BUY SILVER (XAGUSD) - Price action entry strategy explainedTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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About Silver / U.S. Dollar
Silver Prices have been followed for centuries. Silver (XAG) is a precious metal used in jewelry, silverware, electronics, and currency. Silver prices are widely followed in financial markets around the world. Silver has been traded for thousands of years and was once used for currency backing. Silver continues to be one of the most commonly traded commodities today. Silver prices are highly volatile due to speculation and supply and demand. Ag is the chemical symbol for silver on the periodic table of elements and its ISO currency symbol is XAG.
SILVER Will Go Higher From Support! Buy!
Please, check our technical outlook for SILVER.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 31.396.
The oversold market condition in a combination with key structure gives us a relatively strong b
XAGUSD Silver: Is the Bullish Breakout Here to Stay?👀👉 Silver (XAG) has been gaining bullish momentum, with a clear breakout in market structure visible on the daily and 4-hour timeframes. My bias remains bullish, and I’m closely monitoring a retracement into the Fibonacci 61.8% zone for a potential entry. In this video, we take an in-depth look at S
SILVER - NEW BREAKOUT !Hello Traders !
On Thursday 24 Nov, The Silver reached the strong support level (30.07670 - 29.70850).
Currently, The price broke the last lower high (Change of Character).
So, I expect a bullish move📈
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TARGET: 31.93700🎯
SILVER (XAGUSD): Classic Trend ContinuationSilver is presently in a downtrend, moving steadily within a parallel descending channel on the 4-hour chart.
After testing the channel’s upper boundary, the price dropped, breaking a strong support level.
Now, a retest of this broken level is underway, suggesting that further declines are likely,
SILVER:Today's strategy to do low - based long
Yesterday's silver is also surging all the way, long and short rapid conversion, today's thinking to follow the trend bullish, back pedal is more opportunity, silver attention 30.90 is a new support, strong support 30.40, there is a chance to back pedal 30.90 long. The target is 31.3-32.6
SILVER (XAGUSD): Important Supply ZoneLook at the expanding supply zone on SILVER.
The highlighted yellow area is formed by a recently breached neckline of a head and shoulders pattern and an upward channel trend line.
I anticipate that the next downward movement could start from this zone.
Target price next - 30.60
Potential bullish rise?The Silver (XAG/USD) has reacted off the pivot and could rise to the 50% Fibonacci resistance.
Pivot: 30.01
1st Support: 28.82
1st Resistance: 32.14
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trad
SILVER Will Explode! BUY!
My dear subscribers,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 30.255 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 30.505
About Used Indicators:
Th
SILVER: First green dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
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Displays a symbol's price movements over previous years to identify recurring trends.