XAG
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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Trade well, ❤️
ForecastCity English Support Team ❤️
💡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,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 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 $16-20
XAGUSDsilver has signed some bearish signals and will came down till the green line plotted
after that the chart might be able to goes higher IF the chart breaked the green line the bearish state stands still but its not going to happen with current data but the chart reveals it after it reached the green line and will help us to decide but before it the bearish state is confirmed (because checked in higher and lower time frames)
XAGUSD (SILVER) - RETEST ANALYSIS 🔎
- XAGUSD brokeout above the descending triangle's inclined resistance.
- Price retraced, breaking down below the ascending trendline support.
- Price is retesting the 0.618 fibonacci retracement level and the descending triangle's inclined resistance.
- RSI is printing a bullish divergence signal.
- A bullish pin bar (hammer) was formed.
- We could see an uptrend continuation.
BUY ENTRY ⬆️
- Breakout above the horizontal resistance level 1 (R1).
TARGETS 🎯
- Previous swing high resistance (R2).
- Horizontal resistance level 3 (R3).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
Enjoy 🥂
Adam and Eve on XBT/XAGBeautiful classic Adam and Eve pattern.
Nobody show this chart to Peter Schiff or he might finally give up the gold bug.
Silver Long Setup !!Gold and Silver were diving for the past sessions however if we look into the scenario on a bigger timeframe, we can see that
Silver is trading near critical level at which prices might be looking for a buy setups or news to start a new impulsive wave.
please take into consideration that the above analysis is based on Elliottwaves strategy, with an invalidation level 23.64 upon breaking this level
Silver might be doing a deeper wave 4 complex corrective cycle. that might target 21$ an ounce if broken 18 level !!!!
Silver
Looking better than gold but the H&S is scary.
Same Bull divergence as gold.
Gold Zone + Vol Shelve + Bull Div + Channel should offer some support for now...
XAGUSDSilver has completed a nice clean pullback in its bearish trend so if you are not holder just cash here your assets and wait for the dip to complete then enter again
or a better option get the sell option of this situation too and then enter for buy when the trend touched green line that counts almost doubles your profit in that time
Silver - $25.00 Key price actionIm having a look at $25.00 today, as Precious metals have a midday rally ( CAT)
XAG / U.S Dollar (SILVER) LongWXN TRADE IDEA
Buy Limit Order set @ 24.900
Stop Loss: @ 24.450
Take Profit: @ 26.430
But we recommend you take profit when you are happy.
Bullish Pressure after the pull back on the H4 time frame. We are allowing price to come back to the key level to consider our entry around the 24.900 area.
Risk: 45 pips (1R)
Gain: 153 pips (3.4R)
Risk/Reward : 1:3.4
XAGUSDsilver needs to complete its correction (but can stay bullish from the current spot but it will go bullish in slow slope) but the plotted one is more juicy and more probable for a commodity like silver
Silver Chart- not as clear as GoldUnlike Gold, Silver chart looks quite different.
Despite the fact that it did rebound of the support, the price is probable to drop to 20usd before rebounding. This makes us prefer Gold at this stage. Yes, they do rise or drop together.
We prefer to buy AGQ (ETF ProShares Ultra Silver). Trades like a share, no expiry, more controllable.
GOLD and SILVER - Interesting Combination!XAUXAG is sitting around a strong support and round number 70.0 so we will be looking for buy setups on lower timeframes. unles price breaks the green zone downward aggressively, then a bearish movement would be expected.
For XAUXAG to go up, there are three scenarios:
1- GOLD UP, and SILVER DOWN (best case scenario)
2- GOLD UP, and SILVER UP but with Gold moving up more aggressively.
3- GOLD DOWN, and SILVER DOWN but with Silver moving down more aggressively.
How to trade it?
Well it depends on your trading style/plan. but here is what I am waiting for as per my trading plan:
ON H4: XAUXAG formed a valid channel in red so we are waiting for a new swing high to form around the upper trendline to consider it our trigger swing and buy on its break upward.
The stop loss goes below the last swing low, and we always target double our stop loss size to have an edge over the market.
Meanwhile, until the buy is activated, XAUXAG would be overall bearish and can still break the green zone downward.
Good luck!
SILVERxagusd potential "price-time roadmap" big down wave might b coming soon or already started, before a continuation to the upside!
