Xagusdlong
Silver- buy dips for a break of 26As always, Silver is showing a more clear picture than Gold...
On Monday, similar to Gold, we have a false break of support, marked here with a strong reversal Pin Bar on H4. After this fake break, Silver re-entered its familiar range between 24.50 and 26.
Yesterday the intraday spike on Gold also affected Silver and bulls managed to keep 25 important zone intact.
At the time of writing Silver is trading at 25.90, just under important 26 resistance.
I expect a pullback from this resistance and this can be a good opportunity for bulls to buy dips for a break above.
This outlook is valid as long as 25 remains intact
XAGUSD will Perform in 2021Hello Fellow Traders, Here is a Full Updated Analysis on XAGUSD
XAGUSD will Outperform XAUUSD this year in 2021 to new Multi Highs, invest Your Money wisely in 2021!!
Conditions -
1. Wait for confirmation(Wait For Price Action Confirmation / Break of structure )
2 .Use Risk Management (Risk 1% of your capital)
3. Do your Own analysis!
4. Entry on The 4H Timeframe!
5. Show some support Below!
below i have Linked the Chart For XAUUSD as well for you review!
Happy Trading & Goodluck!
See You in the next Analysis!
Global Fx Education
Silver Price at Trend line Support | Uptrend Silver chart is showing really good trend line support here it can move higher and higher
Silver price today is moving in below last 3 day low. breakout above will be our entry.
After correction in US dollar Commodities Price is moving good also in pandemic situation Investor majorly hold the commodities and bitcoin which is one of the best investment considered by the major institutions.
silver price must close below or above the trend line for next price direction
Silver- Eyes on 30Just like Gold, Silver also had a good start of the year with price breaking above pennant resistance and confirming its strong bullish trend.
As it was normal, 27.50 offered resistance and I believe this is just a pit stop in this uptrend
Yesterday Silver confirmed 26.80 as new support and I expect an acceleration to the upside once 27.50 is cleared
For this outlook to stay valid the price needs to stay above 26.50 and, as the title says, my medium-term target is 30
Silver- 30usd in January?As I said before, in a bullish scenario, in my opinion, Silver has more to gain than Gold.
And as we can see from the chart, XagUsd has spent the last part of December above important horizontal support from 25 and also above the descending trend line. giving us a clear bullish bias.
Last days of 2020 the price of Siver consolidated and formed a pennant which also gives us reasons to be bullish and hopes for a continuation to the upside.
My strategy is to buy dips around 26 and only a daily close under 25 would change my bullish outlook
Silver- short term outlookAfter reaching a top at 27.40, Silver dropped quickly to 25 zone support. The price acted like a falling ball, with this 25 as a floor and lower and lower rebounds.
On an H1 chart, we can see a small double bottom forming, with the neck-line at 25.50, resistance which coincides with the falling trendline. A break above would expose 26 important resistance in the short term.
I'm bullish as long as the price stays above 25 zone
Silver- 28 next?As usual, Silver is more volatile than Gold, and yesterday's 500 daily range on XauUsd translated in more than 2500 pips volatility for Silver. But, also here, nothing is changed from a medium-term perspective. The drop from 27.40, although very violent, is nothing more than confirmation for 25 as strong support.
At the time of writing Silver is trading stable above 26 resistance and I expect the bull run to continue towards 28.
On the short term, dips should be bought and the bullish scenario remains intact as long as we don't have a daily close under 25