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Xagusdlong

Silver - Continuation @ridethepig Silver Market Commentary 16.12.2020 => It was no struggle for buyers to take out the diagonal resistance. Then, what comes next is a paralysing advance. Should some sellers wish to continue holding once the initial targets are hit then we can see capitulation. This is a typical continuation flow with Fed which can be played here. The bid will advance from here and cannot be prevented in the short-term. This will now move with Gold and show bare the base of the retracement. The correct manoeuvre here consists of holding and working longs, enough to allow 26.0x (+10%) and 28.9x (+23%) above. Swing the bat and go massive when the positions starts working. Thanks as usual for keeping the feedback coming 👍 or 👎
FOREXCOM:XAGUSDLong
by ridethepig
2
XAGUSD is facing bullish pressure, potential for further upside.Description: Price is facing bullish pressure from our pivot level and showing room for possible further bullish momentum. We see a medium probability bullish scenario above our pivot 23.8229, with 1st resistance at 25.0226 as a possible target. Failure to hold above pivot at 23.8229 would see price swing the other way towards 1st support at 23.5266. Pivot: 23.8229 Supporting Points: 23.6% Fibonacci retracement, Graphical swing low support, 100% Fibonacci extension 1st Support: 23.5266 Supporting Points: 38.2% Fibonacci retracement, Graphical overlap support 1st Resistance: 25.0226 Supporting Points: Graphical swing high resistance Trading FX & CFDs carries high risk.
SAXO:XAGUSDLong
by M4Academy
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
XAGUSD has loosing the powerXAGUSD has a falling trend and it is losing its power. For the 1d graph, it has lower highs and a "falling triangle". Also, shoulder-head-shoulder formation and double pick were seen in the short past. They indicate weakness. I'm more close to short but before taking a position, it must wait for a confirmation. Short opinion: If it will break the support ($20-22), the target will be $18.5. Long opinion: If it will break the falling trend, because of flag formation, the target will be $35 with a 50% gain. It is not an investment suggestion. Please be careful with your decisions.
OANDA:XAGUSD
by akadal
2
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
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