Moving Average Support and Resistance Levels

Moving Averages can be used as points of support & resistance on xagusd charts.

When xagusd price reaches the moving average, the Moving Average level can act as a point of support or resistance for the xagusd price.

Buy XAGUSD Signal

If xagusd price is on an upward silver trend & starts to retrace, then most traders might wait to buy at a better xagusd price when the xagusd price hits a support level. Silver Traders will sometimes use the Moving Average to determine the support level.

A buy silver signal is generated when xagusd price hits the Moving Average, turns and starts moving in the upward silver trend direction. The silver signal is confirmed when xagusd price closes above the Moving Average. Because many silver traders use the moving averages to generate xagusd trading signals, xagusd price will normally react to these levels.

A stop-loss should be set just below the Moving Average silver trading XAGUSD Silver Trading Indicator. Ideally it should be set a few pips below the previous low.

How to Trade Silver with Moving Average Strategy

Sell Silver Signal

If the xagusd price is on a downward silver trend & starts to retrace, then most traders might wait to sell at a better xagusd price when the xagusd price hits a resistance level. Silver Traders will sometimes use the Moving Average to determine the resistance level.

A sell silver signal is generated when xagusd price hits the Moving Average, turns and starts moving in the downward silver trend direction. The silver signal is confirmed when xagusd price closes below the Moving Average. Because many silver traders use the moving averages to generate xagusd trading signals, xagusd price will normally react to these levels.

A stop-loss should be set just above the silver moving average indicator. Ideally it should be set a few pips above the previous high.

Sell Silver Signal - How to Trade Silver with Moving Average Strategy

Resistance Level turns Support Level

In Silver Trading - When a resistance level is broken it turns into support & vice versa.

This happens when the fundamentals of a silver trend change and consequently the direction of silver. Direction change is reflected by the moving average silver technical indicator, the direction is confirmed when resistance level turns into support area or vice versa (when support area turns into resistance area)

Resistance Level turns Support Level - Moving Average Silver Trading Strategy Examples