TradingClear
Long

SILVER - Long on end of correction structure

OANDA:XAGUSD   Silver / U.S. Dollar
60 views
2
60 0
OANDA:XAGUSD seems to have just completed a corrective structure. If this is the case, it is a good idea to go long right about now, with a first target in the 19.6 area. Upward movement should be of an impulsive kind. However, should the price of this commodity against the dollar form a flag, there is a chance that OANDA:XAGUSD might retest the 2016 low in the $ 13.6 area.
In a long term perspective, we are definitely long on Silver , also considering that the mining AISC costs of the commodity range between $8 and $12.
Trade with care.
Don't forget to like us if you find our analyses and comments useful !
May 01
Comment: One more small leg down might be possible, looking at the 60 min chart, although not necessarily.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out