Xagusdlong
Silver- Will it reach 28 by year's end. IMO, it willIn my previous Silver analysis, I've argued that 23 is a strong buy zone and the price reversed exactly from that zone, putting in a Pin Bar on our daily chart.
As in Gold's case, Thursday and Friday the price rose and at this moment Silver is rising towards resistance.
This resistance can very well be the neck-line of an H&S pattern and a break here would expose important 28 zone resistance.
IMO the end of the year will be bullish for PMs and also a long trade for XagUsd with 28 target would have a 1:3 R:R
XAGUSD TRADE IDEASILVER
Following the daily breakout, I see an instant position at 4hr tf. (green) to ride the trend
Breakout at $24.868 on a monthly could provide a nice opportunity to buy silver dips.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
XAGUSD Long Daily/Weekly TimeframeXAGUSD showing a very strong recoverery from monthly lows this year, Now a clear daily breakout about the trendline has validated a break of the downtrend now seeking moves to the upside with a perfectly formed inverse head and shoulders.
XAGUSD - bullish AAD patternHello all!
Almost a month ago XAGUSD broken out of the long term bullish pattern.
Now it seems like it is bouncing of the lowest point of the AAD pattern.
This can be a confirmation for a bullish move. There are good odds for
a risk long entry.
Disclaimer: Any risk related to trading this commodity is solely on you. Please, think thoroughly before making a trading decision. Cheers!
Silver- Where to buy? After it has reached 24.70 zone resistance, Silver has started to correct October's rally and is trading now at 23.43.
Slightly under 23 is strong confluence support given by 61% Fibo and horizontal support and here we can look for opportunities to buy the market for a revisit of resistance.
silver is going to be mentioned a lot in the next few months.Inflation is not going to go down soon. Gold and silver are both great investments in the next months but I think that silver may give a lot more. Technically, the best place to buy is the mentioned zone in the chart and I think that price will return soon.
Silver Market Bullish Divergence Hello everyone, as we all know the market action discounts everything :)
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Silver XAG/USD begins the week in a positive way, rising 0.97%, at trading at $24.54 but have dropped to $23.916 today and the market sentiment is upbeat, portrayed by rising US stock indices, recording gains between 0.12% and 1.01%, contrarily US T-Bond yields slide, with the 10-year note rate falling one and a half basis points, sitting at 1.639%.
Oscillators on the daily chart – though have lost positive traction – are still holding in the bullish territory. Hence, any further decline might still be seen as a buying opportunity near the $23.55 region. This should help limit the downside near the $23.20-15 strong resistance breakpoint.
A Bullish divergence has been spotted between the market and different indicators that show the potential for an upward movement in the market soon.
Possible Scenarios for the market :
Scenario 1 :
The market has dropped in the last 2 days from $24.80 to $23.88 this Bearish move has a small possibility to continue until it reaches the support line located at $23.16 where a battle will happen over control between the Buyers and Sellers over control, If the Sellers were able to win we could see a further drop that will reach the $22.33 level before gaining upward momentum.
Scenario 2 :
A Bullish divergence has been found between the market and the RSI, MACD which shows a strong potential for an upward movement happening soon that will be headed to the first resistance located at $24.78, and after breaking out that level the market will push to the second resistance line at $25.53.
Technical indicators show :
1) The market is above the 5 10 100 and 200 MA and EMA showing a good bullish movement for the long term and daily range but still below the 20 and 50 MA,EMA that indicates a small drop for the weekly range.
2) The MACD is above the 0 line indicating a Bullish state in the market with a positive crossover and a Bullish divergence.
3) The RSI is at 56.27 showing good strength in the market with a Bullish divergence that indicates a rise in the market soon.
Weekly Support & Resistance points :
support Resistance
1) 23.259 1) 25.109
2) 22.207 2) 25.907
3) 21.409 3) 26.959
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
SILVER - LOOKING FOR THE LONGSilver is at support with 9th Aug.
It is also at a 1.272 reversal (Orange).
This is our first chance to go long (1st yellow bubble).
First target will be the breakout lower at 23.360
If the price action remains bearish the next support and next opportunity to go long will be at 22.00 (2nd yellow bubble).
This is a very important support. If it breaks there will be no support until 19.4 - this also happens to be a 1.272 reversal of the last major bullish swing (Pink 1.272) - from 24/09/2020 - 01/02/2021.
