Potential nice trade for OANDA:XAGUSD by GoldCartel

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trendanalysis supportandresistance supplyanddemand spotsilver xagusd xagusdanalysis xagusdforecast goldcartel

I rarely trade silver , but here's what I see. I against the hype!

Catalyst:
- Price action

Here's below my entry

I'm not a salesman who sells a "Master class trading strategy." I'm a full-time trader, and I trade to pay my bills.

I provide daily detailed analysis and trading setup.
More info: https://t.me/goldcartel

Comments

The silver market is made ABOVE ALL for delivery , to industrial use . The net physical buyers are the one who set the delivery price. Reddit crowd is not taking delivery , just making a quick ( 5 days ) run up to make $ . So the real price for delivery will settle down where industry needs it . The hype is over . With stronger US $ + Real Yields climbing , the hyper-inflation hype pushing up XAG is not real . XAG/USD will cool down to 24/25 .

jollyplayer

@jollyplayer, agree

Please update your idea. Thank you

lovely4u

@lovely4u, The analysis remain the same

I closed short it started looks like 28 maybe more, for me. Then i will look for shorts again. Situation looks like Situation on the gold at the end of the Last year. Something like we are waiting for buyers. We cant break trend line.. There are few h4 inside bars. Ps: im not good trader. Probably im wrong... Thanks for your work, you are demon...

I can smell bunch of money in the air.

huhaha

@huhaha, Indeed

So you are a full time trader in Silver or Gold?

thechitowncubs

@thechitowncubs anything that moves

You are the best 👍 you saved my money man😅 I followed your analysis and old my shorts