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XAG USD ( Silver / US Dollar)

Strifor || SILVER-23/05/2024Preferred direction: BUY Comment: After yet another historical and local record for metals , this market began to correct faster than currency pairs. In silver , in particular, we have recorded a local maximum and are now confidently moving towards the support level of 29.77800 . Near this level, we consider long according to scenario №1 , taking into account the context. We also do not exclude scenario №2 , which involves buying at the 29.00 level. In both cases, we do not consider the target above the level of 31.80 , where this correction started. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAGUSDLong
by Strifor
3
Strifor || SILVER-21/05/2024Preferred direction: BUY Comment: A long with little potential can be considered for silver in the next 1-2 days . Let us remember that earlier we also considered purchases near the level of 30.50-31.00. These trades were closed with profit and can be viewed in the profile. Just like with currency pairs, here we are considering a small potential for strengthening against the US dollar against the backdrop of previous transactions. We are considering both scenarios presented on the chart for entering a long position, but still the more probable scenario №1 , which assumes maximum growth from current prices. In any case, a target above the level of 33.00 is not considered for today. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAGUSDLong
by Strifor
1
XAGUSD: Bullish Megaphone going for its top.Silver is almost overbought on its 1D technical outlook (RSI = 68.691, MACD = 1.067, ADX = 40.719) as it reversed last week's minor pull-back. Being supported on the 1D MA50, the current Bullish Megaphone pattern is aiming for its top. We are expecting a +33.66% rise (TP = 34.500), same as the first Bullish Wave. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAGUSDLong
by InvestingScope
1
The first idea: Silver is a Flat expanded corrective patternDear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles. As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse market scenarios. I strive to mitigate market uncertainties by upholding a broad spectrum of market perspectives, enabling me to discern market structures with utmost precision. I am pleased to share my analysis with you, with the disclaimer that I do not offer buy or sell recommendations. My perspective on analytical ideas remains entirely impartial, and if my analysis aligns with your standards, it can serve as a compass for informed decision-making. I have enclosed my prior analysis of the same market for your perusal and comparison. All aspects of my analysis are clearly delineated for clarity. Nevertheless, familiarity with the Elliott Wave principle theory facilitates comprehension of the analytical concept. I apologize for the repetitive nature of the text, as my week is occupied with formulating analytical and educational ideas, as well as engaging in trading activities and managing my social networks. Due to time constraints, I am unable to provide textual explanations for every idea, hence the inclusion of a separate text alongside the labeling. Should the text be unclear, I am available to elucidate the key points. My rigorous study of the Elliott Wave Principle spanned nearly three years, during which my grasp and utilization of this invaluable tool evolved. My progress thus far stands as a tribute to the legacy of Ralph Nelson Elliott, whose brilliance underpins my accomplishments. May he rest in peace. I am grateful for your unwavering support and benevolence, and I eagerly anticipate your feedback and constructive criticism. May my analysis serve as a valuable asset in your business endeavors, and I remain yours sincerely, Mr. Nobody Previous analytical ideas
FXOPEN:XAGUSDLong
by mehdi47abbasi79
The second idea: Silver is a Zigzag correction patternDear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles. As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse market scenarios. I strive to mitigate market uncertainties by upholding a broad spectrum of market perspectives, enabling me to discern market structures with utmost precision. I am pleased to share my analysis with you, with the disclaimer that I do not offer buy or sell recommendations. My perspective on analytical ideas remains entirely impartial, and if my analysis aligns with your standards, it can serve as a compass for informed decision-making. I have enclosed my prior analysis of the same market for your perusal and comparison. All aspects of my analysis are clearly delineated for clarity. Nevertheless, familiarity with the Elliott Wave principle theory facilitates comprehension of the analytical concept. I apologize for the repetitive nature of the text, as my week is occupied with formulating analytical and educational ideas, as well as engaging in trading activities and managing my social networks. Due to time constraints, I am unable to provide textual explanations for every idea, hence the inclusion of a separate text alongside the labeling. Should the text be unclear, I am available to elucidate the key points. My rigorous study of the Elliott Wave Principle spanned nearly three years, during which my grasp and utilization of this invaluable tool evolved. My progress thus far stands as a tribute to the legacy of Ralph Nelson Elliott, whose brilliance underpins my accomplishments. May he rest in peace. I am grateful for your unwavering support and benevolence, and I eagerly anticipate your feedback and constructive criticism. May my analysis serve as a valuable asset in your business endeavors, and I remain yours sincerely, Mr. Nobody Previous analytical ideas
