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Xagusdlong

$XAGUSD - Breakout from an ending diagonal Hi guys! 👋🏻 🔔 There is a very small gap in CFTC long and short net positions, long positions are increasing, non-reported net positions have 2x more long positions than short. 🔔 Covid19 new waves might support the new bullish for Silver and Gold. 🔔 Both metals tested their respective major support zones and Silver just broke out from the Ending Diagonal. Fear of inflation, fear of Covid19 spreading = hedging. Most known heding assets for long time are gold and silver. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
OANDA:XAGUSDLong
by azizelliott
XAGUSD RocketManChart is looking extremely bull for Silver price Bull signals: 1 - a Major trend line shown by dotted white line has been played and respected since 2 March 2020 and we have broken back above it after a test low dip on 30 March 2021 2 - Double bottom at what has turned out to be a major support zone for silver which is at the 0.382 Fibonacci retracement zone from the swing low at march 2020 and the swing high at august 2020. Great support here, low not been seen since 3 - W pattern formed (one of my favourite - so simple and effective) right at the double bottom 0.382 which was a key indicator for the continued rise for silver which has now found the neck line at 25.487 (0.236 fib retracement) 4 - We are above 50,100 & 200 MA and SMMA lines which is an amazing bull sign, the recent break above the 50Ma is a lovely end of week close for Silver 5 - the end of week close was also sat right above the white dotted line from the August 2020 high which marks out the upper side of the descending triangle that has been formed since the last high. What we are seeing now is a possible break out north, big potential for silver to test recent high at 30 and above As well as this the current Silver physical demand is through the roof and I do not believe that the current price at 25 reflects this. My trading ideas are not gospel, I just like the numbers and patterns Universal patterns are universal
FX:XAGUSDLong
by Money_Magnet_
3
Trade idea for Silver XAG/USDWhen we have a look at the chart we can see that Silver has been struggling to go below the 23.7 level for a while now. So this is the reason why I would consider to go long on it for now. The thing that we need to keep in mind is that there are a lot of people going long on Silver at the moment so we need to make sure that out SL is low enough so that we don't get stopped out when there is some SL hunting going on. If you like the idea don't forget to give it a like than Feel free to share your idea for Silver in the comments below If you have any questions, feel free to PM me.
FX:XAGUSDLong
by MaBaCapital2
5
XAGUSD (SILVER).......BUY...BUY 💹XAGUSD(SILVER) ⏬BUY @ 25.2655 ✅TP-1# 25.5675 ✅TP-2# 25.8341 ⛔️SL 24.5654 N.B-Silver create Bearish butterfly pattern.If have small balance plz avoid Silver trade now.Because highly volatile. 📊 Trade Accuracy 80% 📊 📊 Follow Proper M.M & Use S.L 📊 ..................................................................................... Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions. THANK YOU
OANDA:XAGUSDLong
by AronnoFx
Silver - Don't stop me nowSilver is trying to break above the 20 EMA on the daily chart today. The dollar took a big hit after the FOMC meeting today and after the weak bounce we had during the past few days it's turning down again. I think the weak dollar will be extremely good for gold as we are starting the new intermediate cycle: I already posted a long idea in gold a few days ago. But as I showed in a prevoius XAUXAG idea the big opportunity will be silver in the following weeks if the XAUXAG ratio finally breaks down the symmetric triangle: Silver on the hourly chart is breaking out of the compression triangle and testing the trendline: If we break the trendline , silver will be testing 30$ again and I think this time it will break through.
OANDA:XAGUSDLong
by chartwatchers
6
Silver - ready to break out of range?Since reaching $30 and coming back down, XAG has been stuck in a beautiful technical structure. It bounced straight off of the long-term fib at around $26.15 before becoming range bound between the weekly support at around $26.85 and the recent 0.618 level at about $27.75. Last night after the market opened back up, XAG crashed back down to the long term fib at $26.15 before being bought straight back up. You can see this on the 5m chart (I would post it but TV won't let me with my rep level). Combined with all the talk of Gold bouncing off its support and starting a new bull run and the general rising trajectory of Silver, I feel like Silver is ready to make a move up into the $28-29 area. If we do break out past $27.75, $28.27 will probably be where it finds resistance. I would say the best setup if you aren't in already would be to buy on the pullback of this break at $27.75. Entry: $27.75 TP: $28.76 SL: $27.47 (feel free to go wider as the broken fib level should provide some decent support) Happy trading!
TVC:SILVERLong
by pasojov
2