Silver (XAG/USD) has reacted off the pivot and could potentially drop to the 1st support which acts as a pullback support. Pivot: 30.73 1st Support: 29.82 1st Resistance: 31.36 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable...
Someone asked how I took this position. Let me explain the different reasons: 1. Two Bullish Legs: During the Asia session, XAUUSD formed two bullish legs. This suggested a pullback to the previous pivot level, even if it continues to rise in the London and NY sessions. 2. Bearish Flag Pattern: The trading range resembled a bearish flag, indicating a likely...
Silver rose over 2% in Thursday’s Asian session, eventually prompting gold to try and catch up. Yet gold’s ‘rally’ was lacklustre in comparison, and with silver pausing near a resistance cluster, we’d prefer to fade fold below $2350 for a move lower. Silver has stalled around a high-volume node (HVN) and trend resistance. RSI (2) is overbought and prices have...
XAG/USD is falling towards a support level which is an overlap support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 29.91 Why we like it: There is an overlap support level which lines up with the 23.6% Fibonacci retracement. Stop loss: 28.90 Why we like it: There is a pullback support level which...
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Bearish Channel as an Corrective Pattern in Short Frame RSI - Divergence Break of Structure Completed " 1234 " Impulsive Waves S / R Level
SILVER has failed to close above recently created liquidity pools, confirming to me that order flow to the downside will continue. Price continuously enters points of interest and keeps being rejected to the downside. If the next 4H bar closes out strongly in the red, we can see a continuation of this sell.
XAG/USD is rising towards a resistance level which is an overlap resistance that is slightly below the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 29.91 Why we like it: There is an overlap resistance level which is slightly below the 50% Fibonacci retracement. Stop loss: 30.88 Why we like it: There is an overlap...
XAG/USD is falling towards the pivot and could potentially bounce from this level to the 1st resistance which has been identified as an overlap resistance. Pivot: 28.76 1st Support: 27.96 1st Resistance: 30.23 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading...
On the 15-minute chart, XAUUSD is breaking below crucial support trendlines, suggesting an increased bearish momentum. The weakening support, indicated by the failure to sustain above these trendlines, points to a potential decline towards lower support levels. Traders should be cautious as the breakdown may accelerate selling pressure, leading to further downward...
XAG/USD has reacted off the resistance level which is an overlap resistance level that lines up with the 38.2% Fibonacci retracement and could fall to our take profit. Entry: 30.06 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 30.88 Why we like it: There is a pullback resistance level. Take...
The Silver (XAG/USD) is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 28.83 1st Support: 27.70 1st Resistance: 30.08 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors,...
XAG/USD is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 30.06 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement. Stop loss: 30.88 Why we like it: There is an overlap resistance...
Silver, the lustrous metal often overshadowed by its golden counterpart, experienced a remarkable price surge last month. While gold continues to hold a certain allure, it's silver that's been making headlines. Let's delve deeper into the factors that propelled silver to the forefront of the precious metals market. A Tale of Two Forces: Supply and Demand The...
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Bearish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Resistance Level
XAG/USD is falling towards a support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 30.151 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 29.763 Why we like it: There is an overlap support...
Price is rising towards a resistance level which is an overlap resistance that aligns with te 50% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 30.912 Why we like it: There is an overlap resistance level which lines up with the 50% Fibonacci retracement. Stop loss: 31.788 Why we like it: There is an overlap...
The current XAUUSD chart shows that gold is approaching the final stages of its trading range cycle, indicating a potential bearish breakout. The chart reveals a series of lower highs and consistent tests of the support zone, suggesting weakening buying pressure. The resistance zone, highlighted in red, has successfully rejected price advances multiple times. We...
Silver (XAG/USD) is rising towards the pivot and could reverse from this level to the 1st support. Pivot: 31.307 1st Support: 29.779 1st Resistance: 32.289 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors,...