XAGUSD Possibility of shorti kinda guessing here, dont take it into action,
price will come down no matter what,
but is it this time?
Xagusdanalysis
XAG BUY SETUPBased on year high and low, Ive worked out using GANN Square that XAG is rotating a full 270 deg from 17.220. To complete a 360 deg the price would have to fall to 15.947.
I believe Silver is used to Cap the Gold market and as such there is lots of volatility. Here are three trades. Im interested to hear more from traders about XAG and GANN !
I have been a physical trader of Silver for 17yrs, I have only been trading prices for 18 months, my opinions are my own and I am here to learn as much as I can. Gl everyone.
Buy 16.229
target 16.842
SL 16.135
Buy 16.088
Target 16.654
SL 15.993
Buy 15.946
Target 16.512
SL 15.852
XAGUSD possible correction and sell setupSilver just tested and tried to break the trendline before a big sell off-I am looking for a correction here to then start of fresh falls to prior lows. I'd suggest look for sell setups once correction completes.
Happy Trading.
Silver on a last support testAlthough the price essentially bounced off the 16.200 soft support, I expect that the 4H Channel Down (RSI = 42.365, MACD = -0.059) will test the hard support of 1D at 16.040. The Lower High (Highs/Lows = -0.0021) is priced at 16.391.
GOLD IS DEAD?In short our full net short position in gold and silver is well justified from the measurement of risk and reward at the time writing this article/idea
As we are seeing from the past couple of days mining stocks,gold and silver have been moving sideways and volatility have been decreased in a significant manner,many inexperienced traders gets confused at this point as they thought no significant price move is going to happen and there is no point to watch this market but reality is exactly opposite
low volatility in gold often precedes huge moves in prices and we are attaching the chart below so you see it clearly,what we saw in this market (having experience of more than 6 years) that in most cases implication of low volatility meant that a huge bearish move is about to take place,we are attaching two charts below so you could be able to see that why recent low volatility should be seen as upcoming bearish movement,to watch this we have to see gold stocks to gold ratio and the gold stock to the general stock ratio,https://www.tradingview.com/x/IE2AUB3u/
if you look at both ratios you could clearly see that entire sideways movement in p.m sector is verifying the breakdown in both ratios,on a short term basis you could see the prices not moving if you will try to look at long term picture then you should be ready to see significant decline in prices
ok let's quickly jumped into silver,we already have wrote in our previous articles that silver still can made a short term small upswing before it plunges back,we still support our previous idea that either silver can decline immediately or it could move little higher before quick decline continues,we can compare the analogy of late nov 2017 to current situation
GOLD-our previous comment on this metal is still up-to date
i would like to add few things today and that is comparison of current situation to 1st nov 2017 when gold made its final top and quickly plunges back and made its breakdown below 50 day moving average.well that session was quite interesting,those who followed our instruction made huge profit at that particular session,as we already know volatility has been decreased and gold almost did nothing yesterday,if we compare the situation to gold previous breakdown below 50day moving average the implication seems quite bearish,
Adding things up-As we already wrote many times that an small upswing in white and yellow metal is still probable and in white metal that's what we are seeing right now gold miners under performance makes this point even more valid,overall it seems that the big decline is just around the corner
we will update you anyway!!!
BIG RED BEAR knocking on your door! Part 4 - XAG/USDSILVER (XAG/USD) - BUY
Aggressive Entry @ 16.15
SL @ 15.75
Moderate Entry @ 16.00
SL @ 15.50
Targets: 16.80 / 17.20 / 17.60 / 18.00 / 18.50 / 19.20 / 19.60 / 20.00
Silver starting to break out nicely,watch for strong bullishnessSilver (XAGUSD) has broken out of our long term descending resistance-turned-support line signaling that there’s strong potential bullishness. Our 1st major support is at 16.66 (Fibonacci retracement, horizontal overlap support, breakout level) and a strong rise could occur from here to push price all the way up to 16.92 resistance (Fibonacci retracement, horizontal swing high resistance).
RSI (21) has correspondingly broken out of our long term descending resistance-turned-support line signaling that a potential rise is approaching.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Silver testing major resistance, potential drop from here!Silver (XAGUSD) is testing major resistance at 16.63 (Fibonacci retracement, horizontal overlap resistance, descending resistance) and a strong reaction could occur at this level to push price down towards 16.38 support (Fibonacci retracement, horizontal swing low support, Fibonacci extension). We can see our long term descending resistance line add a lot of bearish pressure to our idea.
RSI (21) sees a long term corresponding descending resistance line hold price down really well too. Only a break above this descending resistance line would be a precursor to a larger recovery in silver.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Silver now testing strong support, watch for a potential bounce!Silver is now testing major support at 16.63 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could occur at this level to push price up towards 16.96 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is seeing major support at 7% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Silver hovering right above major support,watch for bearish moveSell below 17.34. Stop loss at 17.48. Take profit at 17.11.
Reason for the trading strategy (technically):
Silver is now hovering above 17.34 major support (swing low support, Fibonacci retracement, ascending support) and a clean break of this level would trigger a bearish move to drive price down to at least 17.11 support (Fibonacci retracement, horizontal overlap support).
