Silver is in the bullish trend after testing supportHello Traders
In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET
today XAGUSD analysis 👆
🟢This Chart includes_ (XAGUSD market update)
🟢What is The Next Opportunity on XAGUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Silver
SILVER Retesting Support - Continuation Toward 31.80?OANDA:XAGUSD recently broke above a key resistance zone, which has now turned into a support area. The price is currently retesting this level, creating a potential opportunity for buyers to step in and continue the bullish momentum.
If the support holds and we see bullish confirmation, such as rejection candles or a bounce, the price is likely to move higher toward the $31.80 level. This setup reflects a classic break-and-retest scenario, signaling potential trend continuation.
Let me know your thoughts or if you have additional insights on this setup!
SPY/QQQ Plan Your Trade For Feb 4, 2025: Rally PatternToday's rally pattern will attempt to provide some relief related to the recent breakdown in the SPY. Overnight, the ES/NQ rallied to FILL THE GAP. So, today, I believe the SPY will attempt to rally back above 600-601, then stall out and consolidate.
Today may be a "GO GOLFING" day in the markets.
I would not advise anyone to get Uber-Long in the markets right now. My research suggests the markets will roll downward near the end of this week - seeking the DEEP-V bottom/base I've predicted near 2-10~2-13.
Gold and Silver should attempt another rally phase over the next 3 to 4 days. I expect metals to continue to rally into this expansion phase, and I'm initially targeting $3200 for gold.
Bitcoin is trapped in a big Excess Phase Peak pattern that I believe will resolve into a breakdown price trend.
The Deep-V and other breakdown patterns, which my cycle research says are pending, will drive Bitcoin downward, possibly targeting the $72k levels again.
Today may be a relatively FLAT type of Rally day. So, play cautiously.
Get some.
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Silver H1 | Falling to overlap supportSilver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 31.29 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 31.06 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 31.97 which is a level that aligns with the 127.2% Fibonacci extension.
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SILVER Is Bullish! Long!
Take a look at our analysis for SILVER.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 31.579.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 33.065 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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SILVER SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so SILVER is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 30.622.
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Silver Analysis by zForex Research TeamSilver Gains as U.S. Factory Growth and Market Deficit Support Prices
Silver rose above $31.5 per ounce, staying near its highest level since early December, as easing trade war fears and strong manufacturing data increased demand. While Trump imposed 10% tariffs on China and 25% on Canada and Mexico, a delay in Mexico’s tariffs reduced concerns over protectionist policies. The ISM reported improving U.S. factory activity, strengthening silver’s outlook as a key industrial metal. Meanwhile, the Silver Institute projected a fifth consecutive market deficit in 2025, driven by strong industrial demand and retail investment, outweighing weaker jewelry and silverware demand.
Technically, the first resistance level will be 31.80 level. In case of this level’s breach, the next levels to watch would be 32.50 and 32.90. On the downside, 30.90 will be the first support level. 30.20 and 29.30 are the next levels to observe if the first support level is breached.
SPY/QQQ Plan Your Trade Feb 3, 2025 Afternoon UpdateWell, it seems everyone did quite well playing my prediction of a breakdown (again) in the markets today. Last week, I continued to warn the markets were very fragile and would likely break downward aggressively.
Of course, the political drama (tariffs) helped to move the markets a bit this weekend. But, still, it was great to hear from everyone who made a healthy profit today.
GET SOME.
I also have been getting questions about the RALLY - RALLY - (counter-trend) RALLY setting up on Tuesday, Wednesday, and Thursday this week. So, I created this video to help you understand why I believe those RALLY days will be rather muted on Wednesday/Thursday and maybe a type of topping pattern on Tuesday.
I see the markets as breaking downward (breaking away from the dual Excess Phase Peak patterns), and because of that, I see the markets should attempt to move aggressively downward over the next 15+ days. I don't see any reason for the markets to mount a big rally right now - unless we are talking about a pullback in a downtrend.
So, watch this video, pay attention to what I see, and then we'll see how things play out.
Go GET SOME. This is a true trader's market.
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SPY/QQQ Plan Your Trade For 2-3-25 : Breakaway PatternOn a day like today, where the markets broke down with a huge GAP downward, what can I say except...
