Week-12, Long on XAGUSD on breakoutsLong on XAGUSD on the basis of trading strategy 1 based on different principles
Silverlong
SILVER XAG/USD Major Bullrun Ahead?SILVER XAGUSD once above the green zone will fly and do a 4 to 5x over the upcoming years.
Get in now.
CFDS ON SILVER52-Week High 27.500
14 Day RSI at 80% 25.112
Pivot Point 3rd Level Resistance 24.219
23.890 3-10 Day MACD Oscillator Stalls
Pivot Point 2nd Level Resistance 23.719
23.642 61.8% Retracement from the 52 Week Low
Pivot Point 1st Resistance Point 23.379
High 23.220 High
1-Month High 23.220
13-Week High 23.220
Last 23.038s Last
14 Day RSI at 70% 22.958
22.879 Pivot Point
22.696 14-3 Day Raw Stochastic at 80%
Previous Close 22.637 Previous Close
$SILVER - STILL WAITING FOR THE SHORT SELL AREA.$SILVER - STILL WAITING FOR THE SHORT SELL AREA.
It has been a nice run from the $17 range where I bought my first #silver bags.
I think Silver can perform well from a macro perspective but the $25.50 range will be strong resistance.
Are you owning any precious metals?
Silver: Next Up 3! 😎The following developments for the silver price should be characterized by further increases until the green wave 3 is completed and forces the bulls to rest a little bit. However, a more prominent 3rd-degree-wave, namely the blue wave (iii), should be completed between $26.95 and $29.06, before pushing the course back down South. In any case, movements below $22.19 would force us to switch to a more bearish outlook.
Bullish entry from small frame consolidation breakout!Alright guys, our bearish cycle started from the price level of ~27.94 and ended at the price level of ~17.59. Considering both these extremes we have a very broad range of over 5000+ pips to play in between. We are now having multiple PAs to confirm our bullish continuation, such as:
1- Major Inverted Head & Shoulders pattern with a broken neckline, marking the reversal to expect higher levels.
2- As target zone 1 (First Supply zone, the first small red box 22-22.6) was hit, we claimed the due correction to back to 20.60s range as elaborated in my previous idea about (see related ideas).
3- We are now headed for the target area of ~23.30-23.45 which is near our 0.618 fibo retracement level resistance. From this level, expect some small frame (H4) connection, our next long entry will be from this consolidation breakout exit if it appears . Therefore, have patience and wait for the sharpest entry.
Major Target zone in the big red box is where we probably heading as we break through the Golden resistance at 0.618 Fibo retracement as mentioned in the chart.
Best of Luck and Happy Trading :-)
The major reversal trend driver is the announcement of the federal reserve over easing out on aggressive monetary policies!
SILVER:BUY From Support Level For a new LONG SetupSILVER inside a Bullish trend in the last hours made a pullback on the previous support area at 23.20 and the price is making Higher-highs and Higher following the dynamic trendline that is still working as dynamic support for the price. Our Idea is about a new Long setup following the main trend.
SILVER TRADE IDEA (12/12/22) : LONG Silver has been going towards supply all week long. It has continuously broken market structure and will continue going up most of next week. The TP of 25.810 is expected.
This is simply an idea.
Bullish on Silver in 2023$SILVER reclaimed critical level and now we are waiting for the retest or confirmation through continuation.
NFA, but these are my thoughts here:
If you are in a trade, let it ride and look for exhaustion on EMA or RSI
If you want to open a trade, check for retests and significant levels to be touched.
On the Chart:
* Key Levels with Text in Green and Yellow
* Pink Plot: 200 day EMA
* Orange/Grey Cloud: EMA 21/8 Cross Trend Follower
In Panes below:
* Awesome Oscillator
* KzX RSI showing Divergences
SILVER (XAGUSD) - LONG Position - SwingI am going long on XAGUSD (Silver).
My Elliott Wave count points me to a C leg in an Impulse or Diagonal as the next possible move.
XAGUSD Long - Technical Analysis:
- ABC (Minute (orange)) sequence
- Bullish Bat Harmonic
- Bullish Divergence
- 78.6-88.6% Fibonacci Retracement of Minor A (white)
- 161.8% Fibonacci Extension of Minutes A&B (orange)
Silver Buy Orders - Trading Signal:
Entry @ 18.10
SL @ 16.40
TP @ 20.00 / 21.40 / 21.80
SilverGBP Stack it Prior to a reversal, Powell will increase rates by 0.5 on 12th December. The bear trap!! A black swan event is in play. Everything will be crushed, and they will buy it back for pennies. With a bad scenario, silver could drop to $14. The real wealth lies in gold and silver. The modern world is not the place for your paper money.
