AG LONGDear gamblers,
Seems that AG has retraced enough. We open long right at 12.33 USD with stop loss at 10 USD looking to target 40 middle term.
Silver is a "commodity" that attracts me because of its scarcity and industrial need for batteries.
Let's see if it plays out.
** This is not financial advice, do your own research before risking money ***
Kind regards,
Silverlong
SILVER : GARTLEY PATTERN IN RANGE AREA | BUY SETUP 🔔Welcome back Traders, Investors, and Community!
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Silver Correction CompletingSilver is in the latter stages of potentially completing its corrective cycle. The sequence should complete on the next new low to test the confluent support zone of 21/20/50, watch for bullish reversal patterns to develop here to deploy long exposure targeting a move back through the internal trend line resistance through 23 enrolee to a test of the primary trend line resistance towards 26.00
SILVER 4HSILVER
4 HOUR TIME FRAME
LONG POSITION
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Silver- New leg up?As I said in my previous Silver analysis, as long as the price stays above 22.20 support, bulls hold the upper hand.
At this moment, on H1 chart and smaller time frames, we can see a small pennant forming which can lead to continuation.
The confirmation comes with the price above 22.65-22.70 zone and the parget can be 23.50
Trading Signal For Silver Trading Signal:
A Trading Signal is seen in the XAGUSD Silver
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy on neckline breakout or Buy on 22.15
⭕️SL: Close below 21.95
🔵TP1 @ 23.05
🔵TP2 @ 24.20
🔵TP3 @ 25.55
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Silver- Where to buy?After breaking above the trend line resistance on Friday, and confirming the drop under 22 as a false break, Silver has riched a high around 22.7
Now XagUsd is in a normal correction and this can be a good opportunity for bulls to load long positions
A good place for this is 22.30 support and a break back below 22 would invalidate this bullsih scenario
23.50 could be the target
Silver- Buy dips is my strategySimilar to Gold, Silver also has reversed strongly yesterday and at this moment is trading in confluence resistance as well.
A break to the upside would confirm reversal on medium-term and also a false break of support
Buy dips is my strategy and I will remain bullish as long as the recent low is not violated
First Majestic: Turnaround soon? 😢😢😢It has not been a particularly good year for the First Majestic stock. However, we expect a turnaround just above the support line at $12.56. If the bulls can turn the course around there, big-time upward movements await us. If the price falls below the support line, we will see one-digit prices.
Happy trading!