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Xagusdlong

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.
FX:XAGUSDLong
by ScottMescudiForex
4
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.
FX:XAGUSDShort
by Tickmill
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.
FX:XAGUSDShort
by Tickmill
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.
FX:XAGUSDShort
by Tickmill
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.
FX:XAGUSDShort
by Tickmill
1
Silver approaching major level of resistance, keep an eye out!Silver is approaching a major level of resistance at 16.31 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance) and a strong reaction could occur at this price to push price down to support at 15.62 (Fibonacci extension, horizontal swing low support). Our next major level of resistance is at 16.63 (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,3,1) is seeing major level of resistance at 99% where a corresponding drop could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAGUSDShort
by Tickmill
Silver approaching major resistance!Silver is seeing major resistance at 16.313 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance) and a strong reaction could occur at this level. The next major level of resistance is at 16.639 (Long term 38.2% retracement, horizontal pullback resistance) and the next major level of support is at 15.62 (Fibonacci extension, horizontal swing low support). Stochastic (34,3,1) is also seeing major resistance below our 99% level and stochastic could rise to that level before having a corresponding reaction. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAGUSDShort
by Tickmill
XAGUSD Silver Technical Analysis and Forecast September 11-15Silver Non-Commercial Speculator Positions: Large speculators continued to push their bullish net positions higher in the silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totalled a net position of 64,171 contracts in the data reported through Tuesday, September 5th. This was a weekly increase of 10,526 contracts from the previous week which had a total of 53,645 net contracts. Silver Commercial Positions: The commercial trader’s position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totalled a net position of -76,688 contracts on the week. This was a weekly decline of -11,100 contracts from the total net of -65,588 contracts reported the previous week. Technicals: The bearish movement has started in November 2012. On weekly chart, we can see that the bullish movement has just started confirmed by RSI and MACD as well. We entered the LONG trade earlier with the signals of indicators on smaller time frames and we had really good profit. The Same situation is valid for GOLD, Copper and Cotton. It is strongly possible that XAGUSD Silver will test 18.55 in this week or next week. Daily Chart: The current level of XAGUSD is 17.992. Price tested 18.20 ( Fibonacci Retracement 50% ) and pulled back. 17.60 is the Fibonacci Retracement of 61.80% 17.60 is the Fibonacci Retracement of 61.80%. We may see some pullback towards 17.76 and 17.60. We are bullish and we predict the XAGUSD price will test 18.55 in a few weeks and this level is very important resistance for mid-long term bullish movement. 17.73 and 17.55 are possible pullback levels for Monday and Tuesday. If the price breaks below 17.55, 17 48 will be tested. Our strategy is to keep our open LONG trades and leave pending BUY orders to above mentioned pull back levels. Our stop loss level will be 17.00.
FX_IDC:XAGUSDLong
by eacemi
XAGUSD LONG IDEAGot into this a little late, so I am just watching it now. Will not be shorting. If price hits my targets I will be longing it. If price breaks support or news comes out that will make me to think price will go down more. I will wait for it to hit $15-$15.50 before longing. Patience is key in getting the right price and making sure you turn a profit. There is plenty of time to get good trades, no need to rush getting in. I have seen people start to long already, which is way to early. As the price still has a ways to go till support, and could dip under support. Patience is key, keep your eyes on the market.
FX_IDC:XAGUSDLong
by ampatrick4
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
OANDA:XAGUSDLong
by DMequities