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XAGUSD Silver Supply And Demand ZonesXAGUSD We have silver on a little consolidation zone after one of the biggest drops this year.....it seams like its maintaining under the fib 38.2% right on a demand Zone...we have some good volume on the bullish candles....what indicates me that the institutional traders probably getting ready to push the price up.... or maybe they just want us to believe that so we keep buying and they can take their profits....REMEMBER WE ARE ONLY GUEST ON THEIR GAME!!!!
OANDA:XAGUSD
by javierMede214
Watch out for the mentioned key level it could change everything Gold and silver prices are sharply lower in midday U.S. trading Monday. Gold notched a seven-week low and silver prices hit a five-week low. A strong U.S. dollar index that hit a new high for the year on Monday is credited with putting much of the downside pressure on the precious metals today. Better risk appetite in the market place early this week is also bearish for the safe-haven metals. December gold futures were last down $28.60 an ounce at 1,477.60. December Comex silver prices were last down $0.532 at $17.12 an ounce. Both markets were poised to close at technically bearish monthly low closes on this last day of the month. There was less risk aversion in the marketplace Monday, following markets being roiled last Friday by reports the U.S. was considering limiting U.S. investors’ investment in China, including the U.S. stock exchanges de-listing Chinese companies. Weekend reports, including a statement from the U.S. Treasury Department, then said the Trump administration is not considering such moves. Asian stock markets saw some selling pressure after the 17th weekend in a row of demonstrations in Hong Kong. This past weekend is being called the worst, with many arrests after protestors bombarded police with everything from bricks to firebombs. China’s economy got some slightly upbeat news Monday, as the official manufacturing purchasing managers index rose to 49.8 in September from 49.5 in August. It was the fifth month in a row with a reading below 50.0, which suggests a contraction in the sector. The September PMI report did come in slightly above market expectations. silver futures bulls have lost their overall near-term technical advantage. A four-month-old uptrend on the daily bar chart has been negated and a four-week-old downtrend is now in place. Silver bulls' next upside price breakout objective is closing prices above solid technical resistance at $18.0 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $17.00. First resistance is seen at $17.50 and then at today’s high of $17.66. Next support is seen at today’s low of $17.02 and then at $16.80.
OANDA:XAGUSD
by GoldSilverAnalyst
Thank you for your patience and congratulations for the profitsAsset: XAGUSD ( SILVER ) Sell Stop Entry Price:19.00 Take Profit: 14.00 Stop Loss: 20.00(we will reduce the stop loss points once positions will be more favorable) Capital risk:$2000 Potential Gain:$12000 Risk/Reward: 1:6 We are taking all the profit($2000) out of the table from our silver position however keep in mind we are still heavily bearish for the precious metal sector, and we would open more short position in silver once market will present us another opportunity, Be prepared
FOREXCOM:XAGUSD
by GoldSilverAnalyst
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