Xagusdlong
xagusdSPDR Gold Trust was buying gold and silver last week per ton, in these moods in the markets it makes total sense, global growth expectations will not be accomplished. credit debt everywhere, UKRRUS output ant clear yet a couple of countries in middle east expected to bankruptcy Egypt and Sudan or give more sovereign concessions.
it's easy to be optimistic or pessimistic whatever you pick there will be an article somewhere to make you feel good, smart ready to jump in so we have always to calm down do the math be prepared for both scenarios gain and lose
so we live to fight another day,
Silver forecast 19 MaySilver is making inverse head and solder pattern, which is bullish pattern. Also silver is trading in oversold zone from some days which is another confirmation to long.
Take long entry only after retesting the strong resistance of 22 which is also the neckline of the pattern.
Silver- False break of support?Since August last year, Silver is trading, more or less, in a range and, excepting, March and April's false break of resistance, the boundaries are pretty clear at 22 and 25.
Last week the price has broken under 22 support, but, considering the quick reversal and retest of now resistance, this can be a false break.
The confirmation comes with the price back above 22 and bulls can target 24 resistance. 23.30 is interim resistance and, as long as the recent low is in place, buy dips can be a good strategy.
Tue 17th May 2022 XAG/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAG/USD (Silver) Buy. Enjoy the day all. Cheers. Jim
Silver could reverse from supportSince the 18th Aprile Silver's price has dropped almost in a straight line with a single significant green candle on the 4th of May.
Now the price is trading in the important 22 support zone and we can have a reversal at this point
The first resistance is just above 23 followed by important 24.
Buy dips under 22 can be a good strategy with negation if support falls.
XAGUSD | 022DISCLAIMER
Hi Traders, this is just my ANALYSIS and I am not sure of what I am doing so PLEASE BE RESPONSIBLE with your own Trades. I am still a newbie, still learning and not profitable yet. Thank you!
Reason:
• I placed a Short Position because based on my Analysis the EUR will Dropdown (Waterfall) to Demand Zone before it will Reverse
• Also the Price on the HTF the Price will pullback at 50% Swing High before it Massively going down
- TMM
💡Don't miss the great buy opportunity in XAGUSD (SILVER)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (22.64).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAGUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 23.20
TP2= @ 23.56
TP3= @ 23.91
TP4= @ 24.52
TP5= @ 25.03
SL= Break below S2
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💡Don't miss the great buy opportunity in XAGUSD (SILVER)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (22.64).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAGUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 23.20
TP2= @ 23.56
TP3= @ 23.91
TP4= @ 24.52
TP5= @ 25.03
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
XAGUSD Silver : The bull run of the century? 26.4Hey guys!
I'm covering what could be the biggest potential precious metal for the coming year
In the video you can expect to learn about the big picture chart pattern and shorter-term expectations with practical ideas to take advantage of it.
Inflation is on the loose with probably the worst it's ever been in modern history and Silver is a natural hedge to that.
Of course trade safe and responsible while doing your own research.
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If you liked my idea please like and follow - It would mean the world to me :)
I'm available for any questions and promise to answer all comments.
My goal is to help as many traders as I can!
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XAGUSD - SILVER - LOOKING FOR THE LONGWe're looking for the LONG in SILVER - XAGUSD
We have hit the 618 retracement of the previous swing ( 15.12.2021 - 08.03.2022)
We are approaching a 1.272 extension of the last minor swing (28.03.2022-08.04.2022)
There is a buying tail now except we have no real evidence of buyers yet.
We could see further decline to 707 or 786. The 786 happens to match up with the 1.618 ext. This would be a great buying area.
Keep your eye on this one...
XAG/SILVER SHORTS 📉📉📉📉 Expecting bearish price action on XAG/SILVER as price filled the H4 imbalnce + rejection on the bearish orderblock area on the H4. Price also takes out buy side liquidity above the old high + weekly highs and from there we can expect a selloff on this chart right into the weekly lows 24.18
What do you think ? Comment below..