We get three shots at this.
Stops will be important as will the price action.
XAGUSD | Buy on dipsSilver has broken failing channel and tested first resistance at 24.88250.
It will come down to cool indicator before making next bullish move.
Attempt to buy it on dips with stoploss: 21.49500
Target: 26.55340
2510 Wkly Outlook Silver 24.8.-25.5 not far from nowHello traders,
Silver is not a good option to sell on this week.
I prefer you stay focus on any correction to open buy up to wkly resistance zone as targets.
The trend or order open last week still running floating profit.
Good luck on buying plan.
LESS IS MORE!
Silver Potential Bullish Reversal & IHS Pattern!Just when I thought silver was heading south for the winter, it started heading back north again. Perhaps, it's all the unsettling news regarding China lately. RSI is prime and swinging up , MACD has good momentum and we have broken up out of the down channel. NFA, DYOR
XAGUSD - swing long ideaXAGUSD is close to reaching the top of mid time frame falling wedge pattern.
Thus the correction wave is very close. As I assume the correction wave will
face the support line on the key level in green, as previously this level served
both as a very strong and clear support.
Therefore I am looking forward to entering opening the swing long position on
this key level, as the bullish wave is not over yet.
Disclaimer: this is for educational purposes only. Any risk related to trading this commodity is on you. Thanks.
XAGUSD LONG SILVERXAGUSD is making higher high and higher lows with many candle stick indicating the continuation of the bullish trend on hourly time frame. An attempt to long silver XAUUSD can be made with the stop loss of 23.57750 which is previous higher low.
Silver , We need pullback ...Hello everybody
In here we have new rally of Silver that it started days ago and in here in 4h time frame we have new powerful breakwave
The trend is upward and we need some rest and pullback to take position toward the trend ( Buy )
And we have heavy resistance in our way to go up , we can buy some silver after pullback done and wait until the Tp we shown on chart and if the price can rise more we can trail of position and we will going up
According to trend line that we shown , we expect that the price can come to touch it for support then can attack to the resistance zone , and near of the trendline with multi time frame checking and take signal we can buy and take long position
Dont forget use Stop Loss and money management
Good Luck
Abtin
( XAGUSD ) SILVER LONGA good Swing long trade on SILVER to take that i will be trading on my main account
SILVER...A BULLISH GOLD MINE?TECHNICALES
XAG/USD has finally come to a bearish end lasting over 120 days! An amazing performance from the metal in comparrison to the dollar.
The pair has made a bullish break out of the trend line on Thursday this week and tried to come back in but wicked out, continued bullish and there is our bullish confirmation!
On its way up i expect it to play around the regresstion trend till resistance zone of 24.641 strong bearish movement may come into play from then but will not come back to daily resistance zone bring at 22.435.
FUNDAMENTALS TO LOOK OUT FOR
SUNDAY, OCTOBER 17
02:00
USD IMF Meeting
MONDAY, OCTOBER 18
11:30
USD Fed's Quarles speech
20:00
USD Monthly Budget Statement(Sep)
Silver looking strongSilver down-move appears to have fizzled out. A good chance of a return to the next resistance (top red line)
Silver - LONGSILVER has been trading in a horizontal channel for 2 months. It looks like what appears to have been a breakdown has now reversed. An inverse head shoulders pattern pattern has formed and currently we are testing the downtrend resistance line. If broken, a great entry will be on the retest of the head and shoulders neckline. A target being the mid channel resistance.
Is Silver About To Have a Massive Breakout? - 30 USDOn the 4 Hourly we are seeing a massive Inverse Head and Shoulders pattern.
I believe that the inflation data by the FED minutes, is going to send Silver to breakout from the downtrend it has been on for some time.
Stay tuned for long-targets, as we see this breakout accour.
Fundamentals:
Mine production from primary silver companies also fell last year, by 3.8%. It, too, is expected to drop by double digits this year.
The ten largest silver countries have produced 12% less silver just since 2016.
Supplies of recycled silver have fallen by 28% just since 2012.
XAGUSD 1W TF : 10.Oct.2021 (Update)As we can see, the analysis is in weekly time frame and is a Arithmetic chart ... Everything is clear on the chart and the possible scenario is marked on the chart ... If you have any other questions, leave us a comment.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 10.Oct.2021
⚠️(DYOR)
