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Xagusdbuy

SILVER - The ShiningSilver intermediate cycle bottomed with gold on the 30th November. Silver didn't have that serious decline at the end of the last intermediate cycle like gold. Notice that we were in a consolidation box for 4 months and today we broke out. Is it too late to enter the party? No. We are still early in this game and I think silver will run to 42 and maybe to 50 in the following 3-4 months. I've already posted my thoughts regarding the XAUXAG ratio: If you are looking for targets in silver I suggest to read the idea above . If you are not in a position yet I would wait for a backtest of the consolidation box at 26.00$. If you already in a position I would increase the position size at 26$. We have a lot of time in this trade before we have to worry about a top. TSI is just turning up and RSI just reached the overbought territory. RSI can stay overbought for a month or more just like last summer. I will set this idea as a long idea as we broke out of the box but I would wait for a backtest at 26$ before entering.
OANDA:XAGUSDLong
by chartwatchers
8
ridethepig | Silver finding a floor?📍 Consider the following chart, which arose after the waterfall alerts triggered : As the main map, sellers now chose the ABC sequence, with profit taking already being done and sharp buyers also deciding to step in with an early attack. Continue looking to play longs to shake the reluctant sellers stops at the considered centre. It is no revolutionary idea, simply corresponding with the latest moves in Gold: Use 23.5x to build into, it does not look promising for sellers after the defence and their stops are clearly located at 26.0x and 28.9x. In other words: Buyers know their positioning is now weak and the base is secure. Of course other events can cause on base to appear softer than usual, so the transfer of newsflow around vaccines back towards a collapse in public sector confidence, is rather a natural weapon these days. As usual....Thanks for keeping the feedback coming 👍 or 👎
FOREXCOM:XAGUSDLong
by ridethepig
15
XAGUSD Long / 7+RR Day, maybe Swing, TradeOk so we are long on XAGUSD, also long on NASDAQ and a few other pairs, no time to go over that right now. I believe that XAG and XAUUSD can reverse to the upside in the coming hours and trading sessions. In this reticular trade, we have the following: - Entry at the fibs with selling price action slowing down - RSI in the lows - A trendline acting as a resistance, which can break with solid momentum Not much more, our trading strategy is simple and easy... Good luck trading this week!
OANDA:XAGUSDLong
by PrimedGroup
Silver Run on Liquidity We saw a run on stops in February this year as silver raided stops into the liquidity pool below $12. The next raid happen this week as price broke above the $20 closing a short stops. The next liquidity pool we should see price run to is the liquidity pool above $36 catching swing traders out who have the stop above these equal highs. We should see a larger move higher above $50, as physical silver is very rare commodity that is used in industry and electrics. With the gold silver ratio needing to narrow further, and with economic stimulus by governments around the world running rampant, we will see higher prices in silver.
OANDA:XAGUSDLong
by TRADER-RI
2
XAGUSD SILVER BULLISH FOR LONGRead 'em & Weep. Yellow targets are key resistance pts. --- we should hit that final green TP right around end of q2 IMHO: so end of June/Start of July expect to see XAGUSD hovering around 20-25$ range. Very BULLISH on this commodity; as I am with XAU, though Rosland Capital analysts have projected a $38-45 ($43 ATH) return with 400%+ projected TA yet to be priced in* *SOURCE: ROSLAND CAPTIAL DATA PORTFOLIO ANALYTICS ++ TD AMERITRADE PROJECTED ANALYTICS. Disclaimer Precious metals are not my forte; though commodities/currencies are my favorite form of equity. After vigorously studying portfolio analytics & data from Rosland Capital & TD Ameritrade: the aforementioned figures & projected analysis (with green TP / yellow TP representing both targets/resistance support, respectively) I am setting this as a LONG for it could be until the mid-end of next Q before we get there -- emphasis on COULD BE. Could be much sooner. Though I am firm on my bullish stance for XAGUSD & adamant it will return to its ATH by end of Q2. -@a1mtarabichi
OANDA:XAGUSDLong
by UnknownUnicorn3861629
Price of Silver Is Trading In a Triangle, What Does This Mean?In the market, there are no guarantees, only probabilities. That is why traders must always look and prepare for different scenarios. If you have been following my analysis on Silver for a while you have probably seen some of my analysis suggesting Silver could rally to around $22 articles. However, my bias has changed in the last few weeks as the price is unable to move in five-wave higher to break 2019 high. Instead, XAGUSD has been moving sideways. This behavior reminds me of more and more of a triangle correction under construction. See the idea on the chart above. The Elliott Wave Principle states, that triangles are sideways corrective patterns, constructed of five waves, labeled A-B-C-D-E, where each wave is smaller than the previous one unless it is an expanding triangle. It appears that the Silver exchange rate has almost completed wave D to the downside during Friday's session. If this count is correct, we should expect another rally in the face of wave E, which would complete the whole triangle. By any means, if my assumption of a triangle is right, wave D should not breach wave B low, and wave E should stay below wave C high. According to the Elliott Wave Principle, triangles precede the last move of the larger sequence. That is, Silver should resume its larger degree downtrend as soon as the correction is over. What's your thought about Silver?
OANDA:XAGUSDLong
by Veejahbee
4
Silver/USD bullish signsHello. Few noticements here on weekly time frame on silver: Double bottom (red marks) Good, clean looking reversed head and shoulders After breaking the 200 ema (red line) it used it as support. If you compare this to previous movement it could be possible that we see upward movement as as long as we stay on top of it. Same happened on the 20 ema (yellow line) four weeks back. Tested it 3 times but bulls took the lead. Also downtrend (greenline) is broken with and nice looking cross on 50 (brown) and 200 ema which both are bullishs signs Just simple speculation ;) If you do trades always use stop loss -Jebu
TVC:SILVERLong
by PalenTrade