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💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 19.65, resumption of uptrend is expected. We make sure when the resistance at 26.20 breaks. If the support at 19.65 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. While the RSI resistance #2 at 64 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 22.85 on 10/06/2020, so more gains to resistance(s) 25.65 and maximum to Major Resistance (26.20) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 53. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSD
by ForecastCity
8
SILVER - XAGUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of SILVER - XAGUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Price moved bullish breaking several structural levels to stop at monthly support now turned resistance and moved down for correction. After a huge impulse we expect price to retrace till 0.382 or 0.5 Fib levels on last impulse. Both levels coincide with monthly resistance which now act as support. W > Price dropped in between 0.382 and 0.5 level with weekly candle closing at 0.382 level, this level coincides with daily demand zone. Since then price is making upward move. We can see an M formation and expect price to continue with upward move to test neck and complete formation. Neck is few pips below daily supply zone created during last consolidation. D > Price is creating HH and HL on its way up and with impulsive daily candle has broken and surpassed daily support/ demand zone which now would have been a resistance. Next structure level is neck of M formation followed by daily supply zone. As per COT SILVER saw addition of both Long and Short, increasing net positions whereas Commercials saw lowest Long Position for this year, making Silver improving its position for the said week. Silver has gained more strength last week. 4H > We do not see any loss of momentum at close of market and expect price to continue with upward move to test our target and complete M formation. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
OANDA:XAGUSDLong
by AP17FX
1
Silver - At the request of the publicSilver is not an easy market. It depends of many factors. Precious metal so most of the time follows gold. Industrial metal so it follows stocks as well. And as most assets the dollar determines its movement. Right now I think the significant part of silver damage in this intermediate decline is done. The decline started at 30$ and it dropped down to 22$. It was nearly 27% move. If you take a look at the XAUXAG ratio: you will notice that not so much left for XAUXAG to tag the 200 SMA. I don't think it will go much higher than that level. It might or might not tag the 200 SMA. For an outperforming silver decline we need the XAUXAG ratio trending higher . If it's going sideways or drops gold's decline will outperform silver's decline. That's the reason I suggested to switch from silver shorts to gold shorts. I think the gold drop from this point will be more severe ... Even if silver's drop slows down I still think we are going to tag the 200 SMA in October. There is also a good chance that silver will backtest the breakout level at 18.7$. Watching the weekly charts the maximum where this retrace can go is the 100 and 200 SMA at 17$. I don't see any realistic chance that silver will go lower than 17$ . JPM likes to cause a flash-crash in silver before the bull trend continues. If you have a short position I would set a take profit between 17 and 18$. If an overnight crash is coming better to take profit with the banksters...
OANDA:XAGUSDShort
by chartwatchers
4
Will SILVER Collapse or Surge from here?Here, In the beginning, the trend was incremental. But after making a sharp peak, it converted into the descending one. It started to increase by making arc-shaped strong support and fell from the peak. The trend made an ascending triangle between the support trendline and resistance trendline. If from the last candle of an ascending triangle, It moves in the upper direction, there will be an ascending trend, and the targets will be 26.4186 and 27.3800 . But if it will fall after the ascending triangle, There will be a downtrend. And targets will be 21.2500 and 20.2686 .
OANDA:XAGUSD
by forextidings
2
XAGUSD H3. This Analysis Based On Price Action Theory.We Have an Analysis Of XAGUSD H3. This Analysis Based On Price Action Theory. According to Multiple Analysis, We Can See That the Market has a Bullish Direction Even those market prices make a double top 🔺This indication of sell but due trend line or previous support we consider & For this We have Two ✌️ Target (Resistance) Area Around @24.117 & @24.400 For More Confirmation, You can see that Bollinger Bands, Fib Retracement & Super Trend The all are reflected Market Bullish Pattern I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade. Thanks Regard Enclavefx technical group
FX_IDC:XAGUSD
by Enclave_fx
2
XAGUSD H4. This Analysis Based On Price Action TheoryWe Have an Analysis Of XAGUSD H4. This Analysis Based On Price Action Theory. According to The Analysis, We Can See That the Market has a Sell trend on the monthly Time Frame As Well As Market keep Going Down On H4 Time Frame As well As Market Already Break It Old Support & after the price begins again Reject so many time From The New resistance @23.256, So Behalf On this We Have New Key Level(support) @19.378 For More Confirmation, You can see that RSI (Relative Strength Index) & MFI (Money Fellow Index)Both Already Reject From The Resistance Level As per Chart. I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade. Thanks Regard Enclavefx technical group
FX_IDC:XAGUSD
by Enclave_fx
SILVER (XAG/USD) Day Trading Strategy & AnalysisSilver made descending triangle pattern and it's base range is 2.36 . Descending triangle pattern refer as a reversal pattern. Currently, XAG/USD is in consolidation area, and playing at resistance trendline. This pattern has 1% chances to breakout upside. And if it will happen then we may see prices at $28.600 - $29.800+ . DAY TRADERS: In this situation, we should wait for the flat lower trendline breakout. And you can keep selling silver nearby LH level for support trendline (Target: $27 - $26.67060 ). SHORT-TERM INVESTORS: As I indicated in the chart, if the support trendline breakout happens then you can sell for target prices $25.85360 - $25.22460 - $24.44060 . Please note before buy/sell you must identify fakeout, excess, or tail. If you need any help don't hesitate to ask, PM me.
OANDA:XAGUSD
by forextidings