XAGUSD (LONG *UPDATE*) ENTRY SIGNAL: THANKSGIVING DAY-P *ACTIVE*Please defer to the related link publication below posted on Thanksgiving Day 11/24; here we are now (rather than update a publication over a month ago, I figured I'd update it with a new chart) & if I'm being completely honest; I'm only re-publishing this for gloating purposes cause WE HIT THE JACKPOT ON THIS CALL BABY.
I'll repost link for those of you who are too lazy to click on it.
Damn I knew I was good...I knew I had magic...but DING 60 (WoW reference) my crypt0w1z has capped at max lvl (ironically during a commodity pub) & now it's time to start collecting swathes of loot as this baby (blue) whale feasts on tons of krill each passing day until around Q2-Q3 2020 where I'll have the largest mammal to have ever existed in the history of mankind with veins so big that a 7" tall 220lb adult male could swim through them -- #Facts (incase you didn't know, the largest animal to have ever existed in the billions of years since Earth's crust formation, wasn't during the prehistoric or paleolithic era...but still exists today!)
The Blue Whale is not just the largest mammal on this Earth, it's the largest living sentient being to have ever existed in our current (known) universe.
This wiz has no intention of being a blue whale...i'm a goddamn wizard. My intent is summon an army of blue whales on that OGBUFFET status. Notice I said INTENT not GOAL or ASPIRATION.
Nike.
DISCLAIMER
NOT FINANCIAL ADVISE
Xagusdshort
ridethepig | XAG Market Commentary 2019.12.17Here we can see price risks are still skewed to the topside, with CB's buying Gold at a rate unseen since the Nixon era meaning Silver will continue to move as collateral. Prices have trended in the same direction over the past 4 waves, the market appears to be underpricing the odds of future demand risks as well as a meaningful pick-up in risk due to completions and geopolitics.
The long term XAUXAG chart still looks to have formed a meaningful top so I expect to see Silver outperform Gold in 2020.
Here I stick to the $17 - $18 range and expect the metal to hit main targets within a 3m basis. Thanks all for keeping the support coming with likes, comments, questions, charts and etc. As usual jump into the comments with your ideas and views to open the discussion for all!
Bearish Trend on Silver in Short-termThe Silver price is currently trading below the 21-day and 50-day SMAs. The Stochastic Oscillator period 14 is bellow 20 levels on the daily chart with the signal lines pointing down to indicate a sell signal. Also the bullish trend line has been broken and that in and of itself is not a good sign for the bulls.
The next week or two should be crucial and tell us where we are going longer-term.
Technically, Silver has been hovering around 16.90 since mid-November, but broke below this line on Friday, with sharp losses. Now the XAG/USD pair is expected to find support at 16.50, and a fall through could take it to the next support level of 16.20 (31st July low). We opened Short positions below 16.70 with first target at 16.20 & second TP at 16.00 in extension. Our SL is at 17.20.
The pair is expected to find its first resistance at $17.00. It’s very likely that this level will continue to cause resistance based upon the large, round, psychologically significant figure, and of course the inability to close above it for the last three weeks. As well, the 21-week SMA is showing resistance at 17.30 combined with middle line of Bollinger Bands on weekly chart.
XAGUSD: Drop Towrads $15.00?Hi Traders,
Price has just confirmed completion of the WXY zigazag with a bear impulsive move. This is just confirmation that we'll push towards $15.00, we don't yet have an entry to go short. A safe way to take short entries is to allow price to correct below the structure. Trade well and always apply risk management to protect you capital.
Regards,
Wave Theorist
XAGUSD MAY DUMP MORE FROM HERE.In the name of Allah, the Most Gracious, the Most Merciful.
SILVER MAY DUMP MORE.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
XAGUSD: Short Trade SetupLike Gold, Silver is still in the midst of a down trend. We've had a 3 wave pullback in the past couple of sessions and price seems to have setup for a short trade. There's always the possibility that this corrective structure may form into a double correction. Wait for clear confirmation before looking for any sell opportunities.
XAGUSD Silver Supply And Demand ZonesXAGUSD We have silver on a little consolidation zone after one of the biggest drops this year.....it seams like its maintaining under the fib 38.2% right on a demand Zone...we have some good volume on the bullish candles....what indicates me that the institutional traders probably getting ready to push the price up.... or maybe they just want us to believe that so we keep buying and they can take their profits....REMEMBER WE ARE ONLY GUEST ON THEIR GAME!!!!
ANALYSIS ON XAGUSD (Silverdusd)ANALYSIS ON XAGUSD (Silverdusd)
Welcome to my analysis
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30Min CHart
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Interesting Point of interest In the XAGUSD pair.
- Price below 100/200 day EMA.
- Buy reversal.
- Expecting more Upward momentum.
- Watch 17.07500 - 17.43000 for take profit.
- MACD showing bullish divergence
Stay Tuned
SILVER RETRACING BACKHello Traders ,
It does seems like we're making some sort of bear flag or a continuation pattern for sell. Selling the breakout wouldn't be a bad idea.
Go ahead and check the related ideas below mine and you'll find previous analysis on XAGUSD.
Good luck and trade with care.
1.50% RISK
XAGUSD Analysis: Sell ideaSilver is following a descending channel and just bounced from the channel resistance. The price also broke a support level and has retested it. I predict the price is highly likely to move further downwards.
Share your views of the pair in the comment section and like if you agree with the idea.
Watch out for the mentioned key level it could change everything Gold and silver prices are sharply lower in midday U.S. trading Monday. Gold notched a seven-week low and silver prices hit a five-week low. A strong U.S. dollar index that hit a new high for the year on Monday is credited with putting much of the downside pressure on the precious metals today. Better risk appetite in the market place early this week is also bearish for the safe-haven metals. December gold futures were last down $28.60 an ounce at 1,477.60. December Comex silver prices were last down $0.532 at $17.12 an ounce. Both markets were poised to close at technically bearish monthly low closes on this last day of the month.
There was less risk aversion in the marketplace Monday, following markets being roiled last Friday by reports the U.S. was considering limiting U.S. investors’ investment in China, including the U.S. stock exchanges de-listing Chinese companies. Weekend reports, including a statement from the U.S. Treasury Department, then said the Trump administration is not considering such moves.
Asian stock markets saw some selling pressure after the 17th weekend in a row of demonstrations in Hong Kong. This past weekend is being called the worst, with many arrests after protestors bombarded police with everything from bricks to firebombs.
China’s economy got some slightly upbeat news Monday, as the official manufacturing purchasing managers index rose to 49.8 in September from 49.5 in August. It was the fifth month in a row with a reading below 50.0, which suggests a contraction in the sector. The September PMI report did come in slightly above market expectations.
silver futures bulls have lost their overall near-term technical advantage. A four-month-old uptrend on the daily bar chart has been negated and a four-week-old downtrend is now in place. Silver bulls' next upside price breakout objective is closing prices above solid technical resistance at $18.0 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $17.00. First resistance is seen at $17.50 and then at today’s high of $17.66. Next support is seen at today’s low of $17.02 and then at $16.80.
Thank you for your patience and congratulations for the profitsAsset: XAGUSD ( SILVER )
Sell Stop Entry Price:19.00
Take Profit: 14.00
Stop Loss: 20.00(we will reduce the stop loss points once positions will be more favorable)
Capital risk:$2000
Potential Gain:$12000
Risk/Reward: 1:6
We are taking all the profit($2000) out of the table from our silver position however keep in mind we are still heavily bearish for the precious metal sector, and we would open more short position in silver once market will present us another opportunity, Be prepared