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Xagusdlong

Silver -> The Bounce Is InevitableHello Traders, welcome to this free and educational multi-timeframe technical analysis. The last three weeks Silver perfectly tested a quite obvious previous weekly support zone, which was now turned resistance and with this weeks candle the market finally rejected the zone towards the downside. Considering the fact that we are now testing an insanely strong weekly support zone, I do at least expect a short term short covering rally towards the upside, after Fridays harsh dump towards the downside. From a daily perspective we are also close to retesting previous support, so I am now just waiting for a deeper retest of the support zone, before I will then enter a long position on Silver. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAGUSDLong
by basictradingtv
44
XAGUSD - Waiting for a breakout … for the week of 02 Jan 2023Silver has been steadily making its way to the up side since mid Dec 2022. At the top it has been contained around the 24.24 level, while it has been consistently making higher lows. This kind of price action is similar to a spring that is coiling up and it will have a strong release. I expect this coiling PA to continue for a few days still. If this works out as I expect, we should see higher lows continue to be printed, while being contained above the 20 ema for some time. Then a break out should occur. Entries can be at the point of breakout or if/when a retest occurs. The 1st target can be 25.35 region with the potential to seek 26.36. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
EIGHTCAP:XAGUSDLong
by Trading_Vista
2
SILVER (XAGUSD) - LONG Position - SwingI am going long on XAGUSD (Silver). My Elliott Wave count points me to a C leg in an Impulse or Diagonal as the next possible move. XAGUSD Long - Technical Analysis: - ABC (Minute (orange)) sequence - Bullish Bat Harmonic - Bullish Divergence - 78.6-88.6% Fibonacci Retracement of Minor A (white) - 161.8% Fibonacci Extension of Minutes A&B (orange) Silver Buy Orders - Trading Signal: Entry @ 18.10 SL @ 16.40 TP @ 20.00 / 21.40 / 21.80
OANDA:XAGUSDLong
by Lionheart-EWA
13
SILVER BULLISH PATTERN EMERGINGXAGUSD is in the process of formatting a rising wedge pattern on the daily graph which might give a bullish momentum for the instrument in the next couple of days. The weakening of the dollar is also making investments in precious metals more desirable for the investors. RSI indicator is strongly confirming the outlook, being above the 50 neutral line, the confirmation of MACD is weaker, with the histogram still below the 0 value, but still rising. If this trend continues, the price of the instrument might try to reach levels of 21.725, but on the other hand, if the trend reverses, the price might test its previous support at 21.333 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
OANDA:XAGUSDLong
by legacyFXofficial
Buying Silver at trend of higher lows.Silver - Intraday - We look to Buy at 21.62 (stop at 21.37) Dips continue to attract buyers. Bespoke resistance is located at 22.69. Due to an Ending Wedge formation, we continue to treat extended gains with caution. The trend of higher lows is located at 21.53. Bespoke support is located at 21.62. Preferred trade is to buy on dips. Intraday signals are far from strong. Our profit targets will be 22.36 and 22.56 Resistance: 22.24 / 22.69 / 23.00 Support: 21.62 / 21.53 / 20.78 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAGUSDLong
by OANDA
XAGUSD | New perspective With the identification of a reversal pattern above a strong demand zone in the 4H timeframe, I am of the opinion that we might be witnessing buying traction during the course of the new week's trading session. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAGUSDLong
by darcsherry
XAGUSD#FOREX #XAGUSD Silver falsely broke through the corner (but made it possible to make good money on its breakdown) and returned to the zone of uncertainty. We are waiting again. Now the price is trading at the level of concentration of horizontal volumes - ROS. It is sandwiched between two important corners (red and red). Slight probabilities are in favor of a downside (red scenario) due to a sustained mid-term downtrend and a weekly RSI below 50-60. Also, such false breakouts, as highlighted in blue, indicate the weakness of bullish sentiment, and the need to collect liquidity before moving further along the trend. In favor of growth, we can note the formed parabola (yellow), and the fact that the key global red corner is still held. If the price manages to consolidate above the red angle, then it will continue its upward movement along the parabola to the Gann angles at ~23.2 and 24.6 By and large, like many other financial instruments, silver is in an area of ​​uncertainty when volatility is compressed. This means one thing, that we will probably soon get a strong movement in one of the directions. Then it will be possible to stand in the desired position with a larger volume. In the meantime, you have to significantly reduce the volume and trade small movements. *This post is not an investment recommendation or a trading recommendation.
OANDA:XAGUSD
by airstels