XAGUSD is approaching its 1st support at 15.036 where it could potentially bounce to its resistance at 1st resistance at 15.545. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD is approaching its resistance at 15.530 where it is could reverse down to its support at 15.094.
XAGUSD reversed off its resistance at 15.29139 where it could potentially drop further to its 14.59140. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
This one is a bit tricky, scenario still needs more time to clarify the structure. However, short term buy and then wait to see if there will be a new low or keep going up. Only buys on Silver.
A downward trend in H4 with confirmation of Stochastic which is in its selling area. Entry price:14.91 Take profit: 14.58 Stop loss: 15.10
We are looking at a model of XAGUSD (Silver) On the monthly chart : Clear and confirm Double bottom we recommend buying now-Entry price: 15.47 Stop Loss: 15.00 Take Profit: 16.20
XAG/USD has been in a consolidation zone since the beginning of January. Although, the long term trend is bullish, we may have a little dip as the bulls take in their profits. Risk no more than 1% Trade safe.
With the current situation going on in the world with trade wars among the highest economies and NATO and Russia kicking off some of the largest military exercises since the end of the Cold War, we can expect the price of metals to increase for the next few weeks as people would cash out their money from their banks and invest in a commodity because of the current...
XAG/USD labeled in a complex structure, Double Three, where W is finalized and X performed with a false break-out. Expecting a bullish swing to start.
XAGUSD is approaching strong support at 16.35 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could occur at this level to push price all the way up to our major resistance level at 16.78 once again. It’s important to note that we can see a short term descending resistance line which needs to be broken to open a bigger...
XAGUSD is reversing nicely below major resistance at 16.80 (Fibonacci retracement, horizontal resistance area, Fibonacci extension) and a strong drop could occur from here pushing price down to 16.58 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing strong resistance at 92% where a corresponding reaction could...
XAGUSD is testing major support at 16.36 (Fibonacci retracement, horizontal swing low support) and a potential bounce could occur at this level to push price up to 16.71 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). Stochastic (34,5,3) is also seeing major support above 4.3% where a corresponding bounce could occur to...
Silver has been rising strong and is now testing major 50% resistance at 16.91 (Fibonacci retracement, Elliott wave structure, horizontal swing high resistance) and a strong reaction could occur at this level to push price all the way down to 16.48 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance at 95%...
Silver is now testing major resistance at 16.56 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance, Elliott wave corrective structure) and a strong reaction could occur at this level to push price all the way down to 16.19 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 95%...
Buy above 17.31. Stop loss at 17.16. Take profit at 17.48. Reason for the trading strategy (technically): Price is now testing major resistance at 17.31 (Fibonacci retracement, horizontal overlap resistance) and we require price to close nicely above this level before triggering a bullish move that should push price up to at least 17.48 resistance (Fibonacci...
Sell below 17.34. Stop loss at 17.48. Take profit at 17.11. Reason for the trading strategy (technically): Silver is now hovering above 17.34 major support (swing low support, Fibonacci retracement, ascending support) and a clean break of this level would trigger a bearish move to drive price down to at least 17.11 support (Fibonacci retracement, horizontal...
Silver continues to test major resistance at 17.03 (Fibonacci retracement, breakout area) and a potential reversal could occur at this level. We can see that price has made a bearish exit of our long term ascending support-turned-resistance line and coupled with a bearish divergence, this could be the setup for a strong drop. RSI (34) has made a bearish exit of...