TheRealPeaches
Long

Happy New Year: Silver

FX_IDC:XAGUSD   Silver / U.S. Dollar
Just a quick note with Silver             , monthly chart.

As with Gold             , we have the same rounded bottom formation. We also have a break of a longterm down trendline , which is now acting as support.

We should at least expect a test of the 18-19 area. However, 19 presents potent resistance. Breaking and closing above 19 on a monthly basis could shift the whole structure, and a run to the 25 area becomes possible.

I do not have a position Silver             . Yet. in a bullish environment, Silver             possible presents the cleanest trading opportunity - IF we can just get beyond 19. If 19 proves too difficult, we return to more consolidation for Silver             , and will review the situation then.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out