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Silver

Don't miss the great buy opportunity in XAGUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (17.80). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAGUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 18.32 TP2= @ 18.72 TP3= @ 19.63 SL= Break below S2
OANDA:XAGUSDLong
by ForecastCity_EU
4
A second Chance to Buy in SilverMidterm forecast: While the price is above the support 16.55, resumption of uptrend is expected. We make sure when the resistance at 18.75 breaks. If the support at 16.55 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 16.55 is broken. Technical analysis: The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend. A trough is formed in daily chart at 16.90 on 10/01/2019, so more gains to resistance(s) 18.10 and maximum to Major Resistance (18.75) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 48. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (16.55). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT , you have a second chance to buy above the suggested support line (16.55). Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Trade Setup: We opened 6 BUY trade(s) @ 15.21 based on 'Valley' entry method at 2019.07.10. Total Profit: 861 pip Closed trade(s): 630 pip Profit Open trade(s): 231 pip Profit Closed Profit: TP1 @ 15.30 touched at 2019.07.11 with 8 pip Profit. TP2 @ 15.60 touched at 2019.07.16 with 38 pip Profit. TP3 @ 16.20 touched at 2019.07.18 with 98 pip Profit. TP4 @ 17.20 touched at 2019.08.07 with 198 pip Profit. TP5 @ 18.10 touched at 2019.08.27 with 288 pip Profit. 8 + 38 + 98 + 198 + 288 = 630 pip Open Profit: Profit for one trade is 17.53(current price) - 15.21(open price) = 231 pip 1 trade(s) still open, therefore total profit for open trade(s) is 231 x 1 = 231 pip All SLs moved to Break-even point. Take Profits: TP6= Free
FOREXCOM:XAGUSDLong
by ForecastCity_EU
1
Silver - the news is out, is it absorbed in the prices ?Silver moving in a flag pattern, in on the lower point of the channel. If the channel is broken on the downside, a slide upto 16.82 can be expected. It has been correcting for some time, there is a possibility that after all the news flow, the short positions will start to unwind and push the prices higher. Since my ideas can be seen in India only, by the time our exchanges will open, prices will probably settle down. 16.80 is an important support while a breach of 17.8 will aid the bulls to push the prices higher.
TVC:SILVERLong
by ipuneet
Gold posted a handsome recovery yesterday (Oct.1)Gold posted a handsome recovery, not only broke a price channel on the upside but also breached another important range 1483-1511, where it has spend several weeks in recent past. It did spend some time above 1483, and corrected a little towards the closing. 1483 is a strong resistance, if and once it is breached too, it will start acting as a resistance. Long positions can be initiated: 1.) once it breaches yesterdy's high. 2.) manages to close or spend good time above 1483 levels. 1474 or 1468 can be the stops for long positions. RSI too is indicating a smart recovery. Beyond technical charts, the news flow is quite supportive of a rally, weak US manufacturing data, Australian Central Bank cut rates to historic low levels, WTO cut growth forecast (for global trade), China and India had to offer stimulus to save or revive economies are the recent developments that may push the prices upwards in near future. Please remember to like this post, if you find it worth, do share your opinion in posts. You may also follow me for similar updates and opportunities in bullion, Nifty and BankNifty.
TVC:GOLDLong
by ipuneet
Silver is at Make or Break Point.Silver has been correctly sharply for past 3 days, at the moment (17.46) it is at a make or break level. If it slides further, it may touch 16.8 followed by 16.2 levels. Technical indicators are showing weakness at this stage (27-09-19). Traders taking short positions must exercise caution and keep monitoring charts for trend reversal. 18.04 on the upside will change the trend upwards. It is probably reacting to news of US China trade talk resumption, but there are enough of news flow that can keep the prices higher. Please consider liking this chart or follow me on this forum if you find it worthy.
TVC:SILVERShort
by ipuneet
Trend-lines on Silver daily charts indicating a reversal. Silver was seen attempting to re-enter the trend lines channel, after a few days of consilidation. It did respected the doji that was formed day before yesterday. RSI 21 also appears to honor support of 50 as it as reversed from there several times. CCI indicator too is indicating a reversal from lower band of range (-70 to -80). Chances of an upside from these levels are strong. Beyond technical, the much awaited correction followed by consolidation is probably over, the news flow is neutral to positive and argue for a gradual recovery. Any positive news flow can force the short positions to cover and push the prices higher at a much faster pace. 17.40 should be the STOP LOSS for all long positions.
TVC:SILVERLong
by ipuneet
A throwback cannot be ruled out in Silver before LT Bullish TgtSilver is giving a good run up after breakout in July 2019 & is expected to continue this bullish trend in long term but a throwback cannot be ruled out in short term as both RSI & Stochastic are in overbought zone & can turn bearish soon as can be seen in the chart. On the upside $18.21 can act as an immediate resistance followed by $18.64 & $18.99. Thus, for short term Silver can be sold on market or on some rise towards $18 with a protective stop loss above $19 for a target of $15 . On the downside $14.75 to $15.00 range can prove as a good support & thus a good buying range for long term target of $22.94 .
