**SMC|ICT Based Analysis On Silver (XAGUSD)**
Dear Traders,
We extend our best wishes for the upcoming New Year.
🔺Today, we will analyse Silver (XAGUSD). The month of December typically presents reduced market liquidity and volume due to numerous holidays. The market initiated with a positive liquidity gap at $83.50, subsequently experiencing a significant decline. The price descended to $70.44 and is currently trading at $71.51. This substantial sell-off indicates a high probability of further price depreciation. We anticipate the price to fall within the range of $68 to $66.
🔺Entering a position within our identified key levels may prove profitable, with take-profit targets established at the following key levels: the first at $75, the second at $78, and the swing key level at $85. These levels should be utilized as take-profit objectives. For stop-loss placement, we suggest setting it at $66, or at your discretion.
🔺We wish you a prosperous New Year and hope this year fulfils your aspirations. We sincerely appreciate your continued support throughout the years.
Team SetupsFX_
Dear Traders,
We extend our best wishes for the upcoming New Year.
🔺Today, we will analyse Silver (XAGUSD). The month of December typically presents reduced market liquidity and volume due to numerous holidays. The market initiated with a positive liquidity gap at $83.50, subsequently experiencing a significant decline. The price descended to $70.44 and is currently trading at $71.51. This substantial sell-off indicates a high probability of further price depreciation. We anticipate the price to fall within the range of $68 to $66.
🔺Entering a position within our identified key levels may prove profitable, with take-profit targets established at the following key levels: the first at $75, the second at $78, and the swing key level at $85. These levels should be utilized as take-profit objectives. For stop-loss placement, we suggest setting it at $66, or at your discretion.
🔺We wish you a prosperous New Year and hope this year fulfils your aspirations. We sincerely appreciate your continued support throughout the years.
Team SetupsFX_
Trade closed: target reached
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Free Telegram Public Group:
t.me/official_setupsfx
Looking to earn serious money? Join our VIP groups. We’re currently offering limited-time discounts
GOLD VIP: t.me/Setupsfx_Gold_Bot
FOREX VIP : t.me/Setupsfx_bot
t.me/official_setupsfx
Looking to earn serious money? Join our VIP groups. We’re currently offering limited-time discounts
GOLD VIP: t.me/Setupsfx_Gold_Bot
FOREX VIP : t.me/Setupsfx_bot
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.