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Xagusdlong

XAG BUY SETUPBased on year high and low, Ive worked out using GANN Square that XAG is rotating a full 270 deg from 17.220. To complete a 360 deg the price would have to fall to 15.947. I believe Silver is used to Cap the Gold market and as such there is lots of volatility. Here are three trades. Im interested to hear more from traders about XAG and GANN ! I have been a physical trader of Silver for 17yrs, I have only been trading prices for 18 months, my opinions are my own and I am here to learn as much as I can. Gl everyone. Buy 16.229 target 16.842 SL 16.135 Buy 16.088 Target 16.654 SL 15.993 Buy 15.946 Target 16.512 SL 15.852
FX_IDC:XAGUSDLong
by warrenhood
7
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 16.83 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where price might potentially drop to our major support at 16.33 (horizontal swing low support). Stochastic (55,5,3) is also testing our resistance and a reaction off this level might be a good precursor for a potential drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAGUSDShort
by Tickmill
Silver is approaching strong support, watch for a bounceXAGUSD is approaching strong support at 16.35 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could occur at this level to push price all the way up to our major resistance level at 16.78 once again. It’s important to note that we can see a short term descending resistance line which needs to be broken to open a bigger move up. Stochastic (34,5,3) is seeing strong support above 4.5% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAGUSDLong
by Tickmill
2
XAGUSD reversing nicely, watch for a further drop!XAGUSD is reversing nicely below major resistance at 16.80 (Fibonacci retracement, horizontal resistance area, Fibonacci extension) and a strong drop could occur from here pushing price down to 16.58 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing strong resistance at 92% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAGUSDShort
by Tickmill
XAGUSD testing resistance, potential for a drop!XAGUSD is testing its resistance at 16.949 (100% Fibonacci extension , 50% Fibonacci retracement , 61.8% Fibonacci retracement , horizontal swing high resistance) and could potentially fall to support area between 16.161 (L T 61.8% Fibonacci extension , 100% Fibonacci extension , swing low support) and 16.025 (61.8% Fibonacci extension , 78.6% Fibonacci retracement ). We have also identified a 2nd resistance at 17.101 (61.8% Fibonacci retracement , 76.4% Fibonacci retracement , horizontal pullback resistance). RSI (55, 5, 3) shows a descending resistance that price is approaching which could lead to a corresponding fall in price.
FX_IDC:XAGUSDShort
by ICmarkets
1
XAGUSD bounced off its support, potential to rise further XAGUSD has bounced nicely off its support at 16.161 (100% Fibonacci extension, swing low support) where there may be potential for it to rise further to its resistance at 16.976 (100% Fibonacci extension, 50% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal swing high resistance). We have also found a 2nd support at 16.038 (61.8% Fibonacci extension, 78.6% Fibonacci retracement). Stochastic (89, 5, 3) shows a corresponding bounce off its support at 2.71% where it has potential to rise to its resistance at 97.14%
FX_IDC:XAGUSDLong
by ICmarkets
Silver approaching major support, potential bounce!XAGUSD is approaching major support at 16.15 (Fibonacci extension, fibonacci retracement, horizontal overlap support) and a stronb bounce could occur at this level to push price up to 16.90 resistance (Fibonacci retracement, horizontal overlap resistance). We also notice that stochastic is bouncing really nicely with price at the 4.5% support level and we're fast approaching that level once again, which could lead to a corresponding bounce.
FX:XAGUSDLong
by ICmarkets
Silver testing major support, potential for a bounce!XAGUSD is testing major support at 16.36 (Fibonacci retracement, horizontal swing low support) and a potential bounce could occur at this level to push price up to 16.71 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). Stochastic (34,5,3) is also seeing major support above 4.3% where a corresponding bounce could occur to push price up. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAGUSDLong
by Tickmill