PEPPERSTONE:XAGUSDLong
by mehdi47abbasi79
Strifor || GOLD-24/05/2024Preferred direction: BUY Comment: Metals after the corrective movement are considered for medium-term long. There is no need to talk about the short term yet. The most likely scenario for gold is growth from the level of 2343.869 (scenario №1). To do this, it is necessary to close above the level of 2343.869 , thereby forming a false breakout after such an aggressive approach to the specified support level. Scenario №2 assumes growth after a deeper correction towards the level of 2300 . In this area, using a similar format, according to scenario №1 , one can expect growth towards the target at the level of 2431.590. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
1
Strifor || EURUSD-24/05/2024Preferred direction: Neutral Comment: AToday, the situation on the euro looks more neutral, and for a more grounded trades, it is better to wait until certain levels are reached. Let's start with the most likely scenario №1 , which assumes a fall towards the level of 1.07500 and below. It should be noted that in a more global perspective than in the short term, most likely bears will dominate the market. To fall, you need to wait until the price fixes below the level of 1.08000. Alternative scenario №2 assumes a short-term strengthening of the euro towards the level of 1.09000 . If such a scenario is realized, it is still most likely that the instrument will turn downward in the medium term. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
by Strifor
1
XAGUSD. Weekly trading levels 20 - 24.05.2024Not much has changed on Silver. We were above 10 years ago; there is no data on volumes for such a period. If we go higher, we can clarify the levels in Daily publications. During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
FOREXCOM:XAGUSD
by Forex_Hoby
Strifor || USDJPY-22/05/2024Preferred direction: SELL Comment: The opinion and trading setup for the Japanese yen also remains the same. In the short term, all this will most likely be a small, but downward movement towards levels 153 and 152 . The two previous scenarios are relevant for today, as already mentioned. Scenario №1 - sales at current prices, and scenario №2 - a preliminary approach to 157-158. In both cases, we fix the target near the level of 153.222 (70%), and at the level of 151.786 (the remaining part). Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Strifor || USDCHF-22/05/2024Preferred direction: SELL Comment: The shorter-term trade on the franc remains in effect. Here, selling outflowing levels is expected (scenario №1), as well as from the level of 0.91424 (scenario №2) . It should be noted that the franc is not the most attractive currency to buy against the US dollar, however, selling priority on the currency pair is more likely. Let's consider the same level 0.90108 as a target. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Strifor || USDCAD-22/05/2024Preferred direction: SELL Comment: After another price fixation at the level of 1.36000, we are again considering an approach to this level through two scenarios. It should be noted that a fall below 1.36000 is not expected, so it will be very important to exit on time. The most likely scenario №1 involves a fall actually from current prices near the level of 1.36557 . Scenario №2 is more conservative, but at the same time less likely today, which involves a fall from the level of 1.37020. In general, most likely in the short term, the main competitors of the US dollar will strengthen their positions, however, considering the more global picture, there is a high probability that the US currency will win back all its lost positions. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Strifor || NZDUSD-21/05/2024Preferred direction: BUY Comment: The bullish mood remains for the New Zealand dollar. We will most likely see growth here in the very near future. The focus is on level 0.61670 , which is expected to be broken in the very near future. However, the price is unlikely to go too high given the prevailing technical factors. Therefore, it is preferable to take profits near this resistance, despite the slightly greater potential that this instrument may show. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || AUDUSD-21/05/2024Preferred direction: BUY Comment: The currency pair continues to trade above the level of 0.66460 , and at the beginning of this week, we maintain our buy priority for this instrument, as well as the scenario. Today, both scenarios are relevant, and until the support level of 0.66460 is broken down by sellers, the bullish mood will persist. It should be noted that the goal should not be set too high. The area 0.67500-0.68000 is the growth ceiling. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || GOLD-Week StartingPreferred direction: BUY Comment: For metals , all our previous targets were hit with a plus, both for gold and silver . If we talk about gold , we are trading near the historical high, which is always a key moment for any instrument. Against this background, it is largely better to refrain from trades and monitor. Most likely, the metal will try to renew itself to the maximum, but this will most likely require a pause or a preliminary rollback (scenario №1). In case of an unsuccessful breakdown of this maximum, one can count on growth, but closer to the level of 2343.869 (scenario №2). Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSD
by Strifor
1