XAGUSD getting closer to it's demand zoneSince Siver is getting closer to a very strong demand zone we might consider buy positions at that level!
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What is your idea about XAGUSD?
Xagusdanalysis
XAGUSD predictive analysis with 3 future pathsFOREXCOM:XAGUSD predictive analysis with 3 future paths as per present price action and supply demand zones.
XAGUSD H1 ZONE MARKING.We have XAGUSD H1 Analysis for Zone Marking.
According to this analysis, we can see the price still running under 200MA & price also tests trendline with selling pressure is a sign of a Selling trend for more confirmation of we market demand & supply zone which is mentioned in the downside
Demand zone3@ 21.356 to 21.426
supply zone1 @ 21.989 to 21.871
supply zone2 @ 22.548 to 22.630
Supply zone3 @ 23.612 to 23.396
Supply zone4 @24.654 to 24.366
With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers
XAGUSDWe see a high in the range of 21.845 and higher than the previous high in the range of 21.768. It is expected that if the above oscillatory movement can be supported by the two ranges of 21.551 and 21.672 and the ceiling of the channel in the above analysis can be successfully rejected. He expected to touch two targets in the areas of 22.010 and 22.159.
important points:
1. The confirmation of departure from the current corrective trend can be obtained from the lower fractals.
2. It is not necessary to touch both targets.
3. The range between 2 targets can act as a resistance
XAGUSDWe are witnessing a decreasing trend in a channelized space. We are currently witnessing a negative divergence and we are on a static resistance in the range of 21.76186.
We have 2 scenarios ahead:
1. In case of breaking the resistance, you can experience a growth up to the ranges of 21.86676 and 21.95601 or between them and then continue the decrease up to the specified ranges.
2. It cannot break the resistance, the divergence works and the 3 specified targets of the harmonic patterns that have been completed in the ranges of 21.69113-21.59853-21.52730 can be considered as targets. If all of them fail We have the important range of 21.40745 in the intersection with the B area of the pattern, which is considered a strong resistance.
Silver Bulls Seem Exhausted, Major Correction ExpectedAfter our last target on XAGUSD bullish analysis (see related ideas), the target zone was hit and managed to bounce the price by a $1 i.e. 500 pips. Now, we should be expecting some large frame correction considering the following technical aspects that silver just presented:
1- Weekly Bearish Harami Candle
2- Strong Daily bearish engulfing candle on last Thursday
3- Rising wedge pattern marking bullish exhaustion which marked breakout with the daily bullish engulfing as well
4- Since we strongly bounced from the major supply starting from 24.14, we have further evidence that this may be the final target we see on silver before a reasonable correction
5- That green demand zone marked on the chart is the most probable correction target so far
Best of luck and Happy trading :-)
XAGUSD(Silver) : Short Trade , 4hHello traders, we want to check the XAGUSD chart. The price has successfully broken the price level of 22.58300 to the bottom and stabilized below this price. Then the price, after settling in a suffering zone, was able to break this zone as well. break down. According to the strength of the downward trend, it is expected that the price can continue its downward trend and fall to around the price of 21.04900. Good luck.
#XAGUSD
In the previous analysis, we considered 3 ranges as a target in dealing with resistance, and we obtained 2 ranges, and by reaching the range of 23.44106, it created support, and by touching this range again, forming a double bottom and creating a positive divergence of the resistance range. broke to climb.
Now, by checking the side range, we see the completion of the ABCD pattern in the range of 24.27206 and we have a negative reaction in reaction with it and the ceiling (resistance).
The upcoming scenario is just a correction from an upward trend up to the range of 23.92651 at the intersection with the pivot and the 38.2 percent Fibo correction. After performing this movement, the next wave can be predicted according to the time and type of movement.
XAGUSD ready to break the 4h rangeXAGUSD aiming for the range high at 24.14. There is a high probability that it will break that range and move higher.
Silver Multi-Timeframe Analysis 30.01Hello Traders,
welcome to this free and educational technical analysis .
Silver is currently testing a very strong weekly support/resistance area amd after this massive runup there is the possibility that we will see a short term correction away from the zone.
On the daily timeframe you can see a beautiful distribution phase, where the market is starting to create lower highs and lower lows, so I am now just waiting for a break of the very strong previous support zone and then a retest,
and then I will definitely enter a short to capitalize on the continuation to the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
XAGUSD Next MovePair : XAGUSD ( Silver / U.S Dollar )
Description :
Bearish Channel as a Corrective Pattern in Long Time Frame and Made a Breakout of the Upper Trend Line
Divergence
Break Of Structure
Consolidation Phase in Short Time Frame wait until it Breaks the Upper Zone or the Lower Zone
Completed the " 12345 " Impulsive Wave and Corrective " ABC " Wave
XAGUSDSILVER touched top line of important correction. I think silver is looking GOLD and DOLLAR INDEX. DXY is really important for this chart, if DOLLAR takes power, SILVER can have good correction.
XAGUSD(Silver) : Short Trade , 1hXAGUSD sell Entry : 23.84680
Stop : 24.12719 , Target1 : 23.57000 , Target2 : 23.28600
Risk/Reward Ratio : 2
XAGUSD 16-20 Jan Next MovePair : XAGUSD ( Silver / U.S Dollar )
Description :
Rising Wedge in Long Time Frame and Rejecting from the Upper Trend Line with Strong Bearish Price Action as Impulse
Making Correction in the Form Bullish Channel and Rejecting from the Upper Trend Line
Fibonacci Level - 78.60%
S- R Level
Resistance Level
Divergence
Completed " ABC " Corrective Wave
XAG/USD Range ... XAG/USD Range ... This is not signal... Dont risk more than 3% of your account on any trade...
Silver Uptrend MoveIn the silver chart on the daily timeframe, our trend following level is $23.50, but we can expect a drop to $22.10 at the daily close below this level. As long as it stays on the trend, the $25.50 target will hold.
$XAG - Which side?!$XAG - Which side?!
Market overall bearishness on DXY looks over done, we could get pull back on the metals break below these key areas taking silver to 22.5/21.5 areas could easily be achieved however break above 25.5 areas would be your target area..
Don't forget to trade your OWN plan!
Best
TJ
Possible SELL ZONEGrab this Aggressive SELL🛑
After creating up move XAGUSD can go down as rocket 😃🚀🚀🚀🚀
🔇🔇warning🔇🔇
Must use money management💵💵
This not a signal just my perspective 💹💹
XAGUSD(Silver) : Short Trade , 1hXAGUSD sell Entry : 23.89580
Stop : 24.17927 , Target1 : 23.58575 , Target2 : 23.32886
Risk/Reward Ratio : 2
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.
Silver Analysis 01.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
XAGUSD - Waiting for a breakout … for the week of 02 Jan 2023Silver has been steadily making its way to the up side since mid Dec 2022. At the top it has been contained around the 24.24 level, while it has been consistently making higher lows. This kind of price action is similar to a spring that is coiling up and it will have a strong release.
I expect this coiling PA to continue for a few days still. If this works out as I expect, we should see higher lows continue to be printed, while being contained above the 20 ema for some time. Then a break out should occur. Entries can be at the point of breakout or if/when a retest occurs. The 1st target can be 25.35 region with the potential to seek 26.36.
Always use sound money and risk management and stay patient in all your trades.
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What do you think about this trade idea? Please comment and share your thoughts!!
silver analysisThe probable trend of silver
The second goal is very important and the possibility of heavy modification is very high
