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XAG

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 🥂
FX:XAGUSDLong
by Chibuike_Odoh
4
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 !!!!
OANDA:XAGUSDLong
by josephdahrieh
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!
OANDA:XAUXAGLong
by TheSignalyst
35
Silver - Don't rush into 2021 with precious metals!!FINALLY - Are you ready to conquer 2021? I want to start this post by saying 2020 was indeed a very difficult year for many including myself the changes were and are very difficult but there were a lot of trade opportunities and this will carry onto 2021. I have posted on our YouTube channel 2021 Yr outlook - If you're interested message or comment down below - A Link will be sent to you. Overall outlook for precious metals. There will be a pull back due on most of G10 FX Pairs, commodities & Precious metals . 2021 - Overall outlook 30-4O price for silver longer term view. Yes, I am bullish. Silver Daily: Key support areas: 1. 24.60 2. 23.30 3. 22.40 Key Resistance areas: 1. 26.70 2. 27.80 3. 28.50 2021 - There will be many exciting changes that will be implemented to Trade Journal. Private Trade Ideas will be now posted, uploading videos on our YouTube account and many more exciting steams on various social media platforms - Stay tuned! We are bringing you more content to boost your trades to the next level. If you'd like to grant access to all these updates, which are FREE - message us, comment down below, give us a like and we will be sure to contact you as soon possible!! Key Tip - follow your trade plan, execute wisely and don't get emotionally embedded into any trades you take ever. Lastly, I do want to wish you - Happy New Year! It's time for us all to have an exciting and very prosperous year ahead of trading! Best wishes, Trade Journal (TJ) Remember: Just trade idea, not a recommendation.
OANDA:XAGUSD
by Trade_Journal
8