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Xagusdlong

Silver- Eyes on 30Just like Gold, Silver also had a good start of the year with price breaking above pennant resistance and confirming its strong bullish trend. As it was normal, 27.50 offered resistance and I believe this is just a pit stop in this uptrend Yesterday Silver confirmed 26.80 as new support and I expect an acceleration to the upside once 27.50 is cleared For this outlook to stay valid the price needs to stay above 26.50 and, as the title says, my medium-term target is 30
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by Mihai_Iacob
3
Silver- 30usd in January?As I said before, in a bullish scenario, in my opinion, Silver has more to gain than Gold. And as we can see from the chart, XagUsd has spent the last part of December above important horizontal support from 25 and also above the descending trend line. giving us a clear bullish bias. Last days of 2020 the price of Siver consolidated and formed a pennant which also gives us reasons to be bullish and hopes for a continuation to the upside. My strategy is to buy dips around 26 and only a daily close under 25 would change my bullish outlook
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by Mihai_Iacob
3
Silver- 28 next?As usual, Silver is more volatile than Gold, and yesterday's 500 daily range on XauUsd translated in more than 2500 pips volatility for Silver. But, also here, nothing is changed from a medium-term perspective. The drop from 27.40, although very violent, is nothing more than confirmation for 25 as strong support. At the time of writing Silver is trading stable above 26 resistance and I expect the bull run to continue towards 28. On the short term, dips should be bought and the bullish scenario remains intact as long as we don't have a daily close under 25
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by Mihai_Iacob
1
Silver- Best place to buy itAs I said in my previous analysis, in a bullish scenario ( which I definitely expect ), Silver has more to gain than Gold. ... Last week Silver was on the run, same as Gold, but, as usual, things are more clear here from the technical point of view. On Tuesday XagUsd broke above 2 important resistances, the descending trend line resistance and the horizontal and psychological 25 figure. After reaching my short term target at 26, on Friday, we have consolidation and a slightly corrective move. I expect the price to continue up and gains to accelerate after 26 breaks and, more important, I expect Silver to reach 30 in the first trimester of 2021. 25.50 followed by 25 could be a great place for bulls to enter trades and only a break back under 23.50 would delay this scenario.
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by Mihai_Iacob
6
SILVER XAGUSD - To The Moon? Watch To See..Silver XAGUSD has been a very profitable trade for us within the month of December where we forecasted a big rally on the back of more stimulus, annual inflation and seasonality. In terms of Silver we have to be extremely careful in our trading and "scale in" instead of going "all in", for next week we are aiming for a quick take profit level of 26.22 and we will either add more orders or protect our positions based on the reaction of the market off that level. Silver can be extremely profitable for you, but you need an approach to trading that combines data + key levels to be consistently profitable. If you are finding yourself losing money trading, make sure to give us a like and follow to keep learning the best strategies for profitable trading.
OANDA:XAGUSDLong
by nassimettaki
$XAGUSD - Inverted H&S and important breakoutHi guys! 👋🏻 🔔 Silver confirmed an important brekout from the descending channel. 🔔 A pattern to watch here is - Inverted Head and Shoulders 🔔 Biden will push the stimulus bill as Covid cases in the US hit new record highs. It's time for gold and silver to shine again. 🔔 Currently, silver is testing the neckline, might retrace a bit and later continue the uptrend. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
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by azizelliott
1
ridethepig | Silver finding a floor?📍 Consider the following chart, which arose after the waterfall alerts triggered : As the main map, sellers now chose the ABC sequence, with profit taking already being done and sharp buyers also deciding to step in with an early attack. Continue looking to play longs to shake the reluctant sellers stops at the considered centre. It is no revolutionary idea, simply corresponding with the latest moves in Gold: Use 23.5x to build into, it does not look promising for sellers after the defence and their stops are clearly located at 26.0x and 28.9x. In other words: Buyers know their positioning is now weak and the base is secure. Of course other events can cause on base to appear softer than usual, so the transfer of newsflow around vaccines back towards a collapse in public sector confidence, is rather a natural weapon these days. As usual....Thanks for keeping the feedback coming 👍 or 👎
FOREXCOM:XAGUSDLong
by ridethepig
15
Silver - Continuation @ridethepig Silver Market Commentary 16.12.2020 => It was no struggle for buyers to take out the diagonal resistance. Then, what comes next is a paralysing advance. Should some sellers wish to continue holding once the initial targets are hit then we can see capitulation. This is a typical continuation flow with Fed which can be played here. The bid will advance from here and cannot be prevented in the short-term. This will now move with Gold and show bare the base of the retracement. The correct manoeuvre here consists of holding and working longs, enough to allow 26.0x (+10%) and 28.9x (+23%) above. Swing the bat and go massive when the positions starts working. Thanks as usual for keeping the feedback coming 👍 or 👎
FOREXCOM:XAGUSDLong
by ridethepig
2