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Xagusdidea

SILVER - LOOKING FOR THE LONGSilver is at support with 9th Aug. It is also at a 1.272 reversal (Orange). This is our first chance to go long (1st yellow bubble). First target will be the breakout lower at 23.360 If the price action remains bearish the next support and next opportunity to go long will be at 22.00 (2nd yellow bubble). This is a very important support. If it breaks there will be no support until 19.4 - this also happens to be a 1.272 reversal of the last major bullish swing (Pink 1.272) - from 24/09/2020 - 01/02/2021. We get three shots at this. Stops will be important as will the price action.
FOREXCOM:XAGUSDLong
by enzenator
1
SILVER : ARE YOU LOOKING FOR A REVERSAL OR JUST A PULLBACK?Silver managed to breakout of a week of sideways trading last week, ending the week high at 24.87150. However, on the weekly chart, silver has already made a new bottom, and the current rise is probably a short-term retest of the previous weekly high 24.87150 So, if there is a rejection at level 22.72450 and a breakout at 23.59300, I see a chance to short-term long till 25.17450 or 25.80050 before shorting again and targeting 21.03248 Yes, the short position is still favoured. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all
OANDA:XAGUSDShort
by mytw0cents
Silver- Strongly bearish under 22.50Yesterday I've argued that Silver can drop hard if it breaks the flag pattern. After the spike on FOMC XagUsd has dropped again, giving us a clear signal that the pressure is on the sell-side and at this moment is trading at 22.60, exactly above the horizontal short-term support and the ascending trend line of the flag. I maintain my bearish outlook and I'm looking to sell rallies or directly the break. The target can be the measured one at 21 or, in the short term, 22.30, the recent low support
OANDA:XAGUSDShort
by Mihai_Iacob
14
XAGUSD Weekly TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS. ENTRY PRICE BLACK COLOR TARGETS GREEN COLOR STOP LOSS RED COLOR DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
OANDA:XAGUSDShort
by hadimozayan
2
Silver Analysis, Bears in controlHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ XAGUSD is bearish on the long-term outlook. The sellers were in charge of the Silver market since June and the bears’ momentum has been increasing. The price has been decreasing accordingly. The market has pushed above the 23 levels and holding near the support zone, and all the former support levels of 25 and 24 has turned into resistance levels. Using the Elliot wave theory we can see that the market is having a corrective wave right now which could push it near the 24$ zone where a battle will happen between the Bears and Bulls, and if the Bears wins then the price will be going down near the 22$ level as confirmed by the Elliot theory. Different Scenarios for the market : Scenario 1 : The Market is holding at 23.709 near the support zone from 23.649 to 23.437, The bears are trying to drop the market as much as they can so we could be seeing a breakout happening at that level that would lead the market near the 22$ level. Scenario 2 : The Bulls are trying to gain control back over the market as we saw from the last movement on August 23, where the market price jumped from 22.897 and hit 23.938, but they will have to show a lot of power to break the resistance zone at 24.004 to 24.147, But if they were able to break that resistance then we will be seeing the market price going back up near the 25$ level. Technical indicators show: 1) The market is below the 10 20 50 100 200 MA and EMA (Bearish sign) 2) The MACD is below the 0 line showing that the market is Bearish, With a positive crossover between the MACD line and the Signal line that explains the latest push that happened. 3) ADC is at 48.73 showing that the market is trending, With a negative crossover between DI+ (15.51) and DI- (29.99) Support & Resistance points : support Resistance 1) 23.649 1) 24.004 2) 23.437 2) 24.147 3) 23.294 3) 24.359 Fundamental point of view : Silver prices rallied and remained buoyed, closing with a doji day at the highs of the trading session. This came despite a selloff in gold prices. Durable goods orders declined less than expected and new orders ex-transportation were unchanged. The dollar eased slightly, which helped silver prices gain a toe hold. Silver of course has a certain amount of an industrial component built into it, and it is worth noting that industrial numbers have fallen quite a bit over the last several weeks. That being said, if we see the US dollar sell-off drastically, it is likely that the silver market may catch a bit of a bid, at least temporarily based upon that alone. According to fxempire. This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading
OANDA:XAGUSDShort
by GabiDahduh
1
Silver Price Movement Breakdown Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The XAGUSD price has broken out and dropped from 25.96 to 22.08 in the last couple of days near a 14% drop in price, the Market was trending in a downward channel but it has been broken on Aug 9 where the price dropped from 24.31 and created a long shadow Bearish candle and hit the 22.10 range. The XAG/USD has a critical support around $23.20. A break lower would expose the $23.00 area that if broken, should trigger a bearish acceleration. The market price was able to stabilize a bit after that drop and it's trending 23.55 right now. We can notice a couple of scenarios for the market price movement for the next few days. Scenario 1: The Market price is trending at 23.45, near the first support level at 23.27 the Bulls will try to gain control back but most likely they will fail and the price will drop even more and its gonna be headed near the major support area at 22.84, where the real battle between the Bulls and Bears will be. If the Bears were able to keep control then a further drop in price will happen. Scenario 2 : The market price is trending at 23.45 if the Bulls were able to get some support behind them then we could be seeing the price going up and hitting the first resistance line at 23.70, Then The Bulls will test the bears strengths at that level, if they fail and the bears took control then we will see what's happening in Scenario 1 come to life, If the bulls were able to break that resistance level then we could be seeing a small bounce back up near the 24.13 level. Technical analysis showing : 1) The Market price is below the 5 10 20 50 100 200 MA and EMA, Strong sell signal 2) The MACD below the zero line showing that the market is in a Bearish state, with a negative crossover between the MACD line and Signal line. 3) The ADX at 37.25 showing that the market is currently trending, with a negative crossover between DI+ (10.59) and DI- (41.77). Support & Resistance points : support Resistance 1) 23.275 1) 23.705 2) 23.025 2) 23.885 3) 22.845 3) 24.135 Fundamental point of view : Silver is marginally lower on Tuesday, as it remains far from the $22.10 bottom of the crash it suffered on Monday. During the American session, XAG/USD bottomed at $23.22. The metal again was able to find support around the $23.20 area and bounced to the upside. The upside in silver remains limited despite gold rising almost $10 in a few minutes. Silver is following gold with the recovery but at a slower speed. Both metals managed to recovery despite higher US yields but were supported by an improvement in risk sentiment. Volatility eased during the last hours but is set to remain at extreme levels on the coming session, even as metal stabilize. On Wednesday, inflation data from the US is due, and it will be watched closely as it could affect expectations about Fed’s monetary policy. After the sharp decline on Monday, the outlook is still bearish for silver. In the very short term, a break above $23.45 (downtrend line) should alleviate the bearish pressure, and would clear the way for a test of the daily high at $23.68. According to fxstreet This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
OANDA:XAGUSDShort
by GabiDahduh