XAGGBP - Support & Resistance LevelsXAGGBP - Support & Resistance Levels with potential entry points in case of breakouts.
XAGGBP trade ideas
XAGGBP - BULLISH TRENDXAGGBP in bullish trend because it's making HH and HL and respect the trendline.
Silver priced in British PoundsSilver priced in British Pounds back testing a "wake up line" + important moving averages
Game starts above 20
#fintwit #silver #england
Silver priced in British PoundSo this happened in Q4 2022...
Confirmed quarterly breakout for silver priced in British Pounds (still below monthly defined breakout lines, resistance).
#fintwit #silver #gbpusd
SilverGBP Stack it Prior to a reversal, Powell will increase rates by 0.5 on 12th December. The bear trap!! A black swan event is in play. Everything will be crushed, and they will buy it back for pennies. With a bad scenario, silver could drop to $14. The real wealth lies in gold and silver. The modern world is not the place for your paper money.
XAGGBP All pointing in one direction You are aware that the silver paper market is a fraud. The exchanges and computers are under JP Morgan's supervision, so when they deem it appropriate, the price will rise. Silver is undervalued and is manipulated, as we all know.
Physical premiums will certainly skyrocket. If you don't hold on to your silver, it belongs to someone else. Similar to cryptocurrency, keep yourself secure.
UK is about to collapse, and unfortunately the pound died with the queen. There is a system in place that aims to reduce economic freedom. Your money will first be destroyed. Keep gold and silver on hand to safeguard your wealth. They have endured throughout time.
Silver : $100 $200 $500 ? be ready
Trade # 18: XAGGBP LongLong Position
Entry: 17.23108
Stoplose: 16.93725
TP: 17.52490
Long Position based on Dow theory and Bullish candlestick
#TradeWithMky Forex XAGGBP In this pair we have good Entry for short
as well Gbp is going long
silver is going short
enjoy
XAGGBP - triangle setup - breakout/downSilver is in a huge triangle formation for the last 11months. ? Bull flag.
Awaiting a break from this pattern.
Will it be up or down? I expect it to breakout to the upside. Let us see. Wait for confirmation.
Silver - XAGGBP - testing the resistance zone for a breakout Gold has recently move above the resistance zone as published in a recent post.
Silver is following suit and testing the resistance zone. The next few weeks will show if this materializes or not.
I am inclining towards long position - but would like to see the confirmation by a clear breakout.
XAG/GBP Mid- to Long-term ViewFirst chart published on Trading View - comments welcome but go easy :-)
Long-term view on silver / British Pound: Bullish for the next 6-18 months
QE and virus uncertainty weigh on global economic outlook so traditional safe havens remain attractive. With gold having reached its ATH recently, I believe silver offers more upside potential in the mid- to long-term, with a possible re-test of its ATH by end 2022.
As the UK struggles to hold on to the limited progress made against COVID-19 and hope of a comprehensive EU trade deal by the end of 2020 begins to fade, mid-term downside potential for Sterling could be positive for XAG/GBP.
Target buy range £17.70 - £18.64
NOT INVESTMENT ADVICE - just my humble opinion
Silver Bear Trap/Capitulation?May be a little preemptive looking at the monthly candle like this before close (in a few days). Looks promising. Can't get any physical silver cheaper than around £20/ troy ounce at the moment either; showing massive divergence between physical and spot prices!
Silver Daily Guppy GreenIn the squeeze beneath a downtrend and approaching ascending support -Breakout imminent
Silver - XAGGBP - correction then bullish - too obvious?According to this count Silver (priced in GBP) is due a correction but it would also suggest that we can expect a 5th wave up to complete the move. The only question I ask myself in this case is if this is way too obvious and easy and therefore to expect something completely different to unfold.
Silver Daily GannHitting resistance on the 3rd arc pair on the minor chart and the 4x1 Gann fib ray on the major chart - Today's candle has caught support on the 1x2 fib ray on the minor chart, if support here fails the price will look for the 1x1 fib ray beneath
Silver in British Pounds has a major turning point ahead!Hard-Brexit and the upper trendline will be broken.
Soft-Brexit and the lower trendline will be hit again but due to strong support at this level I feel it is unlikely to be broken.
Silver in Great British poundsLooking bullish. If GBP rallies at the same time, silver could go straight up for a while.
SILVER/GBP 1D EVE/ADAM PATTERNShort term target £13.20,beyond if golden cross of 50EMA over 200MA holds,eve/adam pattern description and possible extensions to support and resistance. Looks like handle extension impulsing to recent adam structure price extension,confirming the bottom enroute as indicated on the chart
XAU/GBP – Double top neckline piercedSilver’s day end close below the double top neckline level of GBP 14.514/Oz with daily RSI at 40.00 suggests the prices are likely to drop further to GBP 13.74/Oz (June 24 high).
However, 5-day losing streak has left prices oversold on intraday charts, thus a minor rebound from GBP 14.327 (23.6% of Dec low – July high) could result in a brief jump above neckline level of GBP 14.514, while selling would gather pace once prices dip below 23.6% Fibo level.