Just like I predicted.
For months I've been warning of the Jan 21-23 Inauguration peak/top that will lead to a Deep-V breakdown on Feb 9-12. And, like clockwork, the markets peaked just after January 23 and rolled downward into the breakdown phase - headed towards my Deep-V base/bottom setup near Feb 9-12.
At this point, I'm just going to sit back and collect my profits. You should be doing the same thing today - BOOK those profits.
Gold and Silver are moving into an upward CRUSH pattern. It could be very explosive.
Bitcoin has broken downward again - just like I predicted.
Over the next 30+ days, the markets will enter a very volatile and rotating price phase. Be prepared for wild price rotations.
This is a true trader's market. Go get some.
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XAGUSD Analysis: Bullish Trend Faces Resistance – What’s Next?👀 👉 In this video, we analyze XAGUSD (silver) in detail. While it has been in a bullish trend on the higher timeframe, it is currently trading into resistance and appears overextended. On the four-hour timeframe, we can see a bearish break in structure. My overall bias remains bullish, but I’m waiting for a break of the current high, followed by a retest and fail, before considering an entry. This is not financial advice.
Short Term Pain for Long Term GainAfter an amazing and wild week last week, I believe tomorrow will be the start of an even crazier one. Trump Tariffs, Oil and Gas up along with the US Dollar, while tech is on the verge of another break down. Will Bitcoin finally break below 89k, while Gold and Silver possibly break to the upside? Exciting times if you're ready for it.
Bullish Momentum Catching Up in SilverThe Price has been on a quite choppy rise. It gives rise to several possible interpretations for the structure, but after several weeks of waiting it seems like it was creating a strong accumulation of orders, setting a base if you may, before taking off strongly to the upside. In the Wave Principle context we might be seeing a series of waves 1 & 2, no finally moving into the latter stages of a minor wave three.
The commodities market tends to display its strongest phase of the cycle in its last leg, leading me to believe that we are about to experience an aggressive rally during the minor wave five of higher degree wave three.
The rally hit a minor pause on Thursday and moved sideways for the rest of the week, however the break up should come swiftly after this coming week starts.
I do need to see the price respect the Friday low at around 31.12 for the view to hold. We might see some slight variations on the theme but a continued move below said level throw a wrench on the setup as a whole.
Happy Trading :)
LITECOIN BITCOIN (BEST-CASE)Like Bitcoin, CRYPTOCAP:LTC is first and foremost a digital currency that can be exchanged peer-to-peer, untrusted and securely, very quickly and at minimal cost.
The modifications made to the Bitcoin blockchain to give rise to Litecoin’s blockchain required only minor efforts in terms of IT development, as most of the innovation came from Bitcoin.
Nevertheless, Litecoin’s strength lies in the fact that these changes are few but significant:
A ”proof of work” that uses the Scrypt hash function rather than SHA-256 for Bitcoin
Block creation four times faster, with an average interval of 2.5 minutes instead of 10 minutes
Total number of units four times greater, with 84 million instead of 21 million
Mining difficulty changes every two and a half days instead of every two weeks
On the other hand, as with Bitcoin, the issuance of new litecoins is halved every 4 years (halving): since August 2019, miners have received 12.5 litecoins as a reward for each block validated.
BRIEFING Week #5 : Still Patient...Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Weekly Market Forecast Feb 2-7thThis is an outlook for the week of Feb 2-7th.
In this video, we will analyze the following FX markets:
ES \ S&P 500
NQ | NASDAQ 100
YM | Dow Jones 30
GC |Gold
SiI | Silver
PL | Platinum
HG | Copper
The indices were not easy to trade last week, as there were plenty of fundamentals at play. However, they are relatively still strong, and I am looking for further gains next week.
NFP week, imo, is best traded Mon-Wed. Thurs will likely see consolidation until the NFP news announcement Friday morning. I will look to fade the news release on Friday for NY Session.
Enjoy!
