#XAGUSD Signal Monthly We are looking at a model of XAGUSD (Silver) On the monthly chart :
Clear and confirm Double bottom
we recommend buying now-Entry price: 15.47
Stop Loss: 15.00
Take Profit: 16.20
Xagusdbuy
Buy Silver Long Term - XAG/USD BullishWith the current situation going on in the world with trade wars among the highest economies and NATO and Russia kicking off some of the largest military exercises since the end of the Cold War, we can expect the price of metals to increase for the next few weeks as people would cash out their money from their banks and invest in a commodity because of the current uncertainty of the ongoing situation. breakingdefense.com
From the technical analysis side, XAG/USD is at its lowest since 2009. It hit this level 3 times since then. Once in 2015, next 2017 with its sudden crash and finally now.
It has been retaliating its bearish trend since half September and is currently trying to find support on top of the 50 EMA.
As it's in consolidation between the 50 EMA and 200 EMA on the 8H chart, we can expect a big move to happen eventually. Most probably to the upside. Give it some more time to confirm it's support on top of 50 EMA (A day or more) and you can invest.
The same situation is clear for any other metals. Wether it's XAU/USD or XCU/USD, it is the beginning of the reversal of it's multiple months of bearish trend. Although, for XAU/USD we would need to wait for it to pullback and find support for it to continue up higher.
*My point of view on what is going on and the interesting opportunity to arrise with the increase in price of commodities.
Make sure to do your own analysis before making any investment and never solely on the opinion of someone else.
Trade safe.
Silver testing major resistance, prepare potentially strong dropSilver has broken our long term ascending support-turned-resistance line stretching all the way back to December 2017 and has made a pullback to this level. This is always a good sign that bears are forcing their way back into the position. The overall momentum remains overwhelmingly bearish. This break of our long term support-turned-resistance line has triggered a potential bearish drop from here below 17.03 (Fibonacci retracement, horizontal pullback resistance, bearish exit) for a push down to 16.21 support (Fibonacci retracement, horizontal pullback support).
RSI (34) has made a similar break of its long term ascending support-turned-resistance line signaling that a change in momentum is expected. We are also seeing strong bearish divergence vs price which signals that a potential reversal is impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD : NO FEAR - PART 2Hi traders,
With the barrage of negative US data we been receiving, with gold showing that this run isn't over yet, with DXY showing overall weakness against all other majors.... I'm calling long from here.
Also that previous wick tells us that the bear are in control. everything else is pointing the other way. We also have a nice bounce off FIB extension from here which gives a nice technical aspect to this trade.
XAGUSD LONG
ENTRY : 16.97
SL : 16.858
TP : 18.57
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Silver testing major resistance, watch for a reversal!Silver is testing major resistance at 17.21 (61.8% Fibonacci retracement, horizontal swing high resistance) and a strong reversal could potentially occur at this level to push price all the way down to 16.21 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 96% and a recent bearish exit signals that further downside movement could occur on price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD : TWO MAN SOUNDHi traders,
Due to personal health problems, I'll keep this short. I still wanted to update you with some forex analysis for the support you all shown me.
DAILY CHART = LONGER TERM TRADE
XAGUSD LONG:
ENTRY : 16.973
SL : 16.824
TP : 18.239
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade
SILVER LONG IN PROCESSSilver completed abc pattern on daily time frame
Silver paused on Daily TL and then created a reversal channel formation
then broke out of down channel creating an impulse move up, Price pulled back into bullish order block, cleared stops and now possible up trend in play
my buy order was set 16.464 which was the bullish order block from where price broke out of the down channel. it got triggered on the pull back after impulse move out of reversal channel
entry: 16.464
SL: 16.100 (dynamic stop)
TP: 17.1325
More high possibility for Silver's upside graspFreshly trading its prices right in-between the 8, 21 EMA and 200 SMA, the XAGUSD (Silver) decidedly formed a bullish fakey pin bar suggesting for the continuation of prices higher. This is a strong signal I'm willing to enter on. despite my ongoing trade.
