XAGUSD - When Is The Best Time To DCA?
Aktualisiert
Utilising the most recent dealing range from the 6th Sep 2024 - 4th Oct 2024, we can establish where the equilibrium is located which means it is easier to differentiate premium prices from discount.
Currently as it stands, Silver is trading at a premium and those looking to dollar cost average further into Silver should not be looking at anything above $30.32 as, although we could see a reversal before then, you would be incurring drawdown risk (heat as i like to call it) as there are higher time frame imbalances that has the opportunity to be filled, especially taking into factor the dollar index printing risk off conditions.
Set your alert at $30.89, $30.36 & $29.71.
If you want to play conservative, you could buy physicals or paper at these levels.
Don't worry about further decline (especially if your a physical DCA investor) as Silver is the type of investment that you hang onto for years.
Currently as it stands, Silver is trading at a premium and those looking to dollar cost average further into Silver should not be looking at anything above $30.32 as, although we could see a reversal before then, you would be incurring drawdown risk (heat as i like to call it) as there are higher time frame imbalances that has the opportunity to be filled, especially taking into factor the dollar index printing risk off conditions.
Set your alert at $30.89, $30.36 & $29.71.
If you want to play conservative, you could buy physicals or paper at these levels.
Don't worry about further decline (especially if your a physical DCA investor) as Silver is the type of investment that you hang onto for years.
Trade geschlossen: Ziel wurde erreicht
The market has already booked into a discount, allowing smart money and investors to add to their position.
I do believe we can see $30 which i will be waiting for before adding to my position
Trade geschlossen: Ziel wurde erreicht
Silver has rounded off @ the 50% equilibrium of the immediate dealing range.
Best time do dollar cost average will be now all the way down to $29.71 - $29.18
Anmerkung
Sharp rally from when discounted prices was booked.
Yesterdays close was above Wednesday's high with $31.39 next up
Anmerkung
Weekly close
Haftungsausschluss
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