Blocked .. but very shortSilver and gold are over important level that block the price but the market pressure are short and very high.
I suggest only short positions
XAG-USD
Silver selloutAn important negative market pressure impose a lower prices to the silver in both XAGEUR or XAGUSD crosses
XAG/USD faces significant resistanceFollowing a mediate-term decline that ended in early July, XAD/USD started to trade in an ascending channel. Its highest peak was reached on September 8 when the pair tested a four-month high at 18.18. Subsequently, another pattern—a falling wedge—was formed.
Given the narrow range of the latter, it might be assumed that a breakout is likely to occur in the upcoming hours. Descending wedge is generally a bullish pattern that is formed as a minor correction against the overall up-trend. Taking this into account, Silver should push north even before reaching the lower channel boundary.
Technical indicators demonstrate that the rate should remain relatively stable both on daily and weekly time-frames, thus breaching the wedge to the upside. However, the 55-, 100– and 200-hour SMAs must be surpassed to realise the above scenario.
Bullish XAGUSD for month of SeptemberI expect price to close above the moving average for he month of September.
I'll be looking for bull signals on the daily time frame.
Entries will have a stop loss but no take profit targets. Trades will be closed when monthly candle finishes painting.
XAG/USD Channel DownThe decision to review the situation on the Silver charts was made due to the alternative it possesses to the safe investment of Japanese Yen, Swiss Franc and Gold.
The metal trades simultaneously in three various channels. On a large and medium scale patterns the metal is trading in ascending channel patterns. However, it might be more relative to day traders that the commodity price is descending in channel down pattern in the short term.
By the end of the week the metal’s price should reach the lower trend line of the most dominant channel near the 16.80 level. However, it faces the support of the 100-period SMA before reaching that level.
XAGUSD 1D chartMarcon will win in France and FED will not hike rates.
My prediction for XAUUSD is downward move.
XAG/USD Daily Update (14/03/17)Approaching support zone.
Can the bottom beige zone (16.380 - 16.86) holds?
Should it holds, we would expect price to go up to 17.25 (next resistance)
xag usd looking for short silver after break through the trendline and neckline of this little head and shoulders
sell xag/usd silver spot sl 18.5 tgt 16.5 and belowsell xag/usd silver spot sl 18.5 tgt 16.5 and below
