🥈SILVER vs EURO💶XAGEUR broke down the bear flag few days ago and is dropping hard since. Recently bouced off the range lower edge support - which IF broken, I expect further fall down to bear flag target @ 16.52. Stackers, don't be sad, you can buy more cheaper!
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
J-XAG
SILVER Short From Resistance! Sell!
Hello,Traders!
SILVER is making a bullish correction
While still trading in a downtrend
And after the price retests
The wide horizontal resistance above
A pullback will be expected
Sell!
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Forecast XAGUSD⚙️In the forecast a month ago, a medium-term loy was determined. However, now the price has not sent to a rapid inertial growth towards the designated targets, but is stuck in a triangle of corners.
⚙️The price has been testing EMA-50 from below three times in the last 2 months, and so far cannot break through it.
The factors described above force us to consider the second downward scenario to levels ~12.4
Obviously, soon we will see a way out of the triangle marked with red lines. This will make it more likely to make the right choice in short / long.
$XAG - What's next?$XAG - What's next?
Pattern: C&H - Pennant
A break above or below either direction, we got intervening happening with BOJ - excellent pattern was in play there as well, silver is brewing with Aussie pulling back due to dxy pulling back as well. Keep an eye across the board! HT: Weekly & Daily will be very key!
All the best,
Trade Journal
SILVER on a symmetrical triangle? 🦐XAGUSD on the 4h chart is trading between 2 converging trandline.
The Symmetrical triangle pattern in a continuation figure and if the price will break above we can expect more bullish pressure to the upside.
Today is a news day so be safe and trade wisely
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Silver in inverted head and shoulders.Silver - Intraday - We look to Buy a break of 19.67 (stop at 19.57)
A bullish reverse Head and Shoulders is forming.
Previous resistance located at 19.65. A break of bespoke resistance at 19.50, and the move higher is already underway.
There is scope for mild selling at the open but losses should be limited.
Our profit targets will be 19.94 and 20.20
Resistance: 19.65 / 20.00 / 20.20
Support: 19.20 / 19.00 / 18.60
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
SILVER SHORT TERM BULLISH OUTLOOKThe price of the precious metal rose today, recovering from previous losses. But it still keeps raging, expecting the Fed interest rate decision.
Technical indicators are suggesting entering into long position, MACD histogram is above 0 line and RSI is above the neutral 50 line, which might provide a speculative short term opportunity for traders to get advantage of.
In this scenario the price of the instrument might test the levels of 20 dollars, on the other hand, if the trend reverses, the price might reach its previous support level at 18.75
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XAGUSD Silver Next Possible MoveTechnical Analysis Chart Update
XAG / USD ( Silver / U.S Dollar )
Time Frame - M45
BULLISH CHANNEL in Long Time Frame #LTF - H4
In Short Time Frame #STF we have -
HEAD AND SHOULDER : Rejecting Bearish trend from the Right shoulder if it Rejects then Buy
LEADING DIAGONAL : Completed " ABC " wave
ELLIOT WAVES : " 12345 " Impulsive waves completed and now making its " C " corrective wave
#RSI Buying Divergence
Preferred trade is to sell into rallies on SilverSilver - Intraday - We look to Sell at 18.40 (stop at 18.69)
Preferred trade is to sell into rallies. The bias is still for lower levels and we look for any gains to be limited. News events could adversely affect the short term technical picture. We can see no technical reason for a change of trend.
Our profit targets will be 17.57 and 17.10
Resistance: 18.90 / 19.20 / 19.40
Support: 17.55 / 16.56 / 14.40
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
SILVER Breakout Short! Sell!
Hello,Traders!
SILVER is trading in a mid-term downtrend
And the price broke the key support level
Which has turned into a resistance level now
So we are bearish biased on Silver
And we will be expecting bearish continuation
After the retest of the supply level above
Sell!
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RLinda ! GOLD -> Global market is Bearish GOLD is still under the pressure of the bear market. On the local chart the situation was interesting with the development of bullish preconditions, but unfortunately the world market is not going to recover yet.
On the chart, I marked a price channel, the price tested the resistance and started to form a pullback and movement in the phase of the fourth wave. The movement of the waves is about the same distance, so you can probably assume the medium-term target for the price is the lower boundary of the expected end of the wave.
I assume that the fall will continue, the movement has just begun and it is worth to focus on the strong zones and strong resistance levels, to enter the market by trend.
Regards R. Linda!
RLinda ! GOLD -> Review for the new weekGOLD: As we can see on the chart, the gold was able to change the global bearish trend and on the retest (price pullback) we saw confirmation of the upward price channel.
On Friday the price was able to make a false break of the support zone at the close, after which the price returns to the channel and closes above the trend line.
I assume that if the situation since the opening of the trading session persists and the gold manages to stay above the support zone, we will have a huge upside potential. Short-term target - resistance 1752, medium-term target - resistance 1784.
Sincerely R.Linda!