silver."
A set of cascading Cup and Handles with a final target price of $96.202 has formed on the chart.
The inner cup and handle, inside the handle of the larger cup and handle, has a target price of $48.087.
Should the inner cup and handle pattern complete and hit its target price, a 42 year old cup and handle pattern forms which has a target price of $96.20
The Overall performance rank (1 is best) for the cup and handle pattern is 3 out of 39. It meets the target price 61% of the time.
For more information on trading this pattern and the statistics behind it see: thepatternsite.com
Disclaimer: This is not trading advice.
SIVLER | Descending Channel Breakout..!!#XAGUSD (Update)
In Daily timeframe Chart, SILVER is Breaking the Descending Channel Upside after 6 Months Consolidation..!!
Expecting +30% Bullish Wave towards the 36$ .📈
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
WHERE XAGUSD GOING TO GO THIS WEEK ?Price reached the major resistance area.
We can see three drive patern in 4H.
Price retraced 78.6% of the bearish move made last weeks and did not hold the price above this arae.
Also there is bearish engulfing in 4H.
💡Don't miss the great buy opportunity in SILVERMidterm forecast:
While the price is above the support 21.90, resumption of uptrend is expected.
We make sure when the resistance at 27.40 breaks.
If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 23.95 on 01/18/2021, so more gains maximum to Major Resistance (27.40) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 62.
Trade Setup:
We opened 8 BUY trade(s) @ 24.93 based on 'Hammer' entry method at 2021.01.18.
Total Profit: 1584 point
Closed trade(s): 354 point Profit
Open trade(s): 1230 point Profit
Closed Profit:
TP1 @ 26.00 touched at 2021.01.21 with 107 point Profit.
TP2 @ 27.40 touched at 2021.01.29 with 247 point Profit.
107 + 247 = 354 point
Open Profit:
Profit for one trade is 26.98(current price) - 24.93(open price) = 205 point
6 trade(s) still open, therefore total profit for open trade(s) is 205 x 6 = 1230 point
Take Profits:
TP1 @ 26.00
TP2 @ 27.40
TP3 @ 28.45
TP4 @ 29.85
TP5 @ 31.25
TP6 @ 32.45
TP7 @ 33.45
TP8 Free
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💡Don't miss the great buy opportunity in SILVERMidterm forecast:
While the price is above the support 21.90, resumption of uptrend is expected.
We make sure when the resistance at 27.40 breaks.
If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 23.95 on 01/18/2021, so more gains maximum to Major Resistance (27.40) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 62.
Trade Setup:
We opened 8 BUY trade(s) @ 24.93 based on 'Hammer' entry method at 2021.01.18.
Total Profit: 1584 point
Closed trade(s): 354 point Profit
Open trade(s): 1230 point Profit
Closed Profit:
TP1 @ 26.00 touched at 2021.01.21 with 107 point Profit.
TP2 @ 27.40 touched at 2021.01.29 with 247 point Profit.
107 + 247 = 354 point
Open Profit:
Profit for one trade is 26.98(current price) - 24.93(open price) = 205 point
6 trade(s) still open, therefore total profit for open trade(s) is 205 x 6 = 1230 point
Take Profits:
TP1 @ 26.00
TP2 @ 27.40
TP3 @ 28.45
TP4 @ 29.85
TP5 @ 31.25
TP6 @ 32.45
TP7 @ 33.45
TP8 Free
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
XAG Ascending triangle WSB BreakoutPurchasing in the physical market will force the ascending triangle established throughout the last year to break out hard to the upside for XAG. Bonus info is to watch physical PM dealers prices on the weekend for an indicator of futures prices. Currently they are climbing fairly aggressively.
SILVER LONG "SLV" "XAGUSD"This asset has a lot of attention right now. Entered Long on this highlighted Demand Area.
30%+ move up coming soon.Silver miners are breaking out and silver prices are following.
I'm quite long First Majestic Silver (AG) and think silver is a killer investment still as we haven't made new highs yet.
1st Target = $36.23
2nd Target = $49.60
SILVER - Time to go where it belongs?In my opinion it belongs in the range of 4- to 50$
If Gold is close to all time highs then how can Silver be at half of what it was almost 10 years ago?
I have been buying silver from time to time and doing again the last few days.
Silver Big Moon SoonSilver after breaking out has been consolidating in the $25-26 range. This appears to be healthy and has more legs to the upside. If the major support break around $23 it can fall to $16-20
XAGUSDsilver has signed some bearish signals and will came down till the green line plotted
after that the chart might be able to goes higher IF the chart breaked the green line the bearish state stands still but its not going to happen with current data but the chart reveals it after it reached the green line and will help us to decide but before it the bearish state is confirmed (because checked in higher and lower time frames)
XAGUSD (SILVER) - RETEST ANALYSIS 🔎
- XAGUSD brokeout above the descending triangle's inclined resistance.
- Price retraced, breaking down below the ascending trendline support.
- Price is retesting the 0.618 fibonacci retracement level and the descending triangle's inclined resistance.
- RSI is printing a bullish divergence signal.
- A bullish pin bar (hammer) was formed.
- We could see an uptrend continuation.
BUY ENTRY ⬆️
- Breakout above the horizontal resistance level 1 (R1).
TARGETS 🎯
- Previous swing high resistance (R2).
- Horizontal resistance level 3 (R3).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
Enjoy 🥂
