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Xagusdlong

XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 14.39 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 13.67 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Stochastic (21,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX_IDC:XAGUSDShort
by Tickmill
Part 8 - Risk-off August - XAG/USD DailyXAG/USD – Daily Resistance & Support: Resistance: 15.70 / 16.00 / 16.75 / 17.75 / 19.00 / 20.00 / 21.00 / 22.00 Support: 15.00 / 14.75 / 14.35 XAG/USD – Summary: Expected to commence a Bullish Corrective Structure in a three-swings sequence at or around the 15.00 Levels and possibly retest the 16.00 – 16.75 vibration zone. Bearish Impulse expected around the 16.00 – 16.75 vibration zone. If all scenarios would turn out to unfold as expected and Silver would retest the 14.35 levels, then that specific area could be seen by bulls as an opportunity for longs, which could even reach the 21.00 levels in an Impulse.
OANDA:XAGUSD
by Lionheart-EWA
XAG BUY SETUPBased on year high and low, Ive worked out using GANN Square that XAG is rotating a full 270 deg from 17.220. To complete a 360 deg the price would have to fall to 15.947. I believe Silver is used to Cap the Gold market and as such there is lots of volatility. Here are three trades. Im interested to hear more from traders about XAG and GANN ! I have been a physical trader of Silver for 17yrs, I have only been trading prices for 18 months, my opinions are my own and I am here to learn as much as I can. Gl everyone. Buy 16.229 target 16.842 SL 16.135 Buy 16.088 Target 16.654 SL 15.993 Buy 15.946 Target 16.512 SL 15.852
FX_IDC:XAGUSDLong
by warrenhood
7
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 16.83 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where price might potentially drop to our major support at 16.33 (horizontal swing low support). Stochastic (55,5,3) is also testing our resistance and a reaction off this level might be a good precursor for a potential drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAGUSDShort
by Tickmill
Silver is approaching strong support, watch for a bounceXAGUSD is approaching strong support at 16.35 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could occur at this level to push price all the way up to our major resistance level at 16.78 once again. It’s important to note that we can see a short term descending resistance line which needs to be broken to open a bigger move up. Stochastic (34,5,3) is seeing strong support above 4.5% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAGUSDLong
by Tickmill
2