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Xagusdanalysis

Silver- Bullish also on short term (H1 outlook)A few minutes ago I made an analysis and explained why I'm bullish Silver in the long term. Looking at H1 chart we can see that XagUsd is also bullish in the short term... After the drop from 2 weeks ago and the low from Monday, Silver recovered quickly and price and up just under 24.50 zone important resistance. In this H1 chart, we can clearly see that price is pressing this resistance and it formed an ascending triangle. A break to the upside should accelerate gains towards 26 resistance. Interim resistance are 25 and 25.50 and 23.50 is strong support now Dips towards this support should be bought and also buying the break can be a good strategy
OANDA:XAGUSDLong
by Mihai_Iacob
2
Silver- To resume its aggressive uptrend?As always, when things are not so clear with Gold, I look at Silver, is more technical and often gives me "clues" As I said in a previous analysis, unlike Gold, Silver didn't made a new local low this week and stopped in strong 22 support. This week was finished with a bullish engulfing from this support and adding this fact to the bull trend that we are already in, I expect a continuation to the upside. For a clear confirmation, XagUsd needs to conquer 24.50 resistance and I expect acceleration to the next important resistance at 26. As long as the price is above 22 buy dips is my strategy
OANDA:XAGUSDLong
by Mihai_Iacob
2
Silver- 24.40- 24.50 zone is the line in the sandSince August top at 30, Silver dropped 8usd (if we consider the low) which is approx 25%. The drop is clearly corrective in nature and, unlike Gold, Silver didn't make a new low. Now XagUsd is trading just under an important confluence resistance zone and a break and daily close above would signal the end of this correction On the short term 23.50-23.60 zone is support now and dips towards this zone should be bought with a target around 24.40 resistance
OANDA:XAGUSDLong
by Mihai_Iacob
1
Silver looks very differentThe price of Silver also dropped at the beginning of the week, but the chart looks very different than Gold's. First of all, we don't have a new medium-term low for Silver with the price stopping its descent just under 23. Second, from the last low, we have higher hights on our chart and the price looks very well supported by bulls. A break of this short term consolidation can put the price again above 24 and also could signal that the correction for Silver is done and the precious metal could resume its uptrend. I'm bullish Silver, more than Gold:)
OANDA:XAGUSDLong
by Mihai_Iacob
5
Silver- under 20 till year's end?Like gold, silver fell aggressively Monday after the vaccine was announced. The price stopped falling just under 24 and into the uptrend line support, recovered some of the losses after and now is consolidating. The chart structure is very bearish as long as the price stays under 25 and I expect it to break under support. Such a break could drastically accelerate losses and we can see Silver dropping under 20 figure. A sell trade with a SL above 25 could have a GREAT R:R of at least 1:5
OANDA:XAGUSDShort
by Mihai_Iacob
5
SILVER XABCD-CYPHER will give us 17% account growthSILVER-xagusd ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Strong break through the 25.00000 2️⃣ XABCD Cypher pattern-Bullish sign 3️⃣ Broad weakness of USD,USA election results outcome 4️⃣ 26.00000 Dynamic support and resistance 5️⃣ Price reached October high 6️⃣ 25.00000 will Acted as strong support 7️⃣ Technical support - Bull 8️⃣ 27.00000 acted as key reversal-bullish 9️⃣ October high-Immediate resistance-Alternative bearish entry 🔟 Possible swing target-29.00000-major psychological level #️⃣ Overall bullish trend —————-❇️——————- 📉 Technical bias-H4-Bullish Price Above 50,100,200 Exponential moving average Relative strength index - Reached 70- overbought condition short term fall back expected MACD -Turned green and well above signal line, oscillators pointing upward Stochastic - Reached 75- overbought condition short term fall back expected Ichimoku cloud -cloud is turned green-Price is above the cloud-Middle line support Bollinger band- Price reached around the upper band-Short term bearish correction towards middle band —————-✳️——————- Key reversal area's 25.00000 psychological level 22.60000 October month low 25.60000 October month high 25.60000 50% Fibonacci retracement level 30.00000 Major psychological level 24.75000 Possible entry- Bull 27.00000 psychological level/Trendline resistance —————-✳️——————- Bullish entry #silver #xagusd Entry price - 24.80000 Take profit 01 - 26.00000 Take profit 02 - 27.00000 Take profit 03 - 29.00000 🚫 Stop lose 24.20000 ⬆️ 17% Growth expected ⤴️ Account growth 2.4 : 16.96 ✅ Risk reward ratio 1 : 7 —————-⚜️——————- Push the like button , And cheer up if you found useful
OANDA:XAGUSDLong
by forexorbit