XAG/USD..4H chart pattern..XAG/USD short (sell) trade setup:
🔻 Trade Setup (Short XAG/USD)
Sell Entry: 34.500
Resistance: 34.800 (key level – invalidation zone)
Targets:
Target 1: 32.800 (+1.70 points)
Target 2: 32.000 (+2.50 points)
📊 Risk and Reward Estimation
Let’s assume your stop loss is just above resistance, e.g.
About Silver / U.S. Dollar
Silver Prices have been followed for centuries. Silver (XAG) is a precious metal used in jewelry, silverware, electronics, and currency. Silver prices are widely followed in financial markets around the world. Silver has been traded for thousands of years and was once used for currency backing. Silver continues to be one of the most commonly traded commodities today. Silver prices are highly volatile due to speculation and supply and demand. Ag is the chemical symbol for silver on the periodic table of elements and its ISO currency symbol is XAG.
SILVER TO 40$ HELLO TRADERS
As i can see Silver is still trading inside a upward channel and did not created any big moves like Gold and its under value i am expected a boost from this zone to 40 $ incoming days if it did notr break the channel friends its just a trade idea share ur thoughts with us we love ur co
The What vs. The Where - A 2nd Breakout Pattern After A Nice WinA few days ago we looked at a bullish breakout opportunity on Silver and it played out perfectly. After a lovely move to the upside, price has started to consolidate again providing us with a very similar setup.
HOWEVER, just as in the case of the first, we need to be aware that once again the WHAT
XAGUSD(SILVER):To $60 the silver is new gold, most undervaluedSilver has shown remarkable bullish behaviour and momentum, in contrast to gold’s recent decline. Despite recent news, silver remains bullish and unaffected by these developments. We anticipate that silver will reach a record high by the end of the year, potentially reaching $60.
There are compelli
Silver is in the Bearish trend after testing ResistanceHello Traders
In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET
today XAGUSD analysis 👆
🟢This Chart includes_ (XAGUSD market update)
🟢What is The Next Opportunity on XAGUSD Market
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Silver Price Hits Year-to-Date HighSilver Price Hits Year-to-Date High
As shown on the XAG/USD chart, silver prices rose on Monday, surpassing the previous high of the year, which was set on 28th March at around $33.50 per ounce.
Why Is Silver Rising?
A bullish driver came from statements made by the White House. According to me
Small Clues In A Big Breakout PatternSilver has been consolidating as of late and if there's one thing we no about contraction is that it eventually leads to expansion aka a breakout.
The issue with this particular setup is that based on location of the pattern, there's no predetermined directional bias for the breakout.
Therefor,
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Displays a symbol's price movements over previous years to identify recurring trends.