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Xagusdlong

Silver: Long strides aheadThis is an update to the revision of my Silver analysis a small month ago. I will try to do more frequent updates from now on. Yesterday's and today's price action leaves, in my opinion, zero doubt that we left behind a long-term market bottom. I think the large ABC correction is behind us. The market found support at the trend line that was established earlier this year and the 200 SMA. If my analysis is correct, then we could now be at the start of a huge 3rd wave up. The first leg took us from a little less than 14$ per ounce all the way up to a little more than 21$ at the top. Look for stabilization above the resistance line I drew; this could provide a very lucrative long-term long position! Trade with care and always respect your stop-loss!
FX_IDC:XAGUSDLong
by Al3x
XAGUSD BUYLong, take @ your own risk good R:R in my opinion and shorts are now extended, this is a short term trade I am looking to enter during the asian session, as long as prices remain above 50% fib before the asian sesh i will be looking to go long around those levels. if your an aggressive trader you can enter @ current levels. But do so @ 30% of your regular lot size. Remaining 60% should be entered @ 50% fib ***This does not constitute as investment advice, your responsible for your own losses and gains, this is just my Personal view on the market
FX_IDC:XAGUSDLong
by thecrackking
Silver: Revision previous analysisThis is a revision of the previous analysis that I did on Silver. Let me start off by making clear that I am still very much a bull on Silver. The price action looks very impulsive since the start of this year and does not really fit in the price action of the multi year bear market before that point in time. Therefore I revised the wave count to give you some idea of where we are heading in the bigger picture. Note that a sharp second wave correction is nothing unusual at the beginning of a strong bull market evolving. Everything will depend on whether or not Silver comes back roaring after this correction. It should, because third waves are very impulsive and violent moves. The correction should end somewhere this week, so it will not be long until we know where this market wants to go.
FX_IDC:XAGUSDLong
by Al3x