Xagusdlong
XAGUSD - 1D - LONGTREND ANALYSIS - 1D
There are two resistants that silver needs to escape.
The first one has been jumped over, next TP should be around 20 - 21 USD.
In case the candle is closed upper 19.5USD, second TP would be around 25 - 26 USD.
CANDLE ANALYSIS - 1D
3 bullish candles => it should be a strong indicator that we may do a long position.
🥈Silver (XAGUSD):Long-Term Elliott Waves●● Preferred count
● XAGUSD (SAXO) , 🕐TF: 1W
Fig.1
You can read a detailed commentary on the counting of the wave structure of long-term waves in the previous review . At the moment, long-term growth is expected to resume within wave Ⓒ of III , which has the right to take the form of an impulse or a ending diagonal .
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● XAGUSD (SAXO) , 🕐TF: 8h
Fig.2
It is assumed that the correction within the primary wave Ⓑ formed an expanded flat . I also want to draw attention to the formed pattern of technical analysis "Bullish Wolfe Wave". The model is indicated by two blue dotted lines, the upper line acts as a target for the expected upward wave.
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● XAGUSD (SAXO) , 🕐TF: 45min.
Fig. 3
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🕐TF: 8h
Fig.4
Locally, an alternative wave count suggests considering the probability of expanding the boundaries of the wave Ⓐ , complicating its structure to a diagonal consisting of zigzags. The markup is somewhat more harmonious, but has a number of controversial sections, for example, in the triangle X , in my subjective opinion, two subwaves are multiple zigzags , which is prohibited by the rules.
Anyway, the double zigzag in wave (2) is most likely completed. An upward wave is expected, based on the depth and structure of which we will distribute the options.
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●● Alternative count
● XAGUSD (OANDA) , 🕐TF: 1W
Fig.5
The globally alternative count, within which a large triangle (IV) is formed (more details here ), along with the local alternative, suggests the development of an ascending diagonal, but in this context - as the final wave (C) of Ⓑ .
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The Silver BulletSilver - Intraday - We look to Buy at 20.09 (stop at 19.92)
Preferred trade is to sell into rallies. There is scope for mild selling at the open but losses should be limited. Daily signals are mildly bullish. Further upside is expected although we prefer to set longs at our bespoke support levels at 20.10, resulting in improved risk/reward.
Our profit targets will be 20.58 and 21.20
Resistance: 20.83 / 21.50 / 26.00
Support: 20.40 / 20.10 / 18.93
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Jamie Gun2Head Trade - Buying Silver Trade Idea: Buying Silver
Reasoning: Bullish price action on the intraday, corrective move lower, looking for gains to be extended today
Entry Level: 20.40
Take Profit Level: 20.89
Stop Loss: 20.24
Risk/Reward: 3.06:1
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XAGUSD Short Tram BUY signal....NOW
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xagusdSPDR Gold Trust was buying gold and silver last week per ton, in these moods in the markets it makes total sense, global growth expectations will not be accomplished. credit debt everywhere, UKRRUS output ant clear yet a couple of countries in middle east expected to bankruptcy Egypt and Sudan or give more sovereign concessions.
it's easy to be optimistic or pessimistic whatever you pick there will be an article somewhere to make you feel good, smart ready to jump in so we have always to calm down do the math be prepared for both scenarios gain and lose
so we live to fight another day,
Silver forecast 19 MaySilver is making inverse head and solder pattern, which is bullish pattern. Also silver is trading in oversold zone from some days which is another confirmation to long.
Take long entry only after retesting the strong resistance of 22 which is also the neckline of the pattern.