Same chart pattern we analysed on GOLD(XAUUSD) THE COMPLEX HEAD AND SHOULDER.
On the 4hours time frame, the price chart of XAGUSD has been spotted forming a bearish chart pattern indicating a bearish reversal to the downside. The chart pattern is different from other head and shoulders chart patterns because it has double heads and the two shoulders will most...
XAGUSD expected to rise up to 1st resistance at 17.365 where it could potentially react off and drop down to 1st support at 16.851.
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Midterm forecast:
16.55 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 15.95 on 08/01/2019, so more gains to resistance(s) 17.20, 18.10 and more heights is expected.
Price...
XAGUSD labeled within Bullish Corrective structure in Primary Y (pink).
Patterns:
- Intermediate (A) (green) - Three Swings Sequence in its Minor ABC (blue).
- Intermediate (B) (green) - Complex Correction which could transform into a Double Three if a move on the down-side shows strength.
Silver should be able to start a bullish impulse once the current structure...
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XAG/USD - Elliott Wave Outlook
Bullish Swings - Patterns:
ABC Swing in Primary X (purple)
Leading Diagonal in Intermediate (A) (blue)
Expanding Flat in Intermediate (B) (blue)
Ending Diagonal in Intermediate (C) (blue)
Bearish Swings -...
1. It is an unusual formation to have.
How to trade it? Well, it is always 50/50 situation.
You basically trade in the direction of the breakout.
2. It is not common to publish an idea for 2 different Commodities however they share the same pattern. That's why I decided to share both of them as the same idea.
Keep in mind they might go in opposite directions...
Hi there,
XAGUSD is forming very nice price action on lower time frame watch it and look for one more drop. Too Much fear is there in the market that we are going to see recession and dont think so.
Good Luck
I got a lot of messages these days...
"Sir I missed the move in silver what shall I do?"
" I'm short in silver I followed someone else, please help"
And my favorite:
" Sir can we buy silver now?"
... etc
We broke violently the multi year down trendline in the last 2 days.
Actually the above chart is a 2-day-chart because I wanted you to see how big was the...
Silver Prices have been followed for centuries. Silver (XAG) is a precious metal used in jewelry, silverware, electronics, and currency. Silver prices are widely followed in financial markets around the world. Silver has been traded for thousands of years and was once used for currency backing. Silver continues to be one of the most commonly traded commodities today. Silver prices are highly volatile due to speculation and supply and demand. Ag is the chemical symbol for silver on the periodic table of elements and its ISO currency symbol is XAG.
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