website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Silver technical chart
Symbol XAGUSD
Trade Setup

#XAGUSD
Total Profit: 4314 point
Closed trade(s): 634 point Profit
Open trade(s): 3680 point Profit

Trade Setup:
We opened 14 BUY trades @ 19.457 based on 'Hammer' entry method at 2022-11-03.

Closed Profit:
TP1 @ 19.939 touched at 2022-11-04 with 48 point Profit.
TP2 @ 20.621 touched at 2022-11-04 with 116 point Profit.
TP3 @ 21.200 touched at 2022-11-08 with 174 point Profit.
TP4 @ 22.417 touched at 2022-12-01 with 296 point Profit.
48 + 116 + 174 + 296 = 634 point

Open Profit:
Profit for one BUY trade is 23.14(current price) - 19.457(open price) = 368 point
10 trade(s) still open, therefore total profit for open trade(s) is 368 x 10 = 3680 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.
  • If the Midterm level 20.621 is broken, we will close open trades.

DateDecember 3, 2022 - 16:10
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 20.621 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 20.621 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 20.860 on 11/28/2022, so more gains to resistance(s) 24.129, 25.986, 26.940 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 71.

Take Profits:

  1. 19.939
  2. 20.621
  3. 21.200
  4. 22.417
  5. 24.129
  6. 25.986
  7. 26.940
  8. 28.304
  9. 29.850
  10. 37.500
  11. 44.200
  12. 49.800
  13. 60.000
Click on the level to view price action history.

Symbol Released Current Forecast
Silver (XAGUSD) Sat, 23 Mar 2024
Silver (XAGUSD) free Sat, 16 Mar 2024
Silver (XAGUSD) free Sat, 9 Mar 2024
Silver (XAGUSD) Tue, 5 Mar 2024
Silver (XAGUSD) free Sat, 2 Mar 2024