Xagusdsignals
Silver- back to 23.80 support?Silver is trading in a range for 2 weeks now with a clear ceiling at 26.50.
Bulls are unable to take control and drive the price above this level and XagUsd keeps rolling down to support
A breakdown seems imminent for Silver and short-sellers can have a target under 24.
Sell rallies above 26 can be a good strategy and only a clear close above 26.50 would negate this scenario
SILVER (XAGUSD) Buy signal towards the August HighPattern: Ascending Triangle on 1W.
Signal: Buy as the price rebounded right before testing the 1W MA50 (blue trend-line) with the RSI trading sideways supporting trading within the Triangle.
Target: 27.700 short-term (the 1.382 Fib extension) and 29.700 (August High).
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XAGUSD Buy SignalPattern: Channel Up on 1D.
Signal: Buy as the price rebounded at the bottom (Higher Lows trend-line) of the Channel and a Bullish Cross is emerging on the 1D MACD.
Target: 29.600 (the 1.382 Fibonacci extension).
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SILVER Buy SignalPattern: Channel Up on 1D.
Signal: Buy as the price is testing the 1D MA50 (blue trend-line) which is providing Support since December 15, 2020.
Target: 29.900 (August's Resistance) and if you are seeking more risk, then 31.500 (the 1.382 Fibonacci extension).
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Silver is forming an uptrendIt is possible that the silver on the top of this uptrend channel will be supported and there is a head towards the targets. If it is rejected from the candlestick and can not close above this resistance, it can fall to the medulla of the ascending channel and the reaction to this line can lead to breaking the resistance this time, it can almost be said that gold and silver are forming an ascending trend.
XAGUSD (SILVER) Trading planPattern: Channel Up on 4H.
Signal: Buy either after the 25.070 Resistance breaks or near the 23.160 Support.
Target: 26.000 (inner Higher Highs trend-line).
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XAGUSD H4. This Analysis Based On Price Action Theory.We Have an Analysis Of XAGUSD H4. This Analysis Based On Price Action Theory.
Pair is looking completely strong and heading to the north side full of bullish momentum. The swings are making successively higher highs and higher lows on the hourly and 4 hourly charts. Pair is trading above all the major and minor EMA lines which are favoring the bulls and heading towards the north side. RSI and MACD indicators are also favoring the bulls and heading to the north side full of bullish momentum. We will keep our view bullish on the pair as long as 23.80 level remains intact. Odds are in favor of bulls. The $25.00 level is the next arrival of bulls and a valid breakout of this level will open the way towards the $25.30 and $25.70 level.
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
shivamfx Technical Team
Note- Please Take Only Two ✌️ 2% Risk On Given Analysis
Will SILVER Collapse or Surge from here?Here, In the beginning, the trend was incremental. But after making a sharp peak, it converted into the descending one.
It started to increase by making arc-shaped strong support and fell from the peak.
The trend made an ascending triangle between the support trendline and resistance trendline.
If from the last candle of an ascending triangle, It moves in the upper direction, there will be an ascending trend, and the targets will be 26.4186 and 27.3800 .
But if it will fall after the ascending triangle, There will be a downtrend.
And targets will be 21.2500 and 20.2686 .
SILVER (XAG/USD) Day Trading Strategy & AnalysisSilver made descending triangle pattern and it's base range is 2.36 . Descending triangle pattern refer as a reversal pattern.
Currently, XAG/USD is in consolidation area, and playing at resistance trendline. This pattern has 1% chances to breakout upside. And if it will happen then we may see prices at $28.600 - $29.800+ .
DAY TRADERS:
In this situation, we should wait for the flat lower trendline breakout. And you can keep selling silver nearby LH level for support trendline (Target: $27 - $26.67060 ).
SHORT-TERM INVESTORS:
As I indicated in the chart, if the support trendline breakout happens then you can sell for target prices $25.85360 - $25.22460 - $24.44060 .
Please note before buy/sell you must identify fakeout, excess, or tail. If you need any help don't hesitate to ask, PM me.
XAG/USD (SILVER / U.S. DOLLAR) BREAK OUTTitle/(Date): XAG/USD
Asset: SILVER
Order Type: BUY LIMIT
Time Frame:4HR
Entry Price 1: $26.780 (Pending)
Entry Price 2: $26.480(Pending
Stop Loss: $26,280
Take Profit 1:$27.280
Take Profit 2: $27.780
Take Profit 3:$28.280
Take Profit 4: $29.280
Take Profit 5 $30.280
Status: 🚨Pending🚨 /🏃🏽♂️Active (Entry 1)🏃🏽♂️