Silver (AUD)- Daily chart. Likely respect 50% retracement. Silver (AUD)- Daily chart. Likely respect 50% retracement.
XAGAUD trade ideas
Silver (AUD) - Symmetrical triangle consolidation. Silver (AUD) - Symmetrical triangle consolidation.
Silver (AUD)- Symmetrical Triangle on the daily chart.Silver (AUD)- Symmetrical Triangle on the daily chart.
Breakout soon.
XAGAUD @ 24°Increase in the price of silver (AG) has risen AUD$4.09 from its low on 24 September 2020. Subsequent peaks and troughs through 17 October have remained within a 24° band. Extrapolating this sees a further increase through November with resistance at AUD$36.70 and then at AUD$37.88. The price could still go up beyond that. How far that goes I'm not sure. Several things, of course, will have an impact on that - the US election chief among them. With an efficient (and peaceful?) transition of US administrations, there won't be too much of an issue. So much so, there may even be cause to anticipate a downturn in the price of silver with downward resistance at AUD$32.40.
The extremes are just that - it's unlikely we'll see AUD$40.00 silver, and if the price rockets it'll stubbornly sit under the forty dollar mark. In the other side, a low of AUD$30.00 is not out of the question albeit unlikely.
XAGAUD Bearish SND Set-upSome bulls are there -it needs monitoring, and if price breaks above the dsl line then the set-up will be invalid.
Bearish interests.
Silver (AUD)- Monthly chart. Forming Double bottom.Silver (AUD)- Monthly chart. Potentially forming a Double bottom .
Note over head resistance (yellow line)- 4 failed previous attempts.
Yellow line also coincides with 38.2% Fib retracement from the 2011 highs. So a very important line to break to complete Double bottom .
Silver (AUD)- Monthly chart. Forming Double bottom.Silver (AUD)- Monthly chart. Potentially forming a Double bottom.
Note over head resistance (yellow line)- 4 failed previous attempts.
Yellow line also coincides with 38.2% Fib retracement from the 2011 highs. So a very important line to break to complete Double bottom.
SILVER AUSSIE - SHORTS IN PLAY?Watch the yellow box I have here for another restest and see what happens. I am predicting an expanding flat , that is almost complete in this zone (we love trading the END of corrections) for more downside. At least equal bottom, more could come though.
SILVER AUD Short Term Trade Coming In TonightThis clearly looks like the 5th wave down, so I always set TP to the equal bottom with the last move for upmost safety. That red line you see is a daily price action structure line, so for sure going to see some interaction down there again.
Silver/AUDSilver to re-test $24-25 with first target $34. shaping up as world markets looking worrysome.
xagauda second silver break on AUD a good signal and a confirmation of the up silver move
b wishes
Nidal Alzubaidi
Silver Silver
Silver on the weekly chart is finding support at the $24 AUS level.
We see an trend line holding (.0382 Fib Retracement)
Holding above the 30 EMA line
For a confirmation to buy more we need to see:
A bullish MACD crossover
ADX Green bars and momentum to increase.
Silver this year ran a maximum of 28% (currently 23% since January 2019)
XAGAUD - Silver, the bulls are backHey guys welcome back. This week we will be looking at silver. If your liking the charts so far show some support and give me a follow. Likes and comments are also appreciated.
Currently I have SilverAUD as a long. The reasoning? well call me crazy but last I checked inflation was running ramped. Although it has not hit the market as of yet due to the distribution of this freshly printed fiat pouring into certain assets cough* "The property market". Now with that said silver and gold has never looked more appealing. Why, because you can't print metals. This idea is Australians will look to shelter their money into another assets once a certain market started to pull back. Ta wise Silver is looking extremely bullish, as depicted on the chart. My current count has us at wave three, with wave four completing.
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Xag Aud Short Set-upSilver to the Aud 4-hourly, Because of the 28.00 high, -bearish interests.
* Until next time, next year, happy trading.
All our Forex shared set-ups are speculative and not guaranteed, analysis and ideas of a chart belong to Charts34T ; - it is not a market advice. You are both responsible and liable for your own account.
XAGAUD long_term_longsilver may go strong in a long term, and aud may not performance well. So, XAGAUD may be a good pair. target 1 is 28.
Break of structure - Long Silver AUDEnter on break of last swing high
Break coincides with prior week high and soon to be prior month high.
Same objectives as Silver USD, EUR, CAD
XAG/AUD - Another lovely down trendHere is another lovely down trend in play and another cross I am stalking. I'm waiting for a small bearish candle to present itself to me in the cradle zone, then will play a short trade if it's there. I like how the price is nearing in on the previous level of support/resistance. I'd like to see it test that level before bouncing to the downside.
We have convergence all the way up to the daily, as well as the trend in our trading direction.
I'll stress to you that I'm sitting and waiting to see what happens with this trend, I know what I'm looking and waiting for and will not settle for anything less.
If you're interested in learning the methods I use, visit; www.tradercobb.com
Peace, and remain patient.
