Xagusdbuy
Silver- Where to buy?After breaking above the trend line resistance on Friday, and confirming the drop under 22 as a false break, Silver has riched a high around 22.7
Now XagUsd is in a normal correction and this can be a good opportunity for bulls to load long positions
A good place for this is 22.30 support and a break back below 22 would invalidate this bullsih scenario
23.50 could be the target
Silver- Buy dips is my strategySimilar to Gold, Silver also has reversed strongly yesterday and at this moment is trading in confluence resistance as well.
A break to the upside would confirm reversal on medium-term and also a false break of support
Buy dips is my strategy and I will remain bullish as long as the recent low is not violated
XAGUSD growing from the support, time to buyHello Traders Welcome back to another profit day
If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions
Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
XAGUSD touched on the support zone i think there will be a buy chance
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profit week guys
Silver- Ready to break above resistanceUnlike Gold, Silver is in a clear uptrend, with the price putting in higher lows and higher highs since the beginning of December.
The spike to 30 from the beginning of February is now corrected and XagUsd looks ready to resume it uptrend.
At the time of writing Silver is trading at 27.55, just under 27.80 resistance and a break above resistance can lead to a new challenge of 30 zone.
Silver is in a clear uptrend as long as the price stays above 26 and dips should be bought
Silver- To maintain its strong bull trendAs I said in a lot of my previous analyzes, Silver is more bullish than Gold and although XauUsd lagged and stayed under 1900 and weel under its all-time high, XagUsd spiked to reach 30.
As normal a correction followed and Siver dropped over 15% to 26.
From a technical perspective, the structure remains strongly bullish and 26 is strong support at this point.
My strategy is to buy dips towards this support and 30 can be the target in the medium term
SILVER - The ShiningSilver intermediate cycle bottomed with gold on the 30th November.
Silver didn't have that serious decline at the end of the last intermediate cycle
like gold.
Notice that we were in a consolidation box for 4 months and today we broke out.
Is it too late to enter the party?
No. We are still early in this game and I think silver will run to 42 and maybe to 50 in the following 3-4 months.
I've already posted my thoughts regarding the XAUXAG ratio:
If you are looking for targets in silver I suggest to read the idea above .
If you are not in a position yet I would wait for a backtest of the consolidation box at 26.00$. If you already in a position I would increase the position size at 26$.
We have a lot of time in this trade before we have to worry about a top.
TSI is just turning up and RSI just reached the overbought territory.
RSI can stay overbought for a month or more just like last summer.
I will set this idea as a long idea as we broke out of the box but I would wait for a backtest at 26$ before entering.
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 👎
XAGUSD Long / 7+RR Day, maybe Swing, TradeOk so we are long on XAGUSD, also long on NASDAQ and a few other pairs, no time to go over that right now.
I believe that XAG and XAUUSD can reverse to the upside in the coming hours and trading sessions.
In this reticular trade, we have the following:
- Entry at the fibs with selling price action slowing down
- RSI in the lows
- A trendline acting as a resistance, which can break with solid momentum
Not much more, our trading strategy is simple and easy...
Good luck trading this week!