Silver Chart in AUD is breaking out.My take on Silver.
I'm on the same scenario again but this time it's on Silver.
I want to go long on gold when it reaches its all-time high in Australian dollars around 2023. I didn’t pull the trigger because I thought it was too late. You never know if you’re late until the price moves higher or lower. The RANGE indicator (BLUE line) helps me decide the best time to buy gold;
You get one or two chances in a decade to buy gold. If unprepared, it’s not late, but the reward shrinks. Gold has no risk—it’s real money.
This time, its Silver. After the gold price reach new high it almost doubled in AUD. The Silver are in new high in AUD but not in USD.
From what i observed, USD is the last currency go all time high on gold and silver. If silver price will go $50 USD, what do you think the silver price in AUD?
I am targeting Silver miner as they give you more leverage than physical metal and i already have a Silver position since 2021.
The 3 month BREAKOUT chart is closing above the diagonal trendline which is why its called breakout indicator. Once it breaks it, the price moves significantly.
XAGAUD trade ideas
XAGAUD - Long SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key swing low and left untouched swing high.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher.
Your success is determined solely by your ability to consistently follow the same principles.
What’s Flowing: XAU/AUD Bullish MomentumKey Observations:
1. Support Levels Hold:
• XAU/AUD has established strong support near 46,800 AUD, forming a base for a potential rebound.
2. Trend Reversal Indications:
• Volume Profile Analysis indicates buyers stepping in around the Point of Control (POC), confirming accumulation in the lower range.
• A breakout above 47,637 AUD highlights bullish momentum gaining strength.
3. Bullish Targets:
• Short-term target: 48,253 AUD, aligning with the Value Area High (VAH).
• Extended target: 50,000 AUD, should momentum sustain.
4. News Flow Insights:
• Positive sentiment in gold markets due to global uncertainties and potential rate adjustments.
• Market talk highlights consistent buying, especially in regions with heightened demand like India and China.
5. Risk Management:
• Stop Loss: Below 46,800 AUD.
• Take Profit: Incrementally at resistance zones (48,253 AUD, 50,000 AUD).
Context:
XAU/AUD reflects a favorable environment for safe-haven assets amidst global market uncertainties. Gold’s bullish seasonal trend adds strength to the outlook.
This is an excellent opportunity for traders and investors seeking upside exposure. Stay tuned for updates!
XAGUAD is going into bearish trendThe XAG/AUD currency pair is currently indicating a bearish trend, suggesting that the price of silver is weakening against the Australian dollar in the market. This downward movement may be influenced by various factors, including negative sentiment towards silver, strength in the Australian dollar, or economic indicators favoring the Australian economy over silver markets. Traders and investors observing this trend might interpret it as a signal to potentially sell XAG/AUD positions, anticipating further decline in the value of silver compared to the Australian dollar.
XAGAUD A1+ setup. Perfect alignment for a squeeze to the upside!XAGAUD recent price metrics is conveying a rare but beautiful A1+ setup. One of my favorite patterns of identification of a short squeeze -- and this pair is showing that characteristic now.
Based on recent 4h price data, XAGAUD is very near at entering the heatzone. A break in structure of that area would mean a very strong momentum to the upside.
A 300 + pips growth prospect is expected on this attempt. Target set at 38.5
Spotted at 35.30
TAYOR.
MACD ReLoaded Strategy - INDICES & METALS BacktestingThe pair and the time frame you see is the winner in the INDICES-METALS category with profit factor criteria
From 4032 results we have for this strategy :
* 1927 results with Profit Factor > 1
* 168 results with Profit Factor>1 and Sharpe Ratio>0
* 6 results with Profit Factor>1 and Sharpe Ratio>0 and Percent Profitable>50
* Best timeframe : 3m with 10 pairs
* Best pair for all categories : OANDA:BTCUSD with 20 / BINANCE:BTCUSDT with 18 timeframes
* My rating for this strategy is : 0.1488%
Check my posts for all instrument categories
1st (FOREX), 2nd(CRYPTOs) and 3rd(INDICES/METALS)
I will split each strategy backtesting in this manner
I'm talking for strategy
MACD ReLoaded STRATEGY (by KivancOzbilgic) Jul 04, 2021
I test 29 Forex pairs from FXCM, 51 Crypto Pairs from Binance and 46 CFDs Indices and Metals from OANDA
In total 126 pairs using 32 !!! timeframes
1,2,3,4,5,6,7,8,10,12,15,17,20,24,25,30,45 minutes
1,1-1/2,2,3,4,5,6,7,8,10,12,16,20 hours
1 and 2 Days
In total 4032 results per strategy
I like profit factor and Sharpe ratio as my main guides but also percent profitable does matter
The results of forex were with 1000 contracts, default currency USD and 0.07 USD per order commission
At Cryptos i use 1 contract, default currency USD and no commission because most cryptos are spread based.
At Indices i use the same details as Crypto.
I didn't touch any settings at the strategy for all three ideas (only the backtesting starting day where i maxed out the available data)
I can't post direct links according to house rules, since i love TradingView and i play with their rules.
However my profile links and my signature may help for extensive information.