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Xagusdshort

Silver- under 20 till year's end?Like gold, silver fell aggressively Monday after the vaccine was announced. The price stopped falling just under 24 and into the uptrend line support, recovered some of the losses after and now is consolidating. The chart structure is very bearish as long as the price stays under 25 and I expect it to break under support. Such a break could drastically accelerate losses and we can see Silver dropping under 20 figure. A sell trade with a SL above 25 could have a GREAT R:R of at least 1:5
OANDA:XAGUSDShort
by Mihai_Iacob
5
A Final Test?Hello everyone :) Since silver is actually a volatile instrument, it is not an instrument I frequently analyze. However, I wanted to share this analysis that I made on request. The parallel with the Gold analysis I shared the previous day is at a high level. When we look at it, it is very possible that a small impulse movement will come up to the place I have shown in the graph. Therefore, the stoploss point of sales to be made around 23.84 should be 25.75. 22.40 point is a good point to take profit. If you like my charts and want more analysis, I need your motivation. Support me please :) Don't forget to follow and like. Good luck :)
FX:XAGUSDShort
by Gamer_Trader
4
XAGUSD Major trend line was broken along with a DojiXAGUSD Has following the same path as GOLD as its got some rejection around 1.25560 a Bearish engulfing candle was formed and felled towards 23.879 a s the USD got some major BID in recent days. The major redline was broken on October 13 with strong bearish candle along with a doji candle. The price was bounced from 23.875 and approached towards 24.600 level which is a .618 Fibonacci level and in morning session even XAUUSD felled below the .786 Fibonacci level as its currently trading in a range we may expect downward play as The stimulus talks are getting weaker day by day which will strengthen the USD and in turn XAGUSD will fall. And the downside target would be 23.414 which is a 1.272 Fibonacci level 💌 Leave your valuable comments and suggestions related to this idea in the comment section. Thanks for your time. Good day guys 💝
OANDA:XAGUSDShort
by forexorbit
Silver Sets To Complete A Five-wave Impulse PatternKindly support this analysis with your likes and comments! The Silver 4 hourly chart reveals an incomplete Elliot Wave impulse sequence from wave (b) high on the chart. It's labeled i-ii-iii-iv-v. Wave iii is the longest wave and its sub-wave of wave iii is also visible. According to EW theory, once the corrective phase in wave iv is completed an impulse move will follow it in wave v . In Silver's case, the correction unfolded as a double zigzag and also terminated around 50% Fib level. Yesterday daily price action also close as a bearish engulfing bar. With all the confluence, we can expect Silver to head lower in the short-term. The setup will be considered invalid if the red line on the chart is breached. What's your view on Silver? Let me know in the comment! Good luck on the chart, Veejahbee.
OANDA:XAGUSDShort
by Veejahbee
2
Silver - At the request of the publicSilver is not an easy market. It depends of many factors. Precious metal so most of the time follows gold. Industrial metal so it follows stocks as well. And as most assets the dollar determines its movement. Right now I think the significant part of silver damage in this intermediate decline is done. The decline started at 30$ and it dropped down to 22$. It was nearly 27% move. If you take a look at the XAUXAG ratio: you will notice that not so much left for XAUXAG to tag the 200 SMA. I don't think it will go much higher than that level. It might or might not tag the 200 SMA. For an outperforming silver decline we need the XAUXAG ratio trending higher . If it's going sideways or drops gold's decline will outperform silver's decline. That's the reason I suggested to switch from silver shorts to gold shorts. I think the gold drop from this point will be more severe ... Even if silver's drop slows down I still think we are going to tag the 200 SMA in October. There is also a good chance that silver will backtest the breakout level at 18.7$. Watching the weekly charts the maximum where this retrace can go is the 100 and 200 SMA at 17$. I don't see any realistic chance that silver will go lower than 17$ . JPM likes to cause a flash-crash in silver before the bull trend continues. If you have a short position I would set a take profit between 17 and 18$. If an overnight crash is coming better to take profit with the banksters...
OANDA:XAGUSDShort
by chartwatchers
4