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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trade Setup

#SILVER
Total Profit: -1575 point
Closed trade(s): 0 point Profit
Open trade(s): -1575 point Profit

Trade Setup:
We opened 9 BUY trade(s) @ 25.49 based on 'Valley' entry method at 2021.07.29.

Open Profit:
Profit for one trade is 23.74(current price) - 25.49(open price) = -175 point
9 trade(s) still open, therefore total profit for open trade(s) is -175 x 9 = -1575 point

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateAugust 15, 2021 - 20:59
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 22.150, resumption of uptrend is expected.
  • We make sure when the resistance at 28.750 breaks.
  • If the support at 22.150 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 48 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 23.00 on 08/12/2021, so more gains to resistance(s) 23.75, 24.50, 25.75 and maximum to Major Resistance (28.75) 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 36.

Take Profits:

  1. 26.60
  2. 28.30
  3. 29.85
  4. 33.45
  5. 37.50
  6. 44.20
  7. 49.80
  8. 44200.00
Click on the level to view price action history.
Symbol Released Current Forecast
Silver (XAGUSD) free Sun, 14 Apr 2024
Silver (XAGUSD) free Sat, 6 Apr 2024
Silver (XAGUSD) free Wed, 3 Apr 2024
Silver (XAGUSD) free Sat, 30 Mar 2024
Silver (XAGUSD) Sat, 23 Mar 2024
History
Daily-Trading-Opportunities on XAGUSD.