{"id":12452,"date":"2022-09-12T09:26:22","date_gmt":"2022-09-12T09:26:22","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12452"},"modified":"2023-05-12T09:29:23","modified_gmt":"2023-05-12T09:29:23","slug":"xagusd-hit-the-1d-ma50-major-break-out-possible","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/09\/12\/xagusd-hit-the-1d-ma50-major-break-out-possible\/","title":{"rendered":"XAGUSD Hit the 1D MA50. Major break-out possible!"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Silver (XAGUSD) hit today its 1D MA50 (blue trend-line) for the first time in 4 weeks (since Aug 17). It did so after rebounding on an Internal Lower Lows trend-line similar to that of August 09 &#8211; September 29 2021. This is basically the formation that emerged within the 1.5 year long-term Channel Down pattern that has been dominating the bearish trend since the February 01 2021 market high.<\/p>\n<p>The Aug-Sep 2021 fractal rebounded after hitting the Internal Lower Lows and following the 1D MA50 break-out, it hit the 1D MA200 (orange trend-line) on the 0.786 Channel Fib retracement. Notice that both fractals made the 1D MA50 test on the 0.382 Fib. The 1D RSI patterns among the two are also similar. As a result, if the price closes above the 1D MA50, we will target the 1D MA200 or the 0.786 Fib (whichever comes first, most likely th 0.786 Fib will).<\/p>\n<p>We are only willing to short if the price closes below the Channel Down and target the Bearish Extreme of -0.382, just like the Bullish Extreme of the March 2022 Russia &#8211; Ukraine war, targeted the 1.382 Fibonacci extension.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/XAGUSD\/BSplgW2m-XAGUSD-Hit-the-1D-MA50-Major-break-out-possible\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/XAGUSD\/BSplgW2m-XAGUSD-Hit-the-1D-MA50-Major-break-out-possible<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Silver (XAGUSD) hit today its 1D MA50 (blue trend-line) for the first time in 4 weeks (since Aug 17). It did so after rebounding on an Internal Lower Lows trend-line similar to that of August 09 &#8211; September 29 2021. This is basically the formation that emerged within the 1.5 year long-term Channel Down<\/p>\n","protected":false},"author":611,"featured_media":12453,"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-12452","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\/12452","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=12452"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12452\/revisions"}],"predecessor-version":[{"id":12455,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12452\/revisions\/12455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12453"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}