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Xagusdidea

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 - 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 43 - 19 Oct M > Price moved bullish breaking several structure 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 candle had broken and surpassed daily support/ demand zone turned resistance but dropped to create next LL. Price is moving in a triangle. As per COT SILVER saw addition of both Long and Short, but net positions reduced slightly whereas Commercials again saw lowest Long Position for this year, with improvement in open interest Silver enhanced its position for the said week. Silver however weakened last week. 4H > Price is making HH and HL and is facing rejection at resistance created by 4H supply zone. Due to its correlation with Gold we can expect price to drop before continuing its upward move for our target. It can drop to test 0.382 Fib level again. Pair Correlation > Silver has positive correlation with EURUSD, EURJPY, AUDUSD, AUDCAD and Gold and negative correlation with USDCHF. 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:XAGUSDShort
by AP17FX
XAGUSD Major trend line was broken along with a DojiXAGUSD Has following the same path as GOLD as its got some rejection around 1.25560 a Bearish engulfing candle was formed and felled towards 23.879 a s the USD got some major BID in recent days. The major redline was broken on October 13 with strong bearish candle along with a doji candle. The price was bounced from 23.875 and approached towards 24.600 level which is a .618 Fibonacci level and in morning session even XAUUSD felled below the .786 Fibonacci level as its currently trading in a range we may expect downward play as The stimulus talks are getting weaker day by day which will strengthen the USD and in turn XAGUSD will fall. And the downside target would be 23.414 which is a 1.272 Fibonacci level 💌 Leave your valuable comments and suggestions related to this idea in the comment section. Thanks for your time. Good day guys 💝
OANDA:XAGUSDShort
by forexorbit
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
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