XAG/USD, H4
On the 4-hour chart, an uptrend is forming. The instrument left the sideways corridor formed by the boundaries of Bollinger bands, breaking out its upper border. The price range has expanded, which indicates the likely preservation of upward dynamics in the short term. The MACD histogram is in the positive area, gradually increasing volumes, the signal line moves horizontally along the zero line, without forming a clear signal to enter the market.
XAG/USD, D1
On the daily chart, the uptrend is still in force, the instrument is being traded in the middle line of Bollinger bands, the indicator cloud is narrowing. The MACD histogram is around the zero line, its volumes are minimal, the signal line is preparing to cross the zero line downwards, after which a sell signal will be generated.
Key levels
Resistance levels: 18.03, 18.22, 18.69.
Support levels: 17.72, 17.49, 17.37, 17.25, 17.07, 16.87.
Trading tips
Long positions can be opened in the short term from the current level with the targets at 18.22, 18.50 and stop loss 17.60.
Short positions can be opened from the level of 17.49 with the target at 17.00. Stop loss is 17.75.
Implementation period: 1–3 days.
Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 17.87
Take Profit 18.22, 18.50
Stop Loss 17.60
Key Levels 16.87, 17.07, 17.25, 17.37, 17.49, 17.72, 18.03, 18.22, 18.69
Alternative scenario
Recommendation SELL STOP
Entry Point 17.49
Take Profit 17.00
Stop Loss 17.75
Key Levels 16.87, 17.07, 17.25, 17.37, 17.49, 17.72, 18.03, 18.22, 18.69
On the 4-hour chart, an uptrend is forming. The instrument left the sideways corridor formed by the boundaries of Bollinger bands, breaking out its upper border. The price range has expanded, which indicates the likely preservation of upward dynamics in the short term. The MACD histogram is in the positive area, gradually increasing volumes, the signal line moves horizontally along the zero line, without forming a clear signal to enter the market.
XAG/USD, D1
On the daily chart, the uptrend is still in force, the instrument is being traded in the middle line of Bollinger bands, the indicator cloud is narrowing. The MACD histogram is around the zero line, its volumes are minimal, the signal line is preparing to cross the zero line downwards, after which a sell signal will be generated.
Key levels
Resistance levels: 18.03, 18.22, 18.69.
Support levels: 17.72, 17.49, 17.37, 17.25, 17.07, 16.87.
Trading tips
Long positions can be opened in the short term from the current level with the targets at 18.22, 18.50 and stop loss 17.60.
Short positions can be opened from the level of 17.49 with the target at 17.00. Stop loss is 17.75.
Implementation period: 1–3 days.
Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 17.87
Take Profit 18.22, 18.50
Stop Loss 17.60
Key Levels 16.87, 17.07, 17.25, 17.37, 17.49, 17.72, 18.03, 18.22, 18.69
Alternative scenario
Recommendation SELL STOP
Entry Point 17.49
Take Profit 17.00
Stop Loss 17.75
Key Levels 16.87, 17.07, 17.25, 17.37, 17.49, 17.72, 18.03, 18.22, 18.69