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Weekly forecast Silver technical chart
Symbol XAGUSD
Trade Setup

#XAGUSD
Total Profit: 1981 point
Closed trade(s): 835 point Profit
Open trade(s): 1146 point Profit

Trade Setup:
We opened 10 BUY trades @ 28.653 based on 'Valley' entry method at 2024-09-11.

Closed Profit:
TP1 @ 28.886 touched at 2024-09-12 with 24 point Profit.
TP2 @ 30.082 touched at 2024-09-13 with 143 point Profit.
TP3 @ 31.477 touched at 2024-09-24 with 283 point Profit.
TP4 @ 32.500 touched at 2024-09-26 with 385 point Profit.
24 + 143 + 283 + 385 = 835 point

Open Profit:
Profit for one BUY trade is 30.559(current price) - 28.653(open price) = 191 point
6 trade(s) still open, therefore total profit for open trade(s) is 191 x 6 = 1146 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.
DateNovember 30, 2024 - 18:38
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 26.000 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • A trough is formed in daily chart at 29.655 on 11/14/2024, so more gains to resistance(s) 31.477, 32.500, 35.000 and more heights 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 45.

Take Profits:

  1. 28.886
  2. 30.082
  3. 31.477
  4. 32.500
  5. 35.000
  6. 37.450
  7. 44.200
  8. 49.800
  9. 60.000
Click on the level to view price action history.
Symbol Released Current Forecast
Silver (XAGUSD) free Sat, 11 Jan 2025
Silver (XAGUSD) Fri, 3 Jan 2025
Silver (XAGUSD) free Sat, 28 Dec 2024
Silver (XAGUSD) Fri, 20 Dec 2024
Silver (XAGUSD) Sat, 14 Dec 2024
History
Daily-Trading-Opportunities on XAGUSD.