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CFD Silver (Spot) LMAX

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XAGUSD_LMAX trade ideas

SILVERSilver had broken support trendline and closed yesterday below 20 day moving average, which is clear sign of bearishness ahead. After bounce from lower end of falling channel it got rejection at upper end of falling channel, also RK's Momentum turned in sell mode, all other trend indicators like macd, rsi etc. are also suggesting same bias, According to wave structure we are possibly in wave Z of Z, which can lead to retest levels of $ 20.462 and if sustain below this then $ 19.80, On upper side RK's stop line may work as a major hurdle which is pegged at $ 22.550 to watch out for. Over all wave structure could be like this one Price had broken Support Trendline along with 20DMA level on closing basis Price getting Declined by RK's Cloud and stop line on daily chart RK's Momentum turned Negative on daily chart Macd in weekly already in Negative mode Macd in daily down tick converging to Negative mode RSI in daily down tick and near 40 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.
Editors' picks
TVC:SILVERShort
by RK_Chaarts
20
WaitOrAvoidSince posted Silver is down from 20 to 18.24. First target of 18.44 is achieved. Still there is enough room for down move. Nothing to be hurry to buy or accumulate the ETF's. Better one can wait with patience. 14-15 could be an ideal level to start accumulation on the correction. Otherwise I will like to wait for a VSA-SAR buy signal on a daily/2D TF before buying it. Dollar index keep on rising. Precious metals are expected to stay under pressure. Still stand on the sell signal.
TVC:SILVER
by TradersVenue
💡 SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 19.750, resumption of uptrend is expected. We make sure when the resistance at 24.000 breaks. If the support at 19.750 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 20.890 on 06/14/2022, so more gains to resistance(s) 21.452, 22.127, 22.995 and maximum to Major Resistance (24.000) 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 42. Supports and Resistances: 60.000 49.800 44.200 37.500 33.450 29.850 28.304 26.940 13.600 11.250 9.400 8.450 7.650 7.000 6.200 5.450 4.400 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSD
by ForecastCity_ME
2
silver short on hourly candles for approximately 1-2 daysafter impulsive 5 waves the ongoing sideways formation is abc formation the wave a of the same has been completed. the wave b consisting of elliott triangle is marked by a-b-c-d-e the current downside is the wave c and this should minimum reach the levels of wave A , ideally it is beyond that . ( we will review the TAKE PROFIT levels later . GO SHORT ON this ... I AM LONG in current future contract and short on next future contract. OVERALL I am bullish on silver this is just short term trade ....
OANDA:XAGUSDShort
by Anuj_8charts
1
Silver Trading Plan - 06/Apr/2022Hello Traders, Hope you all are doing good!! I expect silver to go UP after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
OANDA:XAGUSDLong
by For3xScalper
💡Don't miss the great buy opportunity in XAGUSD (SILVER)Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (22.64). . 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 an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 53. Take Profits: TP1= @ 23.20 TP2= @ 23.56 TP3= @ 23.91 TP4= @ 24.52 TP5= @ 25.03 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSDLong
by ForecastCity_ME
2
Silver refreshes three-month low, bears eye sub-$22.00On Friday, silver prices closed at the lowest levels last seen during early February while portraying a seven-day downtrend. Not only that, but the bright metal also ended up breaking the key support line stretched from mid-December 2021. The south-run, hence, gets validation to challenge a four-month-old horizontal area surrounding $21.90. However, oversold RSI may test the bears around 78.6% Fibonacci retracement (Fibo.) of December 2021 to March 2022 upside, near $22.60-55. Should the quote remains weak past-$21.90, the downside move won’t hesitate to challenge the late 2021 bottom of $21.40. Meanwhile, the corrective pullback will initially aim for the 61.8% Fibo level close to $23.50. Following that, the 200-DMA and the 100-DMA can question the optimists near $23.80 and $23.90 respectively. Also acting as an upside hurdle is March’s low near $24.00 and January’s high near $24.70. Hence, silver bears have control until prices rally beyond $24.70. Though, there’s a bumpy road to the downside.
OANDA:XAGUSDShort
by MTradingGlobal
SILVERSilver is still in triangular correction on weekly time frame and now it has weekly closed below RK's stop loss line which is a sign for weak sentiments again also weekly macd is about to turn bearish again so we can assume that after completing wave a-b-c-d- now we are unfolding wave e in triangle pattern, which can be last decline before breakout towards north move ahead, so if our assumptions are going to be true then silver can fall towards price of $ 21.40, before it turns bullish for a long term rally to start, On up side we can assume $ 30.72 as 0.618% of wave 3 as a target of wave 5 of bigger degree. Overall wave structure and chart pattern Price closed below weekly RK"s stop loss line weekly macd down tick Daily macd turned negative again Daily rsi down tick and closed below 40 range DMI _ ADX turned negative TLBD along with near Lbb to challenge 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:SILVERShort
by RK_Chaarts