XAG/USD, D1
On the daily chart, the instrument was corrected to the middle line of Bollinger bands. MACD histogram is in the negative region, the signal line crosses the zero line and the body of the histogram downwards, forming a signal for opening short positions.
XAG/USD, H4
On the 4-hour chart, the instrument grows along the upper border of Bollinger bands, the price range is widening. MACD histogram is in the positive region, the signal line crosses the zero line and the body of the histogram upwards, forming a signal to open long positions.
Key levels
Resistance levels: 14.45, 14.59, 14.70, 14.77, 14.90.
Support levels: 14.36, 14.23, 14.15, 14.05, 13.99, 13.93, 13.88.
Trading tips
Long positions can be opened from the current level with the target at 14.90 and stop loss 14.10.
Short positions can be opened from the level of 14.05 with the target at 13.88. Stop loss is 14.15.
Implementation period: 3–5 days.
Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 14.41
Take Profit 14.90
Stop Loss 14.10
Key Levels 13.88, 13.93, 13.99, 14.05, 14.15, 14.23, 14.36, 14.45, 14.59, 14.70, 14.77, 14.90
Alternative scenario
Recommendation SELL STOP
Entry Point 14.05
Take Profit 13.88
Stop Loss 14.15
Key Levels 13.88, 13.93, 13.99, 14.05, 14.15, 14.23, 14.36, 14.45, 14.59, 14.70, 14.77, 14.90
On the daily chart, the instrument was corrected to the middle line of Bollinger bands. MACD histogram is in the negative region, the signal line crosses the zero line and the body of the histogram downwards, forming a signal for opening short positions.
XAG/USD, H4
On the 4-hour chart, the instrument grows along the upper border of Bollinger bands, the price range is widening. MACD histogram is in the positive region, the signal line crosses the zero line and the body of the histogram upwards, forming a signal to open long positions.
Key levels
Resistance levels: 14.45, 14.59, 14.70, 14.77, 14.90.
Support levels: 14.36, 14.23, 14.15, 14.05, 13.99, 13.93, 13.88.
Trading tips
Long positions can be opened from the current level with the target at 14.90 and stop loss 14.10.
Short positions can be opened from the level of 14.05 with the target at 13.88. Stop loss is 14.15.
Implementation period: 3–5 days.
Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 14.41
Take Profit 14.90
Stop Loss 14.10
Key Levels 13.88, 13.93, 13.99, 14.05, 14.15, 14.23, 14.36, 14.45, 14.59, 14.70, 14.77, 14.90
Alternative scenario
Recommendation SELL STOP
Entry Point 14.05
Take Profit 13.88
Stop Loss 14.15
Key Levels 13.88, 13.93, 13.99, 14.05, 14.15, 14.23, 14.36, 14.45, 14.59, 14.70, 14.77, 14.90