SILVER, Meets a strong rejection of Price, LongSILVER, Meets a strong rejection of Price and Price action tells furthermore!
Silvercharts
AGQ - Lose a thousand or make a million🍒💰My favorite ETF to buy.
Why buy Gold at almost record all time highs?
Why trade Silver futures with a high leverage that can bit me in the ass in a single day?
I prefer to buy the ETF and trade it like a share✔️, thus no expiry on a CFD✔️, no huge leverage✔️, no expiry means i do the broker no favors✔️
For this trade alone I have an account on a broker just for this one, yes only this trade. I deposited an amount I can lose without crying and I do 2 things:
I buy it and I compound the profits.
If Silver goes to 50 again then this should go to 700s again like it did 10 years ago.
If that happens, the broker will be in pain. My favorite people to hurt (financially) is the brokers.. as you all they can afford it.
Risk to reward with a leverage of 5 and compounding is 300 to 1. I take this trade 20 times if I have to (this is actually attempt number 3😉)
Silver Chart- not as clear as GoldUnlike Gold, Silver chart looks quite different.
Despite the fact that it did rebound of the support, the price is probable to drop to 20usd before rebounding. This makes us prefer Gold at this stage. Yes, they do rise or drop together.
We prefer to buy AGQ (ETF ProShares Ultra Silver). Trades like a share, no expiry, more controllable.
Silver Bullish scenario, wave 3 in preparation 238$Silver is gaining momentum in bullish territory on the monthly chart.
All MA's are now acting in support which is really good. VWAP is also under which give great push on the upside.
Here are some projection for next Grand Cycle Wave 3
Based on last intermediate wave 2, the intermediate wave 3 can reach :
161.8% - 86.688$
261.8% - 133.092$ (my favorite choice)
361.8% - 179.496$
The Big view can bottom of Grand Cycle Wave 2 give us a clear path for W3 to :
161.8% - 86.688$
261.8% - 129.64$
361,8% - 178.288$
461,8% - 226.612$
Some upside strong indicators :
-Bullish Monthly KDJ
-Monthly RSI in bulls control
-5M chart bullish Stoch Rsi
-5M bullsih KDJ
-5M Bullish RSI
-Everything look good on daily, weekly chart-
-Weekly MACD gaining momentum
-Daily MACD Bullish-
-Pretty strong momentum Monthly MACD
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Silver - interesting entry Preconditions:
- global uptrend
- local uptrend
- large accumulation at the bottom, shows the big player who buys on the cheap silver..
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Lost Money On Silver XAGUSD? Watch This Video To Learn Why!XAGUSD Silver has been a very profitable trade for us at the Sunday open, everything that we have detailed in our previous Silver XAGUSD analysis has unfolded to a T.
As I mentioned on the video, I was going to post a link for our other social media but just noticed that it violates the house rules, so I won't post any link here. Make sure you like & follow to never miss any other tutorial or forecast.
Here's the link to the previous analysis:
SILVER: HERE ARE THE LEVELSSilver has broken out and one could consider entering a long trade now or on a retest of the breakout point.
Fib extensions on the chart.
Both fundamentals and technicals are supporting the trade.
SILVER XAGUSD - To The Moon? Watch To See..Silver XAGUSD has been a very profitable trade for us within the month of December where we forecasted a big rally on the back of more stimulus, annual inflation and seasonality.
In terms of Silver we have to be extremely careful in our trading and "scale in" instead of going "all in", for next week we are aiming for a quick take profit level of 26.22 and we will either add more orders or protect our positions based on the reaction of the market off that level.
Silver can be extremely profitable for you, but you need an approach to trading that combines data + key levels to be consistently profitable. If you are finding yourself losing money trading, make sure to give us a like and follow to keep learning the best strategies for profitable trading.
Silver- More to gain than GoldI was bullish on metals ever since mid-2019 when Gold broke above 1350 important resistance of the "rounded bottom" pattern and in fact, this was one of my first analyses on Tradingview.
Comparing Silver and Gold charts though, we can see that Silver's break lagged about a year, the important break here happening in mid-2020. Continuing this comparison, we can see that in the last months of 2010 we also have a correction on both Silver and Gold, but, after this correction was over, Gold only rose 50% and Silver doubled its value .
I expect also to be the case now and if history is to repeat its self, we can have a new all-time high from Silver by June 2012.
Going down on the daily chart. we can see that Silver "held" better than Gold in this correction and didn't made a new low, instead confirmed 22 as strong support.
Yesterday the price broke above important trend-line resistance and now is facing 25 psychological figure. I expect this also to be broken and from this point on the road up is clear for new ATH. Necessary pit stops I see from 2 in 2$, at 26, 28 and 30 recent high for the immediate period
Silver- my 25 target is in focusAs I said yesterday, I expect 23.50 support to hold and bulls can target 25 for their long trades.
Silver was very well bid yesterday all through the day and every dip was bought.
Now Silver is trading 1% above 24 figure and I expect a new challenge of 25 soon. A break above 24.30 should accelerate gains towards this target
Silver Forming an H&S Pattern on a 3 hour time scale?It seems that Silver OANDA:XAGUSD is forming a Head & Shoulders pattern on a 3 hour time frame. This seems to be running against the expectation of a pending rally in precious metals.
Silver (AUD)- Daily chart. Likely respect 50% retracement. Silver (AUD)- Daily chart. Likely respect 50% retracement.
Silver- My target remains 26Silver also had a drop yesterday and exactly like Gold, stopped in the interim support at 23.50 in its case.
And although at this point the price looks bearish, my long term outlook hasn't changed.
I will remain bullish as long as the price stays above 23 and I expect 26 to be reached in the medium-term
Dips towards this zone should be bought and only a dive under 22 would change my bullish outlook
