Xagusdanalysis
XAGUSD H4. This Analysis Based On Price Action TheoryWe Have an Analysis Of XAGUSD H4. This Analysis Based On Price Action Theory.
According to The Analysis, We Can See That the Market has a Sell trend on the monthly Time Frame As Well As Market keep Going Down On H4 Time Frame As well As Market Already Break It Old Support & after the price begins again Reject so many time From The New resistance @23.256, So Behalf On this We Have New Key Level(support) @19.378
For More Confirmation, You can see that RSI (Relative Strength Index) & MFI (Money Fellow Index)Both Already Reject From The Resistance Level As per Chart.
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
Enclavefx technical group
SILVER (XAG/USD) Day Trading Strategy & AnalysisSilver made descending triangle pattern and it's base range is 2.36 . Descending triangle pattern refer as a reversal pattern.
Currently, XAG/USD is in consolidation area, and playing at resistance trendline. This pattern has 1% chances to breakout upside. And if it will happen then we may see prices at $28.600 - $29.800+ .
DAY TRADERS:
In this situation, we should wait for the flat lower trendline breakout. And you can keep selling silver nearby LH level for support trendline (Target: $27 - $26.67060 ).
SHORT-TERM INVESTORS:
As I indicated in the chart, if the support trendline breakout happens then you can sell for target prices $25.85360 - $25.22460 - $24.44060 .
Please note before buy/sell you must identify fakeout, excess, or tail. If you need any help don't hesitate to ask, PM me.
XAG/USD (SILVER / U.S. DOLLAR) BREAK OUTTitle/(Date): XAG/USD
Asset: SILVER
Order Type: BUY LIMIT
Time Frame:4HR
Entry Price 1: $26.780 (Pending)
Entry Price 2: $26.480(Pending
Stop Loss: $26,280
Take Profit 1:$27.280
Take Profit 2: $27.780
Take Profit 3:$28.280
Take Profit 4: $29.280
Take Profit 5 $30.280
Status: 🚨Pending🚨 /🏃🏽♂️Active (Entry 1)🏃🏽♂️
Silver- a more clear view than GoldAlike Gold, Silver is offering a more clear view...
The price of Silver doubled its value almost verticaly and 30 zone acted like a clear ceiling for this commodity.
From this point the price could drop hard to at least 24 and in my opinion rallies above 28 should be sold
Silver will find supportXagUsd will find support ~26.3 and thats 50% fibonacci level of from previous week's low to this week's high.
Why was silver going up again?The 1980 bullrun wasn't the same as the 2011 bullrun. Because Fiat decreased in value. The current bullrun isn't the same as 2011 and certainly not 1980. What I do say is new high in real value. Which means we have a long long way to go. Everything below 3 digits is cheap.
Search for value not fiat. Stocks are crashing for years already.
Silver Run on Liquidity We saw a run on stops in February this year as silver raided stops into the liquidity pool below $12.
The next raid happen this week as price broke above the $20 closing a short stops.
The next liquidity pool we should see price run to is the liquidity pool above $36 catching swing traders out who have the stop above these equal highs.
We should see a larger move higher above $50, as physical silver is very rare commodity that is used in industry and electrics.
With the gold silver ratio needing to narrow further, and with economic stimulus by governments around the world running rampant, we will see higher prices in silver.
XAGUSD SD Analysis Both Gold and Silver are looking quite bullish, In this Idea I will wait for the price to drop from 17.42-17.60 area to 16.46 area where I am expecting a new demand zone. Once a demand established I am expecting price to carry on the trend up to 18.70 area.
Disclaimer: This is not a recommendation or trading signal, it's just an idea for educational purpose, make your trading decision at your own risk and seek independence advise if necessary.