{"id":12318,"date":"2022-07-26T10:32:16","date_gmt":"2022-07-26T10:32:16","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12318"},"modified":"2023-05-11T10:34:37","modified_gmt":"2023-05-11T10:34:37","slug":"xagusd-at-the-bottom-of-the-2-year-channel-down","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/07\/26\/xagusd-at-the-bottom-of-the-2-year-channel-down\/","title":{"rendered":"XAGUSD At the bottom of the 2 year Channel Down"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Silver (XAGUSD) has been approaching the bottom of the long-term Channel Down that has been trading in since the February 01 2021 High. This makes it an automatic technical buy targeting first the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) in extension. This is depicted on the 1D RSI as well which is rising after breaking below the 30.00 oversold level.<\/p>\n<p>As long as the bottom (Lower Lows) trend-line holds, the price action is a buy. If it breaks, we may see the price drop as low as the -0.382 Fibonacci extension, which is the symmetrical move that happened during the March 2022 war extreme.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/XAGUSD\/DpALmY4f-XAGUSD-At-the-bottom-of-the-2-year-Channel-Down\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/XAGUSD\/DpALmY4f-XAGUSD-At-the-bottom-of-the-2-year-Channel-Down<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Silver (XAGUSD) has been approaching the bottom of the long-term Channel Down that has been trading in since the February 01 2021 High. This makes it an automatic technical buy targeting first the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) in extension. This is depicted on the 1D RSI as well<\/p>\n","protected":false},"author":611,"featured_media":12319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1638],"tags":[],"class_list":["post-12318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12318"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12318\/revisions"}],"predecessor-version":[{"id":12321,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12318\/revisions\/12321"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12319"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}