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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.
SAXO:XAGUSDLong
by M4Academy
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! To support us, like and comment!
FX_IDC:XAGUSDLong
by ForexTrendline
2
$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! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
OANDA:XAGUSDLong
by azizelliott
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.
FX_IDC:XAGUSDLong
by alexhiggins732
1