RSI (34) sees an ascending support line hold price up really well correspondingly. A similar break of this support line would trigger a bearish move downwards.
Silver testing major resistance, prepare potentially strong dropSilver has broken our long term ascending support-turned-resistance line stretching all the way back to December 2017 and has made a pullback to this level. This is always a good sign that bears are forcing their way back into the position. The overall momentum remains overwhelmingly bearish. This break of our long term support-turned-resistance line has triggered a potential bearish drop from here below 17.03 (Fibonacci retracement, horizontal pullback resistance, bearish exit) for a push down to 16.21 support (Fibonacci retracement, horizontal pullback support).
RSI (34) has made a similar break of its long term ascending support-turned-resistance line signaling that a change in momentum is expected. We are also seeing strong bearish divergence vs price which signals that a potential reversal is impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Silver on pullback resistance, possible re-entry pointSilver has broken our long term ascending support-turned-resistance line stretching all the way back to December 2017 and has made a pullback to this level. This is always a good sign that bears are forcing their way back into the position. This break of our long term support-turned-resistance line has triggered a potential bearish drop from here below 17.03 (Fibonacci retracement, horizontal pullback resistance, bearish exit) for a push down to 16.21 support (Fibonacci retracement, horizontal pullback support).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD : NO FEAR - PART 2Hi traders,
With the barrage of negative US data we been receiving, with gold showing that this run isn't over yet, with DXY showing overall weakness against all other majors.... I'm calling long from here.
Also that previous wick tells us that the bear are in control. everything else is pointing the other way. We also have a nice bounce off FIB extension from here which gives a nice technical aspect to this trade.
XAGUSD LONG
ENTRY : 16.97
SL : 16.858
TP : 18.57
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Silver has broken major support, prepare for a possible drop!Silver has broken our long term ascending support-turned-resistance line stretching all the way back to December 2017. This has triggered a potential bearish drop from here below 17.03 (Fibonacci retracement, horizontal pullback resistance, bearish exit) for a push down to 16.21 support (Fibonacci retracement, horizontal pullback support).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Silver being squeezed for a major move!Silver is seeing major resistance below 17.21 (61.8% Fibonacci retracement, horizontal swing high resistance) while an ascending support line continues to hold price up and squeeze it against this major resistance. A major move can occur in both directions in such scenarios. If price manages to break and close below our ascending support line, this could trigger a strong drop towards our major support at 16.21 (Fibonacci retracement, horizontal breakout level).
It is worth noting that Gold which is positively correlated with Silver is also similarly below major resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Silver testing major resistance, watch for a reversal!Silver is testing major resistance at 17.21 (61.8% Fibonacci retracement, horizontal swing high resistance) and a strong reversal could potentially occur at this level to push price all the way down to 16.21 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 96% and a recent bearish exit signals that further downside movement could occur on price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Silver testing major resistance, possible upcoming reversal!
Silver has started to react strongly off a major resistance level at 17.21 (61.8% Fibonacci retracement, horizontal swing high resistance) and a strong reaction could possibly occur at this level to drive price down to at least 16.21 support (Fibonacci retracement horizontal breakout level). Our next major level of resistance is at 17.64 (78.6% Fibonacci retracement, breakout resistance level).
Stochastic (34,5,3) is seeing major resistance at 96% and a corresponding reaction could occur at this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD : GIVE IT TO MEHi traders,
Silver has been giving us bearish signs lately. Its movements (bearish wicks) are showing us selling pressure up above. Mix this with what it now looks like a downtrend channel.. and we have a potential bearish run ahead of us. DXY just can't seem to really fall at the moment which is not a positive outlook for silver. As we all know, commodities like to follow each others movement. Gold is also doing the same thing as silver. This brings us to believe that we might see silver going down yet again.
Here's what I'm thinking :
XAGUSD SHORT
ENTRY : 17.112
SL : 17.297
TP : 15.86
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
$silver fast analyseAs shown in the '4H' candle, the support is now tested at the 'A' level as shown in the figure which represents the falling trend after the break (the exchange of roles between the resistance and support levels) Again, and directly support the "B" "directly, but the false break will confirm the price rebound to the region '' I '' as the least estimate
XAGUSD-Silver Medium TermMy previous recommendation on Silver to short at 17.30 for a target to 16.85 was successful, For now a top of the head & shoulder pattern is completed, expecting for the right shoulder to be formed to confirm the pattern. Intermediate trend looks to be bearish now as it broke the multi-days bull channel & all momentum indicators are turning bearish so a lower top is needed for confirmation of the bearish trend.
Strategy: Short on a bounce around 17.03-22 for a target to 15.87, tight stop above 17.41
SILVER LONG IN PROCESSSilver completed abc pattern on daily time frame
Silver paused on Daily TL and then created a reversal channel formation
then broke out of down channel creating an impulse move up, Price pulled back into bullish order block, cleared stops and now possible up trend in play
my buy order was set 16.464 which was the bullish order block from where price broke out of the down channel. it got triggered on the pull back after impulse move out of reversal channel
entry: 16.464
SL: 16.100 (dynamic stop)
TP: 17.1325
XAUUSD: All set for a bullish upward movementI believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal.
It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail.
Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades.
My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favorable trade setup and plans.
