Xagusdlong
💡SILVER (XAGUSD) - Weekly Technical Analysis Update
Midterm forecast:
25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 25.75 is broken.
Technical analysis:
A peak is formed in daily chart at 28.75 on 05 /18/2021, so more losses to support(s) 26.60 and minimum to Major Support (25.75) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 58.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
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XAGUSD possilbe target 29.30-40#xagusd, silver forming higher high and higher low weekly and monthly charts. 27.45-30 highly demand zone for buy. target 29.30-40. stop loss below 27.20.
Silver bullish overall.For this week, I am anticipating a retracement on silver to around the 38.2/50% fibonacci levels before seeing a push upwards around midweek.
Silver Silver, after a decade long fall, has entered a positive momentum and now offers a high risk-return trade-off.
Correcting the price of silver for the quantity of money, we can notice that, according to this measure, the last silver peak of 2011 would now be equal to roughly $100.
While this does not indicate whether silver should reach $100 over the medium term, it for sure highlights the potential of silver and silver miners.
#XAG/USD # Wait for retest and long around 26-26.5On 7th of MAy 2021, as we can see on daily chart, Silver have broke out of down trend line and build up Squeezing broke out 26.5
Trading plan; Wait for retest at 26.5 where previous resistance turn into support, Target TP 1 at $28 , TP2 at $29
XAGUSD ... weekly
___________
On the week’s chart, it has crossed an ascending triangle.
At 4h it enters a bullish price channel.
_______
= Only buy to 27.782 - 28.367 - 29.303 - 30.239.
= Failed to buy, breaking 27.051.
________
Personal opinion buy
XAGUSD Silver support heldSilver stayed above the bottom of the cloud and has returned to the upward channel after a quick drop. This looks to be heading up and it could happen very quickly.
Not trading avice.
$XAGUSD - Breakout from an ending diagonal
Hi guys! 👋🏻
🔔 There is a very small gap in CFTC long and short net positions, long positions are increasing, non-reported net positions have 2x more long positions than short.
🔔 Covid19 new waves might support the new bullish for Silver and Gold.
🔔 Both metals tested their respective major support zones and Silver just broke out from the Ending Diagonal. Fear of inflation, fear of Covid19 spreading = hedging. Most known heding assets for long time are gold and silver.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Silver-Long, Break of NecklineI started with some July Calls as I anticipate a break above neckline..
ABCDE Silver RocketOne of my favourite pattern formations
ABCDE symmetrical corrective triangle in a bull trend
targets based on Fibonacci extension
personally I am hoping to see the 25.390 fib support hold, or slightly higher based on one of my previous charts
Don't trade my charts, they're just drawings
Universal patterns are universal
XAGUSD RocketManChart is looking extremely bull for Silver price
Bull signals:
1 - a Major trend line shown by dotted white line has been played and respected since 2 March 2020 and we have broken back above it after a test low dip on 30 March 2021
2 - Double bottom at what has turned out to be a major support zone for silver which is at the 0.382 Fibonacci retracement zone from the swing low at march 2020 and the swing high at august 2020. Great support here, low not been seen since
3 - W pattern formed (one of my favourite - so simple and effective) right at the double bottom 0.382 which was a key indicator for the continued rise for silver which has now found the neck line at 25.487 (0.236 fib retracement)
4 - We are above 50,100 & 200 MA and SMMA lines which is an amazing bull sign, the recent break above the 50Ma is a lovely end of week close for Silver
5 - the end of week close was also sat right above the white dotted line from the August 2020 high which marks out the upper side of the descending triangle that has been formed since the last high. What we are seeing now is a possible break out north, big potential for silver to test recent high at 30 and above
As well as this the current Silver physical demand is through the roof and I do not believe that the current price at 25 reflects this.
My trading ideas are not gospel, I just like the numbers and patterns
Universal patterns are universal
Trade idea for Silver XAG/USDWhen we have a look at the chart we can see that Silver has been struggling to go below the 23.7 level for a while now. So this is the reason why I would consider to go long on it for now.
The thing that we need to keep in mind is that there are a lot of people going long on Silver at the moment so we need to make sure that out SL is low enough so that we don't get stopped out when there is some SL hunting going on.
If you like the idea don't forget to give it a like than
Feel free to share your idea for Silver in the comments below
If you have any questions, feel free to PM me.
XAGUSD (SILVER).......BUY...BUY
💹XAGUSD(SILVER) ⏬BUY @ 25.2655
✅TP-1# 25.5675
✅TP-2# 25.8341
⛔️SL 24.5654
N.B-Silver create Bearish butterfly pattern.If have small
balance plz avoid Silver trade now.Because highly volatile.
📊 Trade Accuracy 80% 📊
📊 Follow Proper M.M & Use S.L 📊
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Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions.
THANK YOU
Loading Up HereMeasured move from previous impulse uptrend. White is add/support spots. Not financial advice. Keep stacking!
XAGUSD 4h scenarioon silver we saw a bullish move that i forcasted from 23.800 and now it may continue this move to 25.4
and with a correction to 24.8 we will see another bullish move to 26.5 target.good luck have risk management
Silver is about to popHi friends,
Falling wedge pattern on the daily chart of silver, bullish divergence on macd.
Silver is about to pop :)
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SILVER long position projection 15 and 1 min chart projecting a flag for a buy we need the retest to flag
