Dear Traders,
With silver I will be anticipating more corrective movements before our larger upside. Also, will be expecting a break of the low before resuming our upside. Trade with care!
GG
XAUUSD/XAGUSD is still bearish on weekly chart.
The pressure from blue top is still there.
So buying SILVER or Selling Gold will go faster.
This is not a idea for you to trade but to tell you which commodity is better to trade.
But we trade SILVER AND GOLD at the same time.
You should if you got enough free margin on your account.
LESS IS MORE!
Good weekend everyone,
WEEKLY:
As we can see on weekly timeframe, silver is been on a big descending triangle since 2016 and failed to break the descending trendline 7 times so far.
If you check the last weeks volume up-wave, its decreasing, maybe there is no interest on buying silver yet? The price closed the week below 50ema weekly.
DAILY:
After the...
The market confirmed the continuation of the primary uptrend. After the confirmed reversal from the support zone formed by the uptrend line, SMA100 and 15.00 level, the price moved upward. We got a short term pullback and a new swing high. Based on the hourly time frames we got trading opportunities in the direction of the main trend. The market made a good upward...
The price bounced from the uptrend line and it's going to move above the cloud. If so, we will be able to get a new buy signal. If the price breaks the local downtrend line and moves above 15.36 resistance level, it will confirm that the market will move upward. Pending orders for buy can be placed above this key resistance with stop orders below the uptrend line....
XAGUSD is approaching our first resistance at 15.708 where we might see a strong drop might price to our major support at 15.237.
Stochastic is also approaching resistance where we might also see a corresponding drop in price.
XAUUSD/XAGUSD is telling you that buying silver is faster than buying gold.
This is a triple top on daily chart.
So believe it or not, take more care about silver, you will get more surprises.
LESS IS MORE!
Hi there,
XAGUSD is forming setup for more upside. If you guys are following me on Silver then i am sure you know we were longer term bullish on Silver from bottom.
Currently silver is forming continuation setup. Which can continue for one more bullish wave before drop or it can continue for up to 20 or even more.
How you can trade on this chart.
1. Watch...
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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