Is Silver preparing for long bull run?Comparing the last 50 years of the Silver chart along with the 80's market top along with the 2011 market top. We can see a clear cup and handle 42 years in the making.
Price action is laid over 2 indicators
The Extended Golden Ratio Multiplier
The CM Ultimate MA MTF
The focus of this chart is the pink fib line of the Multiplier and the green & red CM Ultimate MA. I have the focus area circled with what seems to be the interesting point of the chart and indicators. In 1987 the price of silver tired to push back through the MA lines but was rejected and in 89 the pink line followed and kept falling. in 2019 and 2020 try's the same move but this time price action pops through then corrects and so far seems to have found support on the MA lines. At the same time the pink line is crossing the now red CM Ultimate line which historically has happen every time price action has made moves up for months and months afterwards.
We also cannot skip or not touch upon the Dragonfly doji caused in the first half of 2020. This too is usually a very indicator that price action could be moving up over the next few candles and beyond.
Although Gold to me is showing some signs of weakness, Silver to me at least from this chart looks like a very bullish for possibly next few years. Let me Know what you think down below.
Thanks for looking
WeAreSat0shi
Stay Blessed!
XAGGBP All pointing in one direction You are aware that the silver paper market is a fraud. The exchanges and computers are under JP Morgan's supervision, so when they deem it appropriate, the price will rise. Silver is undervalued and is manipulated, as we all know.
Physical premiums will certainly skyrocket. If you don't hold on to your silver, it belongs to someone else. Similar to cryptocurrency, keep yourself secure.
UK is about to collapse, and unfortunately the pound died with the queen. There is a system in place that aims to reduce economic freedom. Your money will first be destroyed. Keep gold and silver on hand to safeguard your wealth. They have endured throughout time.
Silver : $100 $200 $500 ? be ready
A Silver Cup & HandleAfter the completion of a bullish ABCD harmonics pattern on daily chart, the XAGUSD pair has started to form higher highs and higher lows (a bullish rally).
Recent indications of a Cup and Handle pattern further supplements the continuation of the bullish rally (buyers are advised to buy on the breakage of parallel channels)
SILVER BULLISH PATTERN EMERGINGXAGUSD is in the process of formatting a rising wedge pattern on the daily graph which might give a bullish momentum for the instrument in the next couple of days. The weakening of the dollar is also making investments in precious metals more desirable for the investors.
RSI indicator is strongly confirming the outlook, being above the 50 neutral line, the confirmation of MACD is weaker, with the histogram still below the 0 value, but still rising.
If this trend continues, the price of the instrument might try to reach levels of 21.725, but on the other hand, if the trend reverses, the price might test its previous support at 21.333
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Short term S&H pattern on Silver INRCould give a quick move the neckline. Expecting Silver to make a higher high
Silver update A nice double top pattern in 4 hour frame
Looking for 20.4-20.5 today
Yesterday was a good play but we dont reach our target
Today will be easy target
GOOD LUCK
Silver update Iam already in profit sold the 22 area 21 area my target still the same 20 $ or below
I believe we can drop
Am not a buyer every upside movement is for sell
Today target 20.500
GOOD LUCK
Silver quick lookTechnically, silver will test strong support, as what it breached, we may see it again at 22 levels.
The four golden rules of trading
1 Don't be greedy
2 Always use stop loss
3 Never add other positions to the losing positions
4 Use a suitable lot for your account
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Long Silver after reaching support zone.For next week, looking to see Silver go to Buy zone at 18.5 around.
After what we should see Bankers get long on Silver.
The perfect call will be with price falling on that zone...and they buy silver.
For the stop, it will be of course few pips lower that price failure or zone buy zone.
Buying via Future contracts 03-23, so I don't have to pay Swaps.
Silver update Bought more at dip and when it reach the target ill be a seller
It was a small trade , but it doesn't success.
Any way i believe the direction is down and my target still the same 20-19 .
When it goes up ill turn again to seller.
GOOD LUCK
Silver update We take some profit leave the rest
I will buy the small correction wave
From blue line here to red lines
ILL UPDATE LATER
GOOD LUCK
Silver Levels & Strategy for next few daysDear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Sagar Bhai, Silver had an excellent run in last 1 month from below 55K level to 63K plus level. Silver has made LH-Lower High pattern on chart, trading below VWAP. Showing sign of tiredness after decent up move. Silver is likely to consolidate or correct from this level. This is a good time to book profit. 59000 to 60000 should be good range to enter in long position for few months. We are likely to get a chance near next US FED hike when US Dollar Index will get stronger. Please review & share your thoughts as well.