FX_IDC:XAGUSD
by SureShotWInner
A second Chance to Buy in SilverMidterm 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 is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 69. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (16.55). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT , you have a second chance to buy above the suggested support line (16.55). Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Trade Setup: We opened 6 BUY trade(s) @ 15.21 based on 'Valley' entry method at 2019.07.10. Total Profit: 686 pip Closed trade(s): 342 pip Profit Open trade(s): 344 pip Profit Closed Profit: TP1 @ 15.30 touched at 2019.07.11 with 8 pip Profit. TP2 @ 15.60 touched at 2019.07.16 with 38 pip Profit. TP3 @ 16.20 touched at 2019.07.18 with 98 pip Profit. TP4 @ 17.20 touched at 2019.08.07 with 198 pip Profit. 8 + 38 + 98 + 198 = 342 pip Open Profit: Profit for one trade is 16.94(current price) - 15.21(open price) = 172 pip 2 trade(s) still open, therefore total profit for open trade(s) is 172 x 2 = 344 pip All SLs moved to Break-even point. Take Profits: TP5= @ 18.10 TP6= Free
FOREXCOM:XAGUSDLong
by ForecastCity_EU
2
A second Chance to Buy in SilverMidterm forecast: 15.60 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI bounced from the support #1 at 48 and it prevented price from more losses. A trough is formed in daily chart at 14.89 on 07/05/2019, so more gains to resistance(s) 17.20, 18.10 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 67. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (15.60). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT , you have a second chance to buy above the suggested support line (15.60). Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 6 BUY trade(s) @ 15.21 based on 'Valley' entry method at 2019.07.10. Total Profit: 492 pip Closed trade(s): 144 pip Profit Open trade(s): 348 pip Profit Closed Profit: TP1 @ 15.30 touched at 2019.07.11 with 8 pip Profit. TP2 @ 15.60 touched at 2019.07.16 with 38 pip Profit. TP3 @ 16.20 touched at 2019.07.18 with 98 pip Profit. 8 + 38 + 98 = 144 pip Open Profit: Profit for one trade is 16.38(current price) - 15.21(open price) = 116 pip 3 trade(s) still open, therefore total profit for open trade(s) is 116 x 3 = 348 pip All SLs moved to Break-even point. Take Profits: TP4= @ 17.20 TP5= @ 18.10 TP6= Free
FOREXCOM:XAGUSDLong
by ForecastCity_EU
A second Chance to Buy in SilverMidterm forecast: 15.60 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI bounced from the support #1 at 48 and it prevented price from more losses. A trough is formed in daily chart at 14.89 on 07/05/2019, so more gains to resistance(s) 16.20, 17.20, 18.10 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 73. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (15.60). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT , you have a second chance to buy above the suggested support line (15.60). Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Trade Setup: We opened 6 BUY trade(s) @ 15.21 based on 'Valley' entry method at 2019.07.10. Total Profit: 438 pip Closed trade(s): 144 pip Profit Open trade(s): 294 pip Profit Closed Profit: TP1 @ 15.30 touched at 2019.07.11 with 8 pip Profit. TP2 @ 15.60 touched at 2019.07.16 with 38 pip Profit. TP3 @ 16.20 touched at 2019.07.18 with 98 pip Profit. 8 + 38 + 98 = 144 pip Open Profit: Profit for one trade is 16.20(current price) - 15.21(open price) = 98 pip 3 trade(s) still open, therefore total profit for open trade(s) is 98 x 3 = 294 pip All SLs moved to Break-even point. Take Profits: TP4= @ 17.20 TP5= @ 18.10 TP6= Free
FOREXCOM:XAGUSDLong
by ForecastCity_EU
GOLD | Build Trade plan around 1382 - Short termDouble Top pattern spotted in Gold. Pattern will be confirmed IF PRICE CLOSES BELOW 1381.75. So shorts need to wait. Price would fall to 1332 as indicated by the pattern. 1382 acting as a support cannot be ruled out. Hence trades can be planned as below, 1. Long when price hit 1382 with stop below 1380 (or) 2. Short if price closes below 1381.75 with stop above 1385. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
TVC:GOLD
by AkhilSuryaFS
A trading opportunity to buy in SilverMidterm forecast: While the price is above the support 14.80, beginning of uptrend is expected. We make sure when the resistance at 16.20 breaks. If the support at 14.80 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 15.55 on 06/21/2019, so more losses to support(s) 15.30, 15.15, 14.95 and minimum to Major Support (14.80) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 63. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (14.95 to 14.80). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (14.95) Ending of entry zone (14.80) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 15.15 TP2= @ 15.30 TP3= @ 15.60 TP4= @ 16.20 TP5= @ 17.20 TP6= @ 18.10 TP7= Free
FOREXCOM:XAGUSDLong
by ForecastCity_EU