There is a trading opportunity to buy in SILVERTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (14.60). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAGUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 15.068
TP2= @ 15.335
TP3= @ 15.630
SL= @ 14.260
XAG-USD
XAGUSD near key resistance, could possibly drop
XAGUSD is approaching its resistance at 14.97(100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 14.62 (38.2% Fibonacci retracement,61.8% Fibonacci extension, horizontal pullback
support).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD near key resistance, could possibly drop
XAGUSD is approaching its resistance at 14.66 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 14.30 (78.6% Fibonacci retracement,61.8% Fibonacci extension, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD Approaching Resistance, Prepare For A Reversal
XAGUSD is approaching its resistance at 14.66 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 14.30(78.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected.
XAGUSD near key support, could possibly bounce
XAGUSD is approaching our first support at 14.30(horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement ) where a strong bounce might occur pushing the price up to our major resistance at 14.66 (horizontal swing high resistance, ,23.6%Fibonacci retracement, 61.8% Fibonacci extension). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD near key support, could possibly bounce
XAGUSD is approaching our first support at 14.30(horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement ) where a strong bounce might occur pushing the price up to our major resistance at 14.66 (horizontal swing high resistance, ,23.6%Fibonacci retracement, 61.8% Fibonacci extension). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD near key resistance, could possibly drop
XAGUSD reversed off our first resistance at 14.66 (61.8% Fibonacci extension,23.6% Fibonacci retracement, horizontal pullback resistance) where it could potentially drop to its support at 14.36(horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD approaching resistance, potential drop! Price is approaching our first resistance (horizontal swing high resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level to our major support a (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension). Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD near key resistance, could possibly drop
XAGUSD reversed off our first resistance at 14.66 (61.8% Fibonacci extension,78.6% Fibonacci retracement, horizontal pullback resistance) where it could potentially drop to its support at 14.36(horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD approaching resistance, potential drop! Price is approaching our first resistance (horizontal overlap resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level to our major support a (50% Fibonacci retracement). Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD near key support could possibly bounce
XAGUSD is approaching our first support at 14.36 (horizontal swing low support, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ) where a strong bounce might occur pushing the price up to our major resistance at 14.98(horizontal swing high resistance, ,38.2% Fibonacci retracement, 100% Fibonacci extension ). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD approaching support, potential bounce!Price is approaching our first support (horizontal overlap support, 78.6% Fibonacci extension, 100% Fibonacci retracement) where we might see a bounce in price to our major resistance (23.6% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic is approaching support as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD near key support could possibly bounce
XAGUSD is approaching our first support at 14.36 (horizontal swing low support, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ) where a strong bounce might occur pushing the price up to our major resistance at 14.98(horizontal swing high resistance, ,38.2% Fibonacci retracement, 100% Fibonacci extension ). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD near key support could possibly bounce
XAGUSD is approaching our first support at 14.36 (horizontal swing high resistance, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ) where a strong bounce might occur pushing the price up to our major resistance at 14.98(horizontal swing low support, ,38.2% Fibonacci retracement, 100% Fibonacci extension ). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD near key support could possibly bounce
XAGUSD is approaching our first support at 14.34 (horizontal swing high resistance, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ) where a strong bounce might occur pushing the price up to our major resistance at 14.97(horizontal swing low support, , 50% Fibonacci retracement, 100% Fibonacci extension ). Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAUUSD bounced off key resistance, could possibly drop!
XAUUSD is approaching our first resistance at 1302.263(horizontal swing high resistance, 100% Fibonacci extension , 61.8% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 1266.727 (horizontal swing low support, , 61.8% Fibonacci extension ). Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD testing key resistance, could possibly drop
XAGUSD is testing our first resistance at 14.98 (61.8% Fibonacci extension,23.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 14.36(horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD testing key resistance, could possibly drop
XAGUSD is testing our first resistance at 14.98 (61.8% Fibonacci extension,23.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 14.36(horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD bounced off key resistance, could possibly drop XAGUSD i
XAGUSD is approaching our first resistance at 14.98 (61.8% Fibonacci extension,23.6% Fibonacci retracement, horizontal swing high support) where it could potentially bounce to its resistance at 14.36(horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD testing key resistance, could possibly drop XAGUSD is approaching its support at 14.98 (61.8% Fibonacci extension ,23.6% Fibonacci retracement , horizontal swing high support) where it could potentially bounce to its resistance at 14.36(horizontal swing high resistance, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.