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Xagusdlong

Silver- 28 next?As usual, Silver is more volatile than Gold, and yesterday's 500 daily range on XauUsd translated in more than 2500 pips volatility for Silver. But, also here, nothing is changed from a medium-term perspective. The drop from 27.40, although very violent, is nothing more than confirmation for 25 as strong support. At the time of writing Silver is trading stable above 26 resistance and I expect the bull run to continue towards 28. On the short term, dips should be bought and the bullish scenario remains intact as long as we don't have a daily close under 25
OANDA:XAGUSDLong
by Mihai_Iacob
1
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
$XAGUSD - Inverted H&S and important breakoutHi guys! 👋🏻 🔔 Silver confirmed an important brekout from the descending channel. 🔔 A pattern to watch here is - Inverted Head and Shoulders 🔔 Biden will push the stimulus bill as Covid cases in the US hit new record highs. It's time for gold and silver to shine again. 🔔 Currently, silver is testing the neckline, might retrace a bit and later continue the uptrend. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
OANDA:XAGUSDLong
by azizelliott
1
ridethepig | Silver finding a floor?📍 Consider the following chart, which arose after the waterfall alerts triggered : As the main map, sellers now chose the ABC sequence, with profit taking already being done and sharp buyers also deciding to step in with an early attack. Continue looking to play longs to shake the reluctant sellers stops at the considered centre. It is no revolutionary idea, simply corresponding with the latest moves in Gold: Use 23.5x to build into, it does not look promising for sellers after the defence and their stops are clearly located at 26.0x and 28.9x. In other words: Buyers know their positioning is now weak and the base is secure. Of course other events can cause on base to appear softer than usual, so the transfer of newsflow around vaccines back towards a collapse in public sector confidence, is rather a natural weapon these days. As usual....Thanks for keeping the feedback coming 👍 or 👎
FOREXCOM:XAGUSDLong
by ridethepig
15
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
XAGUSD is facing bullish pressure, potential for further upside.Description: Price is facing bullish pressure from our pivot level and showing room for possible further bullish momentum. We see a medium probability bullish scenario above our pivot 23.8229, with 1st resistance at 25.0226 as a possible target. Failure to hold above pivot at 23.8229 would see price swing the other way towards 1st support at 23.5266. Pivot: 23.8229 Supporting Points: 23.6% Fibonacci retracement, Graphical swing low support, 100% Fibonacci extension 1st Support: 23.5266 Supporting Points: 38.2% Fibonacci retracement, Graphical overlap support 1st Resistance: 25.0226 Supporting Points: Graphical swing high resistance Trading FX & CFDs carries high risk.
SAXO:XAGUSDLong
by M4Academy
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
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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