Long Bias on Silver XAGUSD
I have a long bias on Silver, XAGUSD... key reasons..
1. Silver has already made a new all time high and after consolidation, it is making it's way back up forming a steady uptrend movement to retest the highs.
2. Silver is a utility metal unlike Gold, meaning it does have a lot of demand especially due to the growing electric vehicles industry.
3. Silver as a long term investment against the weakening USD due to the Biden $1.4 trillion USD stimulus plan + US Fed keeping interest rates near zero for the rest of 2021
Technicals
1. Alligator is pointing up
2. MACD has crossed up
3. Weakening US Dollar Index
These 3 main ideas give me a long term bias on Silver as a good long trade and now looks like a good time to go in with small positions. If it drops further, just keep taking small long positions and accumulate for future profits.
1. Silver has already made a new all time high and after consolidation, it is making it's way back up forming a steady uptrend movement to retest the highs.
2. Silver is a utility metal unlike Gold, meaning it does have a lot of demand especially due to the growing electric vehicles industry.
3. Silver as a long term investment against the weakening USD due to the Biden $1.4 trillion USD stimulus plan + US Fed keeping interest rates near zero for the rest of 2021
Technicals
1. Alligator is pointing up
2. MACD has crossed up
3. Weakening US Dollar Index
These 3 main ideas give me a long term bias on Silver as a good long trade and now looks like a good time to go in with small positions. If it drops further, just keep taking small long positions and accumulate for future profits.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.