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SILVER / US DOLLAR KILOSILVER / US DOLLAR KILOSILVER / US DOLLAR KILO

SILVER / US DOLLAR KILO

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XAGUSDK trade ideas

a short explanation on the commodities and setupsA short video on the gold and silver after the fall yesterday and looking at the longer term time frame to understand the key levels. Gold has been the worst performer while the rest are actually looking bullish. Silver has been outperforming gold and that is something that we need to be aware of as it is also used in the industry. Overall the base metals and silver seem to be doing better than gold. The news from bank of canada increasing the rates did not sit well with the market with both gold and silver falling immediately after that. Anytime we have the yields go up the metals and other investment instruments which are assets without any yields underperform and become unattractive comparatively.
OANDA:XAGUSD
by anshuman_05
Silver Possible Elliott wave countsHello Friends, Hope you are doing well, Here we had shared possible Elliott wave counts on Hourly time frame chart of Silver in which we can see that we have completed wave 1 as impulse and now we are in wave 2 as a correction, in wave 2 we have finished wave A & B and now we are in second last leg of wave C. Wave C should unfold as five subdivisions as a wave (i), (ii), (iii), (iv) & (v), in which we had completed wave (i), (ii) & (iii) and now we are in wave (iv) of C and still we have to fall one leg lower as a wave (v) of C. Here we had marked one Horizontal pressure zone as a red colored zone, where price got support couple of times and also got rejections couple of times, which may again provides resistance and wave (iv) may complete there, Co-incidentally major exponential moving average like 200 is at same level of pressure zone which can provide resistance at least once because price is below 200 EMA on hourly chart, While same 200 EMA of daily time frame is below current price levels and at same Fibonacci level of 1.618 which can be target level of wave C as per wave A and B. where wave (v) of C can fall and complete. Overall, looks bullish, but still one leg down may come before the rally, Down leg we may see a good bullish divergence in price along with indicators like MACD and RSI etc. it could be an opportunity to go long, My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Hourly time frame EMAs Daily time frame EMAs Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
TVC:SILVER
by RK_Chaarts
6
SILVER possible Elliott wave sountsHello Friends, Here we have shared possible Elliot wave counts of SILVER 4 hourly chart in which we can say possibly we are heading towards north direction as a fresh impulse wave, which can lead towards Bullish bias as now onwards. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
TVC:SILVERLong
by RK_Chaarts
3
EURUSD GBPUSD USDCAD GOLD SILVER Price action trading no indicators or technical analysis is being used. EURUSD is at buyers pressure levels, above 1.0950 ideally stick to long EURUSD buyers at 1.10 to 1.1010 and 1.1020, after 1.1030 to 1.1050 EUURSD sellers are no ideal at this levels, but will depend on tomorrow´s opening if we short below 1.0950 or not. GBPUSD only buyers above 1.2380 and 1.24. Ideally stick to buyers at this levels. Sellers will have to wait for confirmations below 1.2350 levels to 1.2330 and 1.2320 USDCAD is very mixed. Sellers below 1.34. Scalping below 1.3350 to 1.3333. Then below 1.3330 to 1.3320. Then we wait. XAUSD XAUUSD ideally waiting sellers, but not to short yet.
SAXO:XAGUSD
by watchmyTrading
TREND QUALIFICATION WITH EXAMPLE OF SILVER The building boxes give the fair idea of strength of trend. After a price correction, there has been a time correction. The time correction lasted from two to four days. Price retraced till the bottom of box giving opportunity to add or what they term as pyramiding. Everytime market retraced my heart sank with pervading thoughts that I should have booked profits at the top. However this time my patience and perseverance paid and with heavy heart I held onto the Jun series silvermic futures. The factors for convincing myself were that never was previous box never violated and though at times such candles were momentum candles and that too with volumes. Even on four hour chart, I have found that volume is a big cheater. (Will Post on the subject separately with more research). Surprising factor was that both approach & BO candles were momentum candles confirming the strength of trend less the last one. In the move to the last box the approach candle was missing and BO candle was good momentum candle. Pitchfork Analysis clearly showed that price had reached the top edge of the pitchfork. Confluence of factors for booking profits. Top edge of pitch fork, lack of apch candle(This aspect requires more study), large candles showing exhaustion, monthly trendline resistance. Hence booked profits capturing nearly ten thousand points(Though missed the top with some 500 points more, it is not always possible to catch the top & bottom but one should be able to capture major move and not regret few points here and there). Studying trend qualification is important aspect both for holding and pyramiding and profit booking. How to identify whether it is a major or minor trend will post my study separately. More than looking at the profits one was overtly satisfied that I had taken a “one good trade”(There is good book with same name by Mike Bellafiore of SMB Capital. It’s a good reading). Money is the consequence for one who adheres to the process, I think that’s what Lord Krishna said that don’t worry about fruits just keep doing your duty. If one adhere to ones setup (Process) and having implicit faith and conviction in oneself GOD rewards you with whatever you desire. What’s important is the process and not the fruits of desire. And of course the humility to be a willing seeker to learn from markets and others. Views Welcome Regards
TVC:SILVERLong
by upendravisal
SILVER- Inverted Head and Shoulders Breakout BUY!Attached: XAGUSD Daily Chart as of 17th March 2023 Price closed up 4.20% on Friday with a Bullish Marubozu Candle At the same time also triggering a Bullish Inverted Head & Shoulder Pattern Breakout Action Plan as follows: Buy triggered with Friday's Closing✅ Stop Loss⚠️ below 21.25 Upside Target🎯= 25 + (which is also the measured move of the IHNS Pattern) Silver has to catch up📈 with Gold as the Precious Metals Bull Run unfolds amidst a Banking Crisis, High Inflation and Rising Interest Rates
OANDA:XAGUSDLong
by T_Harth
SILVER- Relative Strength says Buy!XAGUSD Another Bullish Signal for Silver🥈 Attached: XAGUSD/ Nifty 50 Weekly Chart as of 31st March 2023 - This Relative Strength Chart indicates that the Outperformance of Silver over Equity (Nifty 50) has started 📈 -It is similar to the Signal on Gold🥇 that I had shared on New Year's Day and you can see how fabulously well that Gold Buy Signal played out for us ‼️ - Expect the same for Silver as I have been saying that Silver has to catch up with Gold So if Not Already in Silver, Get In As Soon As Possible or you will miss the Move 🚀! Note: In my previous post on Silver, I highlighted an Inverted Head & Shoulder Breakout BUY SIGNAL Since that post, Silver is up 6.60% and counting....
OANDA:XAGUSDLong
by T_Harth
Silver possible Elliot wave counts (Now down and then Up)Silver is now ready to dip down and to unfold wave 5 of (C) and as per equality, Target of (C) equal to (A) is pegged at 19.963 and 1.618 is pegged at $ 18.350, which can be stop loss for fresh long positions to be made below $ 20. Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
TVC:SILVER
by RK_Chaarts
9