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Shortsilver

XAUUSD reverses to bearish bias SHORTXAUUSD on a 120-minute chart is showing moving averages slowly converging into deth crosses and the dual time frame RSI indicator of Chris Moody forecasted the move with bearish divergence starting March 8th. I have closed my long positions in gold and silver and crossed the aisle to take short positions . My target for XAUUSD is down to 2085 which is the middle of the Fibonacci level from the prior uptrend. A predictive model based on Gaussian regression lines by Luxalgo is showing a blue downtrending line for the remainder of the week with a potential hihg pivot from which to take the short entry tomorrow.
OANDA:XAUUSDShort
by AwesomeAvani
SPOT SILVER XAGISD Short Swing SetupOn the 15-minute chart spot silver in the past few days dropped from a triple top and then reversed in a Fib retracement. Since the price is now at the Fib 0.5 level and a MACD crossover above its histogram, the time is ripe for an end of the reversal and a new reversal to ensue with the stop loss above the Fib 0.5 level, the short trade entry is when the price drops below the POC of the volume profile of the past week ( horizontal black line) with a target at the pivot low of the previous downtrend. At the target price would either reverse again or break through the support and continue the downtrend. Overall, this is a projected 2.5 % over a couple of days. Overall, my trade idea is that spot silver will now drop to the bottom of the recent downtrend and then reverse forming a double bottom and strong support for an uptrend to exploit for another profitable trade.
OANDA:XAGUSDShort
by AwesomeAvani
ZSL SHORT SILVER with an INVERSE ETFZSL provides a short play on silver as an ETF using futures diversified for times to expiration. At present, it has a strong up and scores a 6/8 by the Mark Minervini criteria. A Doji candle a few days ago signaled the end of a brief pullback and so an entry point. XAGUSD as shown on the thick red line is trending downward. The RSI oscillator in conjunction with its IIchimoku Cloud shows strong RSI candles above the cloud. All in All, ZSL provides yet another way to play the weakness in silver similar to DUST for the spot gold price action .
AMEX:ZSLLong
by AwesomeAvani
XAGUSD SWING SHORTSpot Silver has been in a general downtrend albeit it with a short rally. On the weekly chart the context of the rise in the stochastic RSI to over 60 and the MACD approaching a K and D line touch as well as the print of a weekly candle as a red Doji after the recent federal minutes release and another federal calendar event on 8/22 I will take a short on spot silver. The stop loss will above the POC of the high volume area on the profile or $20.2 for a $0.4 less while the target will be just above the recent market low on July 11th at $18.15 ( green horizontal) for a profit of $1.65 per . This makes for a reward to risk of about 4.
OANDA:XAGUSDShort
by AwesomeAvani
SILVER XAGUSD SHORT SETUkist OANDA:XAGUSD Silver ran up hard to close the week. The 10R shows the supply and demand zones as well as RSI pivot and the volume profile. Essentially Friday afternoon's close forms a double top with the high from the previous morning generating a reversal pattern. I think Silver is due to correct and reverse. For the short setup, I will set a stop loss just above the recent high of Thursday morning while targetting just above the top of the support zone This offers a narrow stop and a high reward for the narrow risk. P lease comment offering your opinion. Thanks !
FXOPEN:XAGUSD
by AwesomeAvani
XAG/USD TECHNICAL ANALYSISOn the monthly and weekly analysis of silver, you can see the price has formed a double top pattern and broke the neckline. I expect the price to decline back to the area where covid started and that will be in confluence with the target of the double top pattern which is the 14.20 area unless any unpredictable events occur in the time being. This is a medium-term analysis so keep in mind prices can move up and down in the short term, rely on a lower time frame analysis for better entry prices.
OANDA:XAGUSDShort
by alicanuz
Silver needs more JUICEDefinetely everyone is waiting for a VERY STRONG LONG BREAKOUT for silver. And the key word here is: EVERYONE. We can be 80% sure, that silver will rally in the coming weeks/months. But what does a rally need? STRENGTH, ENERGY and MOMENTUM! That's what we still don't have. Silver simply can not perform a BREAKOUT with RSI being near 60-80 on every timeframe! So in my opinion we are going to touch the 16.9 level once again slowly. To gain strength for RSI. Even the Stochastic shows a coming SHORT. I think we can WIN more money on these small but more predictable moves, than on a breakout. TRADE SAFE! PLEASE SHARE YOUR OPINION! If don't agree, comment. If agree, like and follow for more, it is a nice feedback to me :)
FX:XAGUSDShort
by armand_forex