XAGUSD: Updated 'Time at Mode' Analysis
Updated
Silver has traced a bullish uptrend signal here, we're already long as per previous publications, and also long miners. We look for a rally to emerge from here and reach our target zone close to 19-20 in the coming weeks. If not long you may jump in now, risking a drop under 17.52 or 17.345. You can also add to longs as long as reaching a total risk of 1%-2% between all positions.
Good luck!
Ivan Labrie.
Good luck!
Ivan Labrie.
Note
Good progress, let's see if silver can break the resistance above.Note
We will trail stops up gradually, move all silver stops to 17.521.Note
Time at mode target in the daily was hit, we could see a retracement here, unless the rally really has legs. You can either trail stops up to entry, and close half/75%, or only move the stop up and wait for more upside.Note
If we get a dip you can add more longs with a tight stop. Keep an eye on it.Note
I'm booking longs here for now, taking my chances, if we get a dip I might buy again, for now I'm flat. Last: 18.48Trade closed manually
Note
It went to 18.72 after my exit at 18.48 but now is way lower.Ours was a safe exit in
XAGUSD We'll monitor the weekly close after this, and determine if we want to reenter or not.
It'll be really safe only once we break above the resistance above the recent highs with confidence.
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