Xagusdshort
Silver Short from Institutional SupplyDear traders,
I am currently short XAGUSD, my reasoning for this position are the following confluences:
- Quarterly, monthly and daily supply zone
- .75 Fibonacci retracement
- M50EMA acting as resistance
- Daily high-test candlestick
I will be targeting the trend line for a RR of 1:1.5.
Best regards,
Don Deesker
XAGUSD. A key level will stop the price increase?Hi subscribers!
The price of Silver has risen very well this week,
however, having reached a key level,
the price will stop growing,
in one day the price will drop to the target.
Good luck to you.
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This idea does not provide the financial advice.
Silver Crash, confirming future Gold CrashMajor Events about to happen, I decided to start by analysing silver which will confirm the expected drop on Gold we have been waiting for weeks now. The Monthly chart tells me we are in liquidation phase with all the crazyness happening arround the world, some think we are now recovering with many business opening and due to Gold / silver being a safe haven it will keep uptrending to 2000€ as we see in many news out there. I also believe gold will reach that target in a long term as Silver reaching 40€, but not before a major crash. A wave down will happen with all the shortage in the past time we saw on #DXY it will now rally to 111+ area, maybe 120 top target . This means Gold, Silver, US30, SP500 will all have a drop which I call the liquidation Phase. Fed extreme top will be the 111+ area for #DXY
For Silver i Suggest a Sell at market open SL 17$ first tp 12$ , 2 tp 10$ , 3 tp 8$
For Gold a sell from the top 1722 I added last week,
but if we see another rally up before the drop, Add another sell from 1705/1715 area Sl 1750 TP 1650 / 1600 /1550
Remember this is a Swing trade, If you want analysis for day trading Pm
XAG/ USD On Silverwe hve two patterns completing in the exact same area. we have a bat pattern and a deep gartley. Wait for price to kiss the white and pink line and forma reversal pattern. i would expect pa to react very volatile when it approachs this area. active trade management is advised!
#RiskFreeOrBust
OANDA:XAGUSD
#SILVER - #XAGUSD is showing a good sell setup ! hello my friends traders ,
as you see the price is really weak against the 61.80 fibo and it respects this level, But pay attention once the price hits or near to hit the 100% level take your partial profits or close your trade if you don't want to be under stress or simply if you are confident you will break even and let the price do whatever it wants .
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Enjoy!
#XAGUSD ANALYSIS.. BEARISH ARGUMENTS.. I think that there are critical points to be considered in the long term for silver.. It is very important for investors to pay attention to some small details from past to present..
In the weekly chart, the price of silver is below ma50 and ma100, silver should rise above these levels for a positive trend.. As I mentioned in my previous publications, I think that we will see a strong sales wave again in the markets on a global scale, I accept that what happened in oil prices is a leading indicator.. We can see that there are similar structures in technical indicators by projection from past to present, RSI and Coppock show some similarities with 2008, and it is worth noting that 2008 is a crisis period just like the current year.. I think that we can see a similar price movement in the process we are in and we will see a retreat up to $ 8.5 in silver price..
Disclaimer: I am not a financial advisor.. Please do your own due diligence when it comes to trading.. Invest at your own risk..
I wish you all the best..
Silver- A drop to 14 is probableAlike Gold, Silver is in a clear downtrend.
The price corrected the previous leg down and the rise stopped just under 16 strong resistance.
The major trend is ready to resume now and a down correction for Gold can only help.
I will sell Silver for a 14 target with stop loss above 16 for a comfortable R:R of 1:1,5
XAGUSD. Price will fall to a key level.Hello dear subscribers!
The price of Silver will fall at the moment when the price enters the sell zone,
the Price will fall to a key level, but will not fall beyond this level.
Watch the dynamics of prices.
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Silver Is Heading to $11 After A Short-term RecoveryHere we can see Silver making a simple zigzag pattern from September 2019 high. Wave (a) unfolded as a leading diagonal with 3-3-3-3-3 internal structure.
It then followed by an a-b-c zigzag retracement in wave (b). Since the completion of wave (b), the bears have enjoyed a massive decline in wave (c) which is not completed yet.
According to Wave Theory, five-wave make an impulse. Price seems to just complete wave iii of (c) in CADJPY's case, and wave iv is in the making.
This, in turn, meant that once the recovery in wave iv ended, another selloff in wave v of (c) would be very likely to complete the five-wave impulse pattern.
Wave iv has the potential to retest the blue resistance level that lined up with a 38.2% Fibonacci level.
What's your view on Silver?