SILVERxagusd potential "price-time roadmap" big down wave might b coming soon or already started, before a continuation to the upside!
XAG
Very ExcitingLooks like AG is trying to breakout.
If we can push tomorrow to $15, we will most likely keep going much further from here.
$20 should come as silver continues it’s upward push to $30+.
(Not financial advice, just my opinion)
Silver - Don't rush into 2021 with precious metals!!FINALLY - Are you ready to conquer 2021?
I want to start this post by saying 2020 was indeed a very difficult year for many including myself the changes were and are very difficult but there were a lot of trade opportunities and this will carry onto 2021. I have posted on our YouTube channel 2021 Yr outlook - If you're interested message or comment down below - A Link will be sent to you.
Overall outlook for precious metals. There will be a pull back due on most of G10 FX Pairs, commodities & Precious metals . 2021 - Overall outlook 30-4O price for silver longer term view. Yes, I am bullish.
Silver Daily:
Key support areas:
1. 24.60
2. 23.30
3. 22.40
Key Resistance areas:
1. 26.70
2. 27.80
3. 28.50
2021 - There will be many exciting changes that will be implemented to Trade Journal. Private Trade Ideas will be now posted, uploading videos on our YouTube account and many more exciting steams on various social media platforms - Stay tuned! We are bringing you more content to boost your trades to the next level. If you'd like to grant access to all these updates, which are FREE - message us, comment down below, give us a like and we will be sure to contact you as soon possible!!
Key Tip - follow your trade plan, execute wisely and don't get emotionally embedded into any trades you take ever.
Lastly, I do want to wish you - Happy New Year! It's time for us all to have an exciting and very prosperous year ahead of trading!
Best wishes,
Trade Journal (TJ)
Remember: Just trade idea, not a recommendation.
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 21.90, resumption of uptrend is expected.
We make sure when the resistance at 27.40 breaks.
If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 23.55 on 12/11/2020, so more gains maximum to Major Resistance (27.40) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 62.
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💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 21.90, resumption of uptrend is expected.
We make sure when the resistance at 27.40 breaks.
If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 23.55 on 12/11/2020, so more gains maximum to Major Resistance (27.40) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 62.
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Silver - BearishSilver - Harmonic
8 EMA confirmation on 5M tf.
Heading toward 25.4 level.
SellStop: 26.606
StopLoss: 26.836
TakeProfit_1: 26.114
TakeProfit_2: 25.705
TakeProfit_3: 25.416
XAGUSD: SILVERXAGUSD
The downtrend line has been broken
Buying in the area of 24.88 - 22.93
1 - 27.43
2 - 33.86
3 - 39.88
4 - 46.9
Stop, fixing below 22.2
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Waiting for your comment, what do you think about this?
XAG seems like forming a bullish flag?XAG hold at longterm support area and start to bounce from there.
And now seems like forming a bullish flag with a possible target at around $45.
Support is still seen at $21.
Trade Cautiously.
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 21.90, resumption of uptrend is expected.
We make sure when the resistance at 26.00 breaks.
If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
A trough is formed in daily chart at 23.55 on 12/11/2020, so more gains maximum to Major Resistance (26.00) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 65.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
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💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 21.90, resumption of uptrend is expected.
We make sure when the resistance at 26.00 breaks.
If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
A trough is formed in daily chart at 23.55 on 12/11/2020, so more gains maximum to Major Resistance (26.00) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 65.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
$XAGUSD - Inverted H&S and important breakoutHi guys! 👋🏻
🔔 Silver confirmed an important brekout from the descending channel.
🔔 A pattern to watch here is - Inverted Head and Shoulders
🔔 Biden will push the stimulus bill as Covid cases in the US hit new record highs. It's time for gold and silver to shine again.
🔔 Currently, silver is testing the neckline, might retrace a bit and later continue the uptrend.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Correlation between TNX and XAU & XAG !... We observe that starting from 1st April until 3rd August , TNX has dropped continuously and XAUUSD increased as a response to this action.
In a similar way, TNX has been increasing gradually since early August , and there is a pullback in XAUUSD.
In my opinion, the destiny of Gold ( or in general ) precious metals ( i.e. XAGUSD as well ) is highly correlated and dependent on the TNX ( 10-year treasury note yield ).
So, in the next two weeks, I will be watching TNX closely to take a position in Gold ( short or long.. ) we will see..
Please keep in mind that TNX is forming a triangle here and I see higher-lows in the past two weeks. Breakout level is around 1.00 - 1.10 I think...
( This is my own view and definitely not a trading advice. )
XAGUSD is bullish XAG is still bullish for last 2 weeks and stays for that it can show some corrections but its bullish for a high possibility
SILVER : Tentative Signs of LiftoffSilver had its best day today since August. However, I’d still like to see 26 get taken out and a close or two above there to set up a test of ~30 next. Fail and anything is possible.
ridethepig | Silver finding a floor?📍 Consider the following chart, which arose after the waterfall alerts triggered :
As the main map, sellers now chose the ABC sequence, with profit taking already being done and sharp buyers also deciding to step in with an early attack.
Continue looking to play longs to shake the reluctant sellers stops at the considered centre. It is no revolutionary idea, simply corresponding with the latest moves in Gold:
Use 23.5x to build into, it does not look promising for sellers after the defence and their stops are clearly located at 26.0x and 28.9x. In other words:
Buyers know their positioning is now weak and the base is secure.
Of course other events can cause on base to appear softer than usual, so the transfer of newsflow around vaccines back towards a collapse in public sector confidence, is rather a natural weapon these days.
As usual....Thanks for keeping the feedback coming 👍 or 👎
Silver - Continuation @ridethepig Silver Market Commentary 16.12.2020
=> It was no struggle for buyers to take out the diagonal resistance. Then, what comes next is a paralysing advance. Should some sellers wish to continue holding once the initial targets are hit then we can see capitulation.
This is a typical continuation flow with Fed which can be played here. The bid will advance from here and cannot be prevented in the short-term. This will now move with Gold and show bare the base of the retracement. The correct manoeuvre here consists of holding and working longs, enough to allow 26.0x (+10%) and 28.9x (+23%) above. Swing the bat and go massive when the positions starts working.
Thanks as usual for keeping the feedback coming 👍 or 👎
