XAGUSD, Meets a strong rejection of Price, LongXAGUSD, Meets a strong rejection of Price due to strong Support!
Xagusdanalysis
Buy XAGUSDGood Morning traders today I bring you a trade on Silver (XAUDUSD). Many analysts believe that price of Gold and Silver is going down but I think there is a high chance that we see price rise today.
The 50 moving average is acting as support, at least for now and this is enough for me to go by.
Entry: Market at 25.52
Stop at 24.70
Profit at 27.15
Silver could drop under 24 In my 2 days ago analysis on Silver I said that the rise from 24.50 is clearly corrective in nature and rallies towards 26 should be sold.
At the time of writing, Silver looks like it carved a local top and a lower high and it is resuming its bearish trajectory.
I'm bearish Silver in this context and I expect a new leg down under 24.
Gains should be very well capped by 26 resistance at this point
Xagusd ShortGood luck to you!
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This is just an idea, not financial advice.
Silver- 26 is strong resistance nowAfter dropping around 18% from last week s top, Silver found support on Monday at 24.30 and started to rise.
The rise is clearly corrective in nature and it looks like a flag.
I expect gains to be very well capped around 26 resistance and we can expect a new wave of sales from here.
A good target for sellers can be 24.50
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Silver Chart- not as clear as GoldUnlike Gold, Silver chart looks quite different.
Despite the fact that it did rebound of the support, the price is probable to drop to 20usd before rebounding. This makes us prefer Gold at this stage. Yes, they do rise or drop together.
We prefer to buy AGQ (ETF ProShares Ultra Silver). Trades like a share, no expiry, more controllable.
SILVER ANALYSISPrice has rejected the daily resistance but also rejection trend line support , we will take short if price breaks and retest the trendline
Silver Price at Trend line Support | Uptrend Silver chart is showing really good trend line support here it can move higher and higher
Silver price today is moving in below last 3 day low. breakout above will be our entry.
After correction in US dollar Commodities Price is moving good also in pandemic situation Investor majorly hold the commodities and bitcoin which is one of the best investment considered by the major institutions.
silver price must close below or above the trend line for next price direction
Silver- Eyes on 30Just like Gold, Silver also had a good start of the year with price breaking above pennant resistance and confirming its strong bullish trend.
As it was normal, 27.50 offered resistance and I believe this is just a pit stop in this uptrend
Yesterday Silver confirmed 26.80 as new support and I expect an acceleration to the upside once 27.50 is cleared
For this outlook to stay valid the price needs to stay above 26.50 and, as the title says, my medium-term target is 30
Silver- 30usd in January?As I said before, in a bullish scenario, in my opinion, Silver has more to gain than Gold.
And as we can see from the chart, XagUsd has spent the last part of December above important horizontal support from 25 and also above the descending trend line. giving us a clear bullish bias.
Last days of 2020 the price of Siver consolidated and formed a pennant which also gives us reasons to be bullish and hopes for a continuation to the upside.
My strategy is to buy dips around 26 and only a daily close under 25 would change my bullish outlook
XAGUSD (silver) AnalysisTechnical analysis shows a bullish move for silver in the coming days after the correction. The moving average is also a confirmation signal.
XAGUSD FOLOWING XAUUSDTHE SAME PATTERN ON XAGUSD IS FORMING ALSO ON XAUUSD.
REFER TO MY XAUUSD ANALYSIS YOU CAN SEE IT ASWELL.
Silver- short term outlookAfter reaching a top at 27.40, Silver dropped quickly to 25 zone support. The price acted like a falling ball, with this 25 as a floor and lower and lower rebounds.
On an H1 chart, we can see a small double bottom forming, with the neck-line at 25.50, resistance which coincides with the falling trendline. A break above would expose 26 important resistance in the short term.
I'm bullish as long as the price stays above 25 zone
Silver- 28 next?As usual, Silver is more volatile than Gold, and yesterday's 500 daily range on XauUsd translated in more than 2500 pips volatility for Silver. But, also here, nothing is changed from a medium-term perspective. The drop from 27.40, although very violent, is nothing more than confirmation for 25 as strong support.
At the time of writing Silver is trading stable above 26 resistance and I expect the bull run to continue towards 28.
On the short term, dips should be bought and the bullish scenario remains intact as long as we don't have a daily close under 25
Lost Money On Silver XAGUSD? Watch This Video To Learn Why!XAGUSD Silver has been a very profitable trade for us at the Sunday open, everything that we have detailed in our previous Silver XAGUSD analysis has unfolded to a T.
As I mentioned on the video, I was going to post a link for our other social media but just noticed that it violates the house rules, so I won't post any link here. Make sure you like & follow to never miss any other tutorial or forecast.
Here's the link to the previous analysis:
Silver- Best place to buy itAs I said in my previous analysis, in a bullish scenario ( which I definitely expect ), Silver has more to gain than Gold. ...
Last week Silver was on the run, same as Gold, but, as usual, things are more clear here from the technical point of view.
On Tuesday XagUsd broke above 2 important resistances, the descending trend line resistance and the horizontal and psychological 25 figure. After reaching my short term target at 26, on Friday, we have consolidation and a slightly corrective move. I expect the price to continue up and gains to accelerate after 26 breaks and, more important, I expect Silver to reach 30 in the first trimester of 2021.
25.50 followed by 25 could be a great place for bulls to enter trades and only a break back under 23.50 would delay this scenario.
SILVER XAGUSD - To The Moon? Watch To See..Silver XAGUSD has been a very profitable trade for us within the month of December where we forecasted a big rally on the back of more stimulus, annual inflation and seasonality.
In terms of Silver we have to be extremely careful in our trading and "scale in" instead of going "all in", for next week we are aiming for a quick take profit level of 26.22 and we will either add more orders or protect our positions based on the reaction of the market off that level.
Silver can be extremely profitable for you, but you need an approach to trading that combines data + key levels to be consistently profitable. If you are finding yourself losing money trading, make sure to give us a like and follow to keep learning the best strategies for profitable trading.