May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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SILVER: Short Trading Opportunity
SILVER
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short SILVER
Entry Point - 31.324
Stop Loss - 31.671
Take Profit - 30.750
Our Risk - 1%
Start protection of your profits from lower levels
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SILVER // bull trend in sync across major timeframesThe trend has just become bullish across the monthly, weekly, and daily timeframes, however, the market is still in an accumulation phase.
Each dashed level represents an untested breakdown that requires attention from the buyers.
If the market transitions into the expansion phase, the Fibonacci target levels on the weekly and daily timeframes become valid targets.
Key Fundamentals
Silver has experienced significant price movements, driven by industrial demand, supply constraints, and macroeconomic factors. As of late January 2025, silver is trading at $33.88 per ounce, reflecting a 3% decline after a two-week rally that pushed it to nearly 13-year highs. Despite the recent pullback, silver has surged 40% over the past year.
Key Factors
Industrial Demand:
Silver is widely used in solar panel manufacturing and electronics, with industrial demand reaching a record 654.4 million ounces in 2023, marking the third consecutive year where demand outpaced supply (Investopedia).
Supply Constraints:
Global silver supply has struggled due to weaker mine production and labor strikes in major producing countries like Mexico. These disruptions have contributed to a supply deficit, further supporting higher prices (Wall Street Journal).
Investment Demand:
Economic uncertainties and lower interest rates have driven investors toward precious metals as safe-haven assets. The iShares Silver Trust alone saw $856 million in inflows, reflecting rising investor interest (Wall Street Journal).
Macroeconomic Factors:
The Federal Reserve’s recent interest rate cuts have increased the appeal of non-yielding assets like silver. Meanwhile, China’s increased investment in silver, partly due to gold import restrictions, has further bolstered demand (Wall Street Journal).
Actionable Insights
Bullish Case:
Continued Industrial Demand: With ongoing growth in renewable energy and electronics, silver demand is expected to remain strong.
Supply Deficits: Ongoing production challenges could sustain upward price pressure.
Bearish Case:
Economic Recovery: If the global economy recovers faster than expected, investor preference may shift away from safe-haven assets, leading to a price decline.
Interest Rate Increases: If central banks reverse course and raise interest rates, the appeal of non-yielding assets like silver could diminish.
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
Clean (not yet tested) breakdown - dashed green
Clean (not yet tested) breakout - dashed red
———
Stay grounded, stay present. 🏄🏼♂️
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SILVER SHORT FROM RESISTANCE
Hello, Friends!
SILVER pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 30.534 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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XAGUSD: Channel Up has started new rally to 37.000Silver turned bullish on its 1D technical outlook (RSI = 59.696, MACD = 0.197, ADX = 24.838) as it has validated the start of the new bullish wave of the long term Channel Up. The price has been detached from the 1D MA50 and is approaching the December 12th high. The 1D RSI is expanding a rebound from a Double Bottom much like Silver's previous low on August 7th 2024. So far the Channel Up has had two bullish legs of 33.47% and 31.67% respectively. Assuming a slight rate of decline on each subsequent bullish wave, we anticipate the current to reach +29.15% and we are targeting a little under it (TP = 37.000).
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Plan Your Trade : Behind The Scenes - Learning PerspectiveI created this video to help answer a question from a follower.
One of the biggest concerns for traders is how to use my research/info in a way that benefits them.
My Plan Your Trade videos are based on Daily & Weekly price patterns/cycles. I won't delve into the Intraday research much because it is almost impossible to predict 2 to 10-minute price bars/action throughout the day when new hits and external price data may dramatically change how price moves throughout the day. I would have to continue making videos every 30 to 45 minutes to help you understand the dynamics of intraday price action.
Either way, watch this video to learn a bit more about my research and why I'm trying to help traders learn to make better decisions.
I'm really not here to tell you what to trade - or when to trade. I'm here to help you learn to make better trading decisions ON YOUR OWN.
I try to help you learn to become a more knowledgeable and skilled trader by sharing some of my advanced research and demonstrating patterns, setups, price levels, and Cycle Patterns.
The only thing I can do to help you become a better trader is to help you learn better skills and techniques. If you treat trading like gambling, you'll go broke (often). If you understand trading as a process of grabbing profits when efficient and limiting risks, you'll survive and grow your account over time.
It's really that simple.
Get some.
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