Xagusdforecast
Silver remains on course for successThe silver price (XAG/USD) has been in an upward trend since the end of November, with rising highs and lows.
Silver is currently performing much better than gold, which is why we clearly prefer this asset.
As long as the support at USD 26.70 and USD 25.90 is not sustainably undercut, we expect a further upward movement to the make of USD 29.30. The next high will be on February 24.
The next high is expected on 24 February (+/-).
(Our turning dates have an average tolerance of 3 days. In 80% of the cases it is 2 days).
Note:
Within our G.I. Swing trading strategy uses three special analysis methods. In this article, only partial aspects were published and does not represent a complete trading system, investment advice or purchase recommendation.
Silver- 26 is strong resistance nowAfter dropping around 18% from last week s top, Silver found support on Monday at 24.30 and started to rise.
The rise is clearly corrective in nature and it looks like a flag.
I expect gains to be very well capped around 26 resistance and we can expect a new wave of sales from here.
A good target for sellers can be 24.50
XAGUSD H4. This Analysis Based On Price Action Theory.We Have an Analysis Of XAGUSD H4. This Analysis Based On Price Action Theory.
Pair is looking completely strong and heading to the north side full of bullish momentum. The swings are making successively higher highs and higher lows on the hourly and 4 hourly charts. Pair is trading above all the major and minor EMA lines which are favoring the bulls and heading towards the north side. RSI and MACD indicators are also favoring the bulls and heading to the north side full of bullish momentum. We will keep our view bullish on the pair as long as 23.80 level remains intact. Odds are in favor of bulls. The $25.00 level is the next arrival of bulls and a valid breakout of this level will open the way towards the $25.30 and $25.70 level.
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
shivamfx Technical Team
Note- Please Take Only Two ✌️ 2% Risk On Given Analysis
XAGUSD Major trend line was broken along with a DojiXAGUSD
Has following the same path as GOLD as its got some rejection around 1.25560 a Bearish engulfing candle was formed and felled towards 23.879 a s the USD got some major BID in recent days. The major redline was broken on October 13 with strong bearish candle along with a doji candle.
The price was bounced from 23.875 and approached towards 24.600 level which is a .618 Fibonacci level and in morning session even XAUUSD felled below the .786 Fibonacci level as its currently trading in a range we may expect downward play as The stimulus talks are getting weaker day by day which will strengthen the USD and in turn XAGUSD will fall. And the downside target would be 23.414 which is a 1.272 Fibonacci level
💌 Leave your valuable comments and suggestions related to this idea in the comment section.
Thanks for your time. Good day guys 💝
XAGUSD H3. This Analysis Based On Price Action Theory.We Have an Analysis Of XAGUSD H3. This Analysis Based On Price Action Theory.
According to Multiple Analysis, We Can See That the Market has a Bullish Direction Even those market prices make a double top 🔺This indication of sell but due trend line or previous support we consider & For this We have Two ✌️ Target (Resistance) Area Around @24.117 & @24.400
For More Confirmation, You can see that Bollinger Bands, Fib Retracement & Super Trend The all are reflected Market Bullish Pattern
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
Enclavefx technical group
XAGUSD H4. This Analysis Based On Price Action TheoryWe Have an Analysis Of XAGUSD H4. This Analysis Based On Price Action Theory.
According to The Analysis, We Can See That the Market has a Sell trend on the monthly Time Frame As Well As Market keep Going Down On H4 Time Frame As well As Market Already Break It Old Support & after the price begins again Reject so many time From The New resistance @23.256, So Behalf On this We Have New Key Level(support) @19.378
For More Confirmation, You can see that RSI (Relative Strength Index) & MFI (Money Fellow Index)Both Already Reject From The Resistance Level As per Chart.
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
Enclavefx technical group
XAG/USD (SILVER / U.S. DOLLAR) BREAK OUTTitle/(Date): XAG/USD
Asset: SILVER
Order Type: BUY LIMIT
Time Frame:4HR
Entry Price 1: $26.780 (Pending)
Entry Price 2: $26.480(Pending
Stop Loss: $26,280
Take Profit 1:$27.280
Take Profit 2: $27.780
Take Profit 3:$28.280
Take Profit 4: $29.280
Take Profit 5 $30.280
Status: 🚨Pending🚨 /🏃🏽♂️Active (Entry 1)🏃🏽♂️
ridethepig | Silver Waterfall Event📍 What's in play here?
This boat is becoming very crowded and the absolute freeing move would be a pullback into support before continuation to the topside in 2021. I have dropped my target to 18.5x, because even after the defensive CB manoeuvres continue the strength is mostly priced, and late buyers are underestimating that.
The nucleus of the move comes from a 11 August with the start of an ABC part inside a 5-3-5 pattern to open up the possibility of a slingshot in wave 3. For now, to the downside sellers must not allow buyers too far down, or else the threat of the creation of a wedge would becoming disastrous. Take for example 22.4x and 18.5x as main targets to aim for. While to the topside, invalidation and reassessment needed above September highs.
Thanks as usual for keeping the feedback coming 👍 or 👎
XAGUSD - Could we see a move to $40 soon?Based on the previous move resembling a cup and handle, it seems history is repeating itself but on a smaller scale. It looks like we could see a move to $40...
Waiting for a break of the ray connecting previous pause high with current pause high, to go long for the big move.
Short term bearish correction should first complete.
XAGUSD SD Analysis Both Gold and Silver are looking quite bullish, In this Idea I will wait for the price to drop from 17.42-17.60 area to 16.46 area where I am expecting a new demand zone. Once a demand established I am expecting price to carry on the trend up to 18.70 area.
Disclaimer: This is not a recommendation or trading signal, it's just an idea for educational purpose, make your trading decision at your own risk and seek independence advise if necessary.