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#silver#commodities

Silver up to aprox 3 month long position 1.618 times the length of wave (1) added to the end of wave (2) is my target. Stop loss is 1 tick below the low of wave (1). This is a great investment opportunity to add to your medium term portfolio. Very little risk and huge gain potential, just how I like it! Disclaimer: Ido not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of reading any of my publications. You acknowledge that you use the information I provide at your own risk.
TVC:SILVERLong
by TradewithLu
SILVER - Descending triangle and possible HSGood evening traders, Straight to the point for XAGUSD / silver Weekly (left) we have a big descending triangle since beggining 2016 (3 years already), we have a downtrend confirmed by multiple touches and a huge support on 13.85 that has not broken so far. Now, on DAILY chart (right) we have a POSSIBLE hs formation that has his neckline yet to be broken. Now, why do i have my doubts about this HS? Because a HS formation is a ONLY REVERSION pattern and....Silver was in an uptrend on daily chart? Well, yes..at least since NOV/18, anyway its not a HUGE uptrend and for that i dont fully trust this HS. H4 (bottom) chart we have a confirmed downtrend but RSI is almost oversold and therefore its a good idea to wait another downtrend re-test. For anyone willing to sell i'd close all position on main support since there is too much buying pressure there, anyway lets keep an eye ;) This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
FX:XAGUSDShort
by MarcelMartins
Silver - New Downtrend The price dropped below the cloud and broke the uptrend line. From this moment we should consider the market as a bearish one. If the price bounces from Tenkan and Kijun lines and breaks the local support at 15.00 level, a new downtrend will be confirmed. The market will be able to reach 14.00 level which acts as a strong support zone now. DMI is bearish with ADX line moving upward. It gives a signal that bears become stronger and they will have the power to push the market lower. RSI is far from the oversold zone and it tells us that the market has the space for the falling. Short trades can be opened based on the daily and hourly timeframes.
OANDA:XAGUSDShort
by DLavrov
Silver - The Key Levels for Trading The market formed a new swing low higher than the previous one when the price bounced from 15.00 support level. For confirmation an uptrend, the price will have to break the downtrend line and the local swing high at 15.50 level. It will give a new swing high and confirmation of the uptrend. We will be able to open buy trades based on this breakout signal or reversals from the uptrend line. Buy positions will be opened in the direction of the main market movement from the daily timeframe. For confirmation the further downward movement, the price will have to bounce from the resistance zone formed by SMA100 and the downtrend line. The breakout below the local uptrend line and 15.20 support level will confirm the falling. It will be a new sell opportunity with profit targets at the support levels. As SMA100 from the daily timeframe is not far from the possible level of breakout, sell trades will have limited space for the downward movement and they will be against the main trend. As a result, it will be better to use lower timeframes for opening sell trades for short term trading.
OANDA:XAGUSD
by DLavrov
The enduring appeal of Silver and GoldGold and Silver, Daily & H4 Gold Futures soared to fresh eight-month highs of 1,323.00 from near $1,308, after the dovish FOMC statement, which removed the reference to further gradual rate increases, resulting in a fresh round of risk-on, and a lower Dollar and Treasury yields. Today marks the fourth straight day of higher daily highs, following the January 18, which provided a Golden Cross as the 50 day moving average moved north of the 200 day moving average (2), while on Friday it broke and breached the key psychological 1,300.00 level. www.screencast.com Technically, Gold, is in a strong uptrend and has rallied significantly from the mid of November lows at 1,195.00. The RSI at 74 suggests a possible overbought outlook but the trend remains strong with immediate Support at 1,309.00 (yesterday’s low) and next Support at 1,300.00. MACD oscillator repossess upside momentum by extending above its trigger line. Immediate Resistance comes at 1,326.30, the May 11, 2018 high. Further rally above this barrier could reach 1,345.00 level ( First Resistance during the Q1 2018). The mark of a hummingbird by Bollinger bands pattern, which indicates a bearish signal in the daily chart, could signal some weakness in the near term. www.screencast.com A similar spike has been seen on Silver as well, which ticked up overnight slightly above the $16.00 key level, which acted as a strong Support level in the first half of 2018. From the technical perspective, Silver recovered more than 60% of the losses seen last year, following a strong movement since the mid of December. It is currently trading decisively above 20- and 50-week SMA, outside the weekly and daily upper Bollinger Bands pattern though, something that implies to an overextended move with possible downside correction in the near future. Meanwhile, RSI (14-day) at 72 and MACD lines are accelerating higher, suggesting that despite the possibility of downside corrections in the near future, in the bigger picture positive momentum has been refreshed. Hence overall bulls are expected to take benefit from any swings lower, in order to boost the asset price further to the upside. hence a decisive break of 16.00 level could open the doors to the 76.4% Fib. level from June’s peak, at 16.50. On the breach of this area, the pair could find the next real Resistance at 17.24 hurdle. In case of short term corrections to the downside, immediate Support stands at 20-day MA and 50% Fib. level at around 15.50-15.60. www.screencast.com Come join us today at Hotforex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
FX_IDC:XAGUSDLong
by HotForex
Silver | Cyclical Bear Market for 2019Silver may push off resistance around $15.60 back into consolidation with support at $13.65. If support is breached on the weekly timeframe, this market may finally capitulate with a target of $10.35. Remember, this market has been in a cyclical bear since 2013 on the weekly and lower, and the EMA50 may cross below the EMA200 this year on the monthly: ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
FX:XAGUSDShort
by Trader6127