Xagusdtrade
Silver- Eyes on 30Just like Gold, Silver also had a good start of the year with price breaking above pennant resistance and confirming its strong bullish trend.
As it was normal, 27.50 offered resistance and I believe this is just a pit stop in this uptrend
Yesterday Silver confirmed 26.80 as new support and I expect an acceleration to the upside once 27.50 is cleared
For this outlook to stay valid the price needs to stay above 26.50 and, as the title says, my medium-term target is 30
Silver- 30usd in January?As I said before, in a bullish scenario, in my opinion, Silver has more to gain than Gold.
And as we can see from the chart, XagUsd has spent the last part of December above important horizontal support from 25 and also above the descending trend line. giving us a clear bullish bias.
Last days of 2020 the price of Siver consolidated and formed a pennant which also gives us reasons to be bullish and hopes for a continuation to the upside.
My strategy is to buy dips around 26 and only a daily close under 25 would change my bullish outlook
XAGUSD (silver) AnalysisTechnical analysis shows a bullish move for silver in the coming days after the correction. The moving average is also a confirmation signal.
XAGUSD FOLOWING XAUUSDTHE SAME PATTERN ON XAGUSD IS FORMING ALSO ON XAUUSD.
REFER TO MY XAUUSD ANALYSIS YOU CAN SEE IT ASWELL.
Silver- short term outlookAfter reaching a top at 27.40, Silver dropped quickly to 25 zone support. The price acted like a falling ball, with this 25 as a floor and lower and lower rebounds.
On an H1 chart, we can see a small double bottom forming, with the neck-line at 25.50, resistance which coincides with the falling trendline. A break above would expose 26 important resistance in the short term.
I'm bullish as long as the price stays above 25 zone
Silver- 28 next?As usual, Silver is more volatile than Gold, and yesterday's 500 daily range on XauUsd translated in more than 2500 pips volatility for Silver. But, also here, nothing is changed from a medium-term perspective. The drop from 27.40, although very violent, is nothing more than confirmation for 25 as strong support.
At the time of writing Silver is trading stable above 26 resistance and I expect the bull run to continue towards 28.
On the short term, dips should be bought and the bullish scenario remains intact as long as we don't have a daily close under 25
Lost Money On Silver XAGUSD? Watch This Video To Learn Why!XAGUSD Silver has been a very profitable trade for us at the Sunday open, everything that we have detailed in our previous Silver XAGUSD analysis has unfolded to a T.
As I mentioned on the video, I was going to post a link for our other social media but just noticed that it violates the house rules, so I won't post any link here. Make sure you like & follow to never miss any other tutorial or forecast.
Here's the link to the previous analysis:
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 👎
XAGUSD is on way to break down trend.EMA200 and EMA100 keeps price at minimum 21. I do not expect XAGUSD go down below 21 as EMA200 and EMA100 is good support now.
XAGUSD was in down trend, it seems that it is time to break down trend and increase to TP points.
Silver- my 25 target is in focusAs I said yesterday, I expect 23.50 support to hold and bulls can target 25 for their long trades.
Silver was very well bid yesterday all through the day and every dip was bought.
Now Silver is trading 1% above 24 figure and I expect a new challenge of 25 soon. A break above 24.30 should accelerate gains towards this target
XAGUSD (Continuation) SHORT; SILVER SELL, ready to sink - again2nd chance to get on board or to reload those SHORTs.
Here is the previous post;
XAG preparation for Up-TrendXAG completed the double bottom formation. Now preparing for the uptrend. According to the elliot wave principle, the first wave is completed. Now it's time for the second wave. (The first target is determined based on the ending channel formation.)
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
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
Silver could dropIn yesterday's comment I said that 24.40-24.50 is the line in the sand for Silver and as we can see from the chart, XagUsd stopped its ascent just under this level.
Similar to Gold we can have a correction also here and a drop under 24 should clarify things.
23.50 and 23.00 could be good targets for bears with 1:3 R:R in the case you target the later.
On the other hand, a break above 24.50 would call for a 25 zone test (trend line)
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
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:)
Silver / XAGUSD Analysis For 19 Nov 2020Hi Assalam-o-Alaikum , Dear GooD Evening Hope you are well and enjoing your trading , i'm here with my new analysis of SILVER
Silver / XAGUSD Analysis For 19 Nov 2020
I hope my analysis will help you in your trading best of luck
share your point of view about SILVER in Comment Section , Thanks
Silver- should be sold above 25Like its bigger brother, Gold, Silver took a punch last Monday and the price dropped more than 10% in just one day.
Once it hit the ascending trend line Silver started to recover and managed to close the week above 24.30-24.50 congestion.
XagUsd remains heavy though, and I expect a new leg down soon.
I will look to sell rallies above 25 zone and only a daily close above 26 would change my bearish outlook
Silver- under 20 till year's end?Like gold, silver fell aggressively Monday after the vaccine was announced.
The price stopped falling just under 24 and into the uptrend line support, recovered some of the losses after and now is consolidating.
The chart structure is very bearish as long as the price stays under 25 and I expect it to break under support.
Such a break could drastically accelerate losses and we can see Silver dropping under 20 figure.
A sell trade with a SL above 25 could have a GREAT R:R of at least 1:5
