Get started

Xagusdanalysis

Silver- Best place to buy itAs I said in my previous analysis, in a bullish scenario ( which I definitely expect ), Silver has more to gain than Gold. ... Last week Silver was on the run, same as Gold, but, as usual, things are more clear here from the technical point of view. On Tuesday XagUsd broke above 2 important resistances, the descending trend line resistance and the horizontal and psychological 25 figure. After reaching my short term target at 26, on Friday, we have consolidation and a slightly corrective move. I expect the price to continue up and gains to accelerate after 26 breaks and, more important, I expect Silver to reach 30 in the first trimester of 2021. 25.50 followed by 25 could be a great place for bulls to enter trades and only a break back under 23.50 would delay this scenario.
OANDA:XAGUSDLong
by Mihai_Iacob
6
SILVER XAGUSD - To The Moon? Watch To See..Silver XAGUSD has been a very profitable trade for us within the month of December where we forecasted a big rally on the back of more stimulus, annual inflation and seasonality. In terms of Silver we have to be extremely careful in our trading and "scale in" instead of going "all in", for next week we are aiming for a quick take profit level of 26.22 and we will either add more orders or protect our positions based on the reaction of the market off that level. Silver can be extremely profitable for you, but you need an approach to trading that combines data + key levels to be consistently profitable. If you are finding yourself losing money trading, make sure to give us a like and follow to keep learning the best strategies for profitable trading.
OANDA:XAGUSDLong
by nassimettaki
Silver - Continuation @ridethepig Silver Market Commentary 16.12.2020 => It was no struggle for buyers to take out the diagonal resistance. Then, what comes next is a paralysing advance. Should some sellers wish to continue holding once the initial targets are hit then we can see capitulation. This is a typical continuation flow with Fed which can be played here. The bid will advance from here and cannot be prevented in the short-term. This will now move with Gold and show bare the base of the retracement. The correct manoeuvre here consists of holding and working longs, enough to allow 26.0x (+10%) and 28.9x (+23%) above. Swing the bat and go massive when the positions starts working. Thanks as usual for keeping the feedback coming 👍 or 👎
FOREXCOM:XAGUSDLong
by ridethepig
2
Silver- Bullish also on short term (H1 outlook)A few minutes ago I made an analysis and explained why I'm bullish Silver in the long term. Looking at H1 chart we can see that XagUsd is also bullish in the short term... After the drop from 2 weeks ago and the low from Monday, Silver recovered quickly and price and up just under 24.50 zone important resistance. In this H1 chart, we can clearly see that price is pressing this resistance and it formed an ascending triangle. A break to the upside should accelerate gains towards 26 resistance. Interim resistance are 25 and 25.50 and 23.50 is strong support now Dips towards this support should be bought and also buying the break can be a good strategy
OANDA:XAGUSDLong
by Mihai_Iacob
2
Silver- To resume its aggressive uptrend?As always, when things are not so clear with Gold, I look at Silver, is more technical and often gives me "clues" As I said in a previous analysis, unlike Gold, Silver didn't made a new local low this week and stopped in strong 22 support. This week was finished with a bullish engulfing from this support and adding this fact to the bull trend that we are already in, I expect a continuation to the upside. For a clear confirmation, XagUsd needs to conquer 24.50 resistance and I expect acceleration to the next important resistance at 26. As long as the price is above 22 buy dips is my strategy
OANDA:XAGUSDLong
by Mihai_Iacob
2
Silver- 24.40- 24.50 zone is the line in the sandSince August top at 30, Silver dropped 8usd (if we consider the low) which is approx 25%. The drop is clearly corrective in nature and, unlike Gold, Silver didn't make a new low. Now XagUsd is trading just under an important confluence resistance zone and a break and daily close above would signal the end of this correction On the short term 23.50-23.60 zone is support now and dips towards this zone should be bought with a target around 24.40 resistance
OANDA:XAGUSDLong
by Mihai_Iacob
1
Silver looks very differentThe price of Silver also dropped at the beginning of the week, but the chart looks very different than Gold's. First of all, we don't have a new medium-term low for Silver with the price stopping its descent just under 23. Second, from the last low, we have higher hights on our chart and the price looks very well supported by bulls. A break of this short term consolidation can put the price again above 24 and also could signal that the correction for Silver is done and the precious metal could resume its uptrend. I'm bullish Silver, more than Gold:)
OANDA:XAGUSDLong
by Mihai_Iacob
5