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Silver / U.S. Dollar (per 0.01)Silver / U.S. Dollar (per 0.01)Silver / U.S. Dollar (per 0.01)

Silver / U.S. Dollar (per 0.01)

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XAGUSD_PER_0.01 trade ideas

Silver Poised for Breakout:Why $38 Could Be a Realistic Target?When it comes to medium-term speculation, Silver ( OANDA:XAGUSD ) can sometimes be more profitable than Gold, especially when your timing is right. I believe this could be one of those times. Since the beginning of August, when Silver found strong support and reversed with a bullish engulfing pattern, the price has been rising in a constructive manner. We've seen higher lows on the chart, with each broken resistance level being confirmed as new support. Currently, Silver is approaching a key resistance level and appears to be pushing for an upward breakout. Additionally, the price structure over the past few months has formed an inverted head and shoulders pattern, further signaling strong bullish momentum in the medium term. With the Non-Farm Payroll report just a few hours away and considering the strong buying pressure on precious metals, I expect this level to break. Based on the measured target from the pattern, a move toward $38 per ounce is realistic, which could mean a potential profit of 6,000 pips for those willing to hold this trade with patience. In conclusion, I plan to buy Silver with a year-end target, using $31 as the invalidation point, offering a solid risk-reward ratio of 1:6.
OANDA:XAGUSDLong
by Mihai_Iacob
18
XAGUSD - Time for breakout or Crash.In this meaning full time of Geopolitics that impacting world market,silver is steady on the basis of China's pbocs huge stimulus package n bullions uninterrupted buying surge by all central banks(gold) while industrial metals never been that far to reach at top. So,here is the deal. New quarter opened,gold n silver r pointing north but exhausted n hitting last wall of resistance here.but here's the point, technical correction required to carry that buying spree,so if evening data's supports here,we might seen another big rally towards north in both precious metals, silver buy will make a new high or else,we will see a bloodbath... So best wishes n good luck traders.
OANDA:XAGUSD
by ktra_commodities
BOS - Break of StructureBOS means Break of Structure . It happens when the price of an asset (like a stock or currency) breaks past a key support or resistance level, indicating a potential change in the market direction. Key points: Uptrend BOS: If the price breaks above a recent high, it could mean the start of an upward trend. Downtrend BOS: If the price breaks below a recent low, it may signal the beginning of a downward trend. Traders use BOS to spot potential trend changes and decide when to buy or sell.
TVC:SILVEREducation
by CTA_tradesmart