Silverlong
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
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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.
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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
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SIlverf#ckSilver tested it's main support and breakup candle this week with weekly bullish divergence. RSI near the weekly lows again. So far this level looks like it will hold it - bullish.
My Gold/Silver ratio chart reached the target (see analysis below). I think Silver can be a big surprise here, and gold/silver ratio will now start making it's way down to 60 or mid 50's.
Price target is 35 if this is correct. Good luck!
Title comes from the Smashing Pumpkins.
SILVER RESISTANCE RESISTANCE RESISTANCE... NOW SUPPORT?Looking back at silver over the last decade reveals a very significant trend. Note the resistance peaks and where silver crawled around in the dirt for years and years. In 2020-21 silver broke out of that trend only to come all the way back down the touch the trend.. right now. Is the old ceiling the new floor? It very well could be. It is my opinion that silver will more than 10x over the next 6-10 years. However, we are in strange times and things are accelerating. It is possible that this 6-10 year forecast is too small-minded and things happen much sooner. I am very interested in silver, gold, and the miners moving forward and I believe this could be a bottom.
SILVER (XAGUSD): Breakout & Bearish Continuation 🪙
Hey traders,
Silver broke and closed below a key daily structure support area on Friday
the broken structure turned into a strong resistance now.
I will expect a bearish trend continuation to 18.43 level next week.
For entries, consider an occasional retest of the broken structure.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
XAGUSD (1W) - Silver could be good bet against inflation ? Hi Traders, Investors ...
You probably already look for some places (assets) where to invest or Hide from rising inflation to protect your money.
Silver could be good (above average) bet. Lets see if it unfold as I think. If so, then I will take long position around 18 USD for several months / 1-2years.
Trade/invest safe, take care and enjoy the ride.
The Silver BulletSilver - Intraday - We look to Buy at 20.09 (stop at 19.92)
Preferred trade is to sell into rallies. There is scope for mild selling at the open but losses should be limited. Daily signals are mildly bullish. Further upside is expected although we prefer to set longs at our bespoke support levels at 20.10, resulting in improved risk/reward.
Our profit targets will be 20.58 and 21.20
Resistance: 20.83 / 21.50 / 26.00
Support: 20.40 / 20.10 / 18.93
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.'
Jamie Gun2Head Trade - Buying Silver Trade Idea: Buying Silver
Reasoning: Bullish price action on the intraday, corrective move lower, looking for gains to be extended today
Entry Level: 20.40
Take Profit Level: 20.89
Stop Loss: 20.24
Risk/Reward: 3.06:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
XAGUSD Short Tram BUY signal....NOW
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SILVER (XAGUSD): How to Catch a Bullish Move? 🪙
Hey traders,
Silver is taking off from a major demand area that we spotted on a weekly time frame.
To catch a bullish move, watch a falling intraday parallel channel.
Your confirmation will be its bullish breakout.
After a breakout, a bullish move will be expected at least to 19.3 level.
If the price breaks a yellow structure to the downside, the setup will be invalid.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️