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CFDs on Silver (US$ / OZ)CFDs on Silver (US$ / OZ)CFDs on Silver (US$ / OZ)

CFDs on Silver (US$ / OZ)

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SILVER trade ideas

There is a trading opportunity to buy in silverMidterm forecast: While the price is above the support 13.60, beginning of uptrend is expected. We make sure when the resistance at 15.60 breaks. If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested Buy Zone (14.650 to 14.400). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (14.650) Ending of entry zone (14.400) 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 : Technical analysis: While the RSI resistance #1 at 44 is not broken, the probability of price increase would be too low. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 33. Take Profits: TP1 = @15.000 TP2 = @15.250 TP3 = @15.600 TP4 = @15.900 TP5 = @16.200 TP6 = @16.550 TP7 = @16.850 TP8 = @17.200 TP9 = @17.700 TP10 = @18.100 TP11 = @21.000 TP12 = @22.000 TP13 = @25.100 TP14 = @28.350 TP15 = @33.300 TP16 = @37.500 TP17 = @44.200 TP18 = @49.800 TP19 = Free
FOREXCOM:XAGUSDLong
by ForecastCity
MCX Silver Upside Consolidation Breakout BetSilver is showing huge consolidation for the few years revolving around the same line making it support and resistance. Positional Idea - Currently, if that line is not broken on closing basis which means Silver doesn't close below that line but can establish low points there), one can buy Silver. Intraday Idea - Also, it is getting selling pressure in the same zone every day. The best trade for "intraday" purpose should be buying at the touch of the "CSBL line" and closing at the "Intraday Resistance" but I will recommend making that "Intraday Resistance" like trailing stop loss because it can also throw a massive breakout! (Well, we have a stop loss in the downside anyways.)
FX:XAGUSDLong
by Amit_Ghosh
XAG/USD: silver prices are consolidatingCurrent trend Silver prices showed moderate growth at the trading last Friday, receiving support from weaker than expected data on the US labor market. In addition, commodities were supported by another aggravation of trade relations between the US and China, after Donald Trump ordered to create a new list of Chinese goods to raise import duties worth USD 100 billion. The weakest growth in the number of new jobs in the US over the past six months significantly reduced the expectations of those investors who were counting on increasing the rate of US monetary policy tightening. Moreover, some analysts believe that the pace may even decline. Support and resistance Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is actively narrowing, reflecting the emergence of mixed dynamics in recent days. At the moment, the indicator does not contradict the further development of the "bullish" trend in the short and/or ultra-short term. Nevertheless, to open more long-term purchases, one should wait for the appearance of additional trading signals. Resistance levels: 16.34, 16.44, 16.51, 16.60. Support levels: 16.27, 16.20, 16.13, 16.09, 16.03.
OANDA:XAGUSD
by LiteForex_Official
Ignored us now face the consequences In short our additional full net short size in both of our precious metals is well justified from the reward and risk perspective at the time of writing this article/idea In our previous post we already mentioned many times that friday's session can be volatile and very tricky to predict and could affect gold and silver prices in short term and that seems to be the case for silver,The white metal declined at the start of the session but quickly erased all the downswing from it's initial low,we already mentioned that white metal could reach to about 16.600 and this level has already reached but the real question is silver about take a big decline same as in lat dec 2017? yes,that's very probable but here is a twist decline may not start immediately it can take some days to start,if you try to look at the lack of a visible rally in friday and compare it with proximity of the triangle apex reversal you will get your answer,in short we still may see a small rally in white metal in about 3-4 days before it plunges back we were and still are in a situation where white metal metal could decline sharply immediately or it could go up just a bit and then decline anyway.we don't think waiting for better prices in gold and silver will be an informed decision ,That's why we decided to increase our net short size in our portfolio management. in our last post we wrote which is still up to date In friday's intrday follow up,silver moved higher than its target level but gold didn't,it served a strong bearish sign as it was clear that silver is outperforming gold in a dramatic manner in short term,most of the time it helps to make big decline in white metal. session seems very similar to the mentioned nov 1 2017 session and implications therfore are bearish anyway mining stocks reversal-gold mining stocks moved much lower after the closing bell,thing to note is despite the rally and strength in S&P 500 It moved lower,really miners only had the strength for the intial rally,Before the closing bell bears had took control over the miners and bulls were exhausted, It's not happen very often when HUI index,miners and precious metals all generating the same signal,in short if you try to look at mining stock and precious metals it seems very likely that we are going to see big decline soon,only currency market is not cofirming our view at this point so it might postpone the decline for short term. Imagine the gold without usd you can't na? so let's jump right into our usd index the biggest factor which determines the prices of precious metals in near term,in our previous post we told that USD index was above its strong support level and big picture is remained bullish,USD index didn't even touched its support level but instead it moved higher,so did usd index already made its final bottom? Still as a portfolio manager/ trader we try to think without being attached to our current position so we could form a unbiased perspective on precious metal market what could go wrong-Breakdown below the 89.300 level will complete a short term head and shoulders pattern and this pushes prices down to feb low,it will means that 87.600 will be the next target but is it possible? in trading anything can but the probability is much-much lower as the multiple long term resistance level are present around the jan and feb low,on a short term head and shoulders pattern and this pushes prices down to feb low,on a short term basis a move below 89.300 can precide a quick decline to about 88.70,well this is a less likely outcome,the most probable outcome will be that we could see a rally above 91.20 which will precides a big rally to almost 94,this will be a very critical sign that small breakdown is invalidated below the very long term declining resistance overall our full net short position is justified at the time of publishing this article
FX_IDC:XAGUSDShort
by NeerajPandey