SILVER: Bears Will Push Lower
The price of SILVER will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
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Silver
SILVER: Market Is Looking Down! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 31.59757$
Wish you good luck in trading to you all!
SPY/QQQ Plan Your Trade For 10-2 : CRUSH Pattern TodayPlease take a minute to watch this video related to my SPY Cycle Patterns and today's CRUSH pattern.
Although I expect the markets to find support over the next 2-3 days and resume the rally higher, today's CRUSH pattern will likely prompt the markets to sell downward, looking for support.
I've clearly laid out the rotations I expect for the SPY/QQQ, and Gold/Silver in this video.
I've also shown why I believe BTCUSD will struggle to move away from the $57k to $61k level over the next 10 to 15+ days. It is likely trapped in a rolling base/bottom pattern, moving into the Flagging stage of the Excess Phase Peak pattern.
The markets are struggling for direction right now, but I believe the outcome for the SPY/QQQ is still bullish and I believe Gold and Silver will make a very big move higher into the end of this year.
Bitcoin is another story. It is searching for support and may break downward if this Excess Phase Peak pattern unfolds correctly.
Get some.
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Silver H4 | Potential bullish reversalSilver (XAG/USD) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 31.05 which is a multi-swing-low support.
Stop loss is at 30.64 which is a level that lies underneath the 78.6% Fibonacci retracement level.
Take profit is at 31.79 which is a multi-swing-high resistance that aligns with the 50.0% Fibonacci retracement level.
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XAGUSD - Bullish BreakoutSilver has been in a bullish run same as gold. The retracement serves as a good discount to join in with the rest of the buyers. The trendline breakout to the upside serves as confluence that the retracement is now over. A 1:3 risk to reward ratio is perfect for the trade
Outcrop ready for rally?After six attempts to break out the long term bearish trend line from 2007/2011, I see an actual opportunity for going long the next couple of years. The fundamentals of the company are promising and the future cycle of the commodities is the trigger.
SPY/QQQ Plan Your Trade For 10-1 : Amazing Harami PatternI wanted to create a video highlighting some of the success my SPY Cycle Patterns have had over the past few weeks and months for all of you.
Many of you don't comment on my videos but follow my research intently. I see my videos getting 250 to 400+ views daily - so I know many of you are seeing my content. And that makes me happy because I'm doing this to help you become a better, more skilled trader.
Yet, after the last few days of price rotation, and particularly today's big news day, I'm absolutely amazed that if the SPY closes above 750.45, we may end up with a true Harami-Inside price pattern.
I want all of you to consider something for just a few minutes. My SPY Cycle Patterns are built on Fibonacci and GANN technology, which attempts to map out price patterns in a matrix. From this matrix, I can develop complex lookup engines (an inference engine) that attempt to map the current price pattern with known data from the matrix.
By doing this, I can map out any construct or type of price action/pattern that happens within price—now, in the past, or in the future. And, with my complex inference engine, I can map the Fibonacci/GANN structures nearly forever into the future.
For example, here are the SPY Price Patterns for the first two weeks in November 2036...
11/1/2036 Top/Resistance
11/2/2036 GAP Potential
11/3/2036 GAP-Reversal
11/4/2036 GAP/BreakAway
11/5/2036 Break-Away
11/6/2036 Carryover
11/7/2036 Inside-Breakaway
11/8/2036 Break-Away
11/9/2036 WeekendGap/WeekdayFlat
11/10/2036 GapUp-Lower
11/11/2036 GAP/BreakAway
11/12/2036 Harami-Inside
11/13/2036 CRUSH
11/14/2036 GAP Potential
11/15/2036 Top/Resistance21
What amazes me is that these patterns are predicted more than 3 to 5+ years before the actual price moves.
Like today's Harami pattern, I'm amazed that my SPY Cycle patterns could attempt to accurately predict a Harami-Inside price pattern 3+ years in advance of it happening.
I don't know anyone on the planet who can do this research and attempt to accurately map out future price trends/moves/setups like this.
Watch this video and see why learning to use my SPY Cycle Patterns is absolutely incredible.
I'm going to work on a QQQ version next.
Let's go get some profits together.
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SILVER: Move Up Expected! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 31.88293$
Wish you good luck in trading to you all!
SILVER Is Very Bearish! Short!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 31.349.
Considering the today's price action, probabilities will be high to see a movement to 28.906.
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.
Like and subscribe and comment my ideas if you enjoy them!
SILVER BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the SILVER with the target of 29.507 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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SPY/QQQ Plan Your Trade For 10-1 : Harami-Inside PatternToday's video spends quite a bit of time going over the next 8+ trading days and why I expect the markets to continue to move upward - with the SPY targeting 595-605.
What is important to understand is that outside new events can disrupt my SPY Cycle Patterns. So, this new move by Israel to encroach into Lebanon may present some real disruptions in price activity.
But, ignoring that potential news suggests my price patterns will show price ultimately wants to melt upward.
My own personal opinion is the world has already discounted The continuing conflicts between Israel and these terrorist groups. I believe the world already knows Israel will do what is necessary to prevent further rocket/other attacks from these groups. And that's that.
So, I don't see it being a big distraction for the markets.
In fact, I see it as the natural order of how things must play out to reach a conclusion.
And I see the world's global markets moving higher as a result of these conflicts and the pending US elections.
Follow my research and ...
Get Some.
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XAG/USD Analysis: Silver Price Fails to Hold at 11-Year HighXAG/USD Analysis: Silver Price Fails to Hold at 11-Year High
As shown on the XAG/USD chart, during the trading session on 26th September, the price of silver surpassed the previous 2024 high (set in July), reaching levels last seen in December 2012.
Key drivers of silver’s price include news related to the Federal Reserve’s policy:
→ Last month, when the Federal Reserve cut interest rates, it led to a rise in both gold and silver prices.
→ However, precious metal prices dipped slightly yesterday after Fed Chair Jerome Powell adjusted expectations regarding further rate cuts this year, stating that the Fed would not rush into making more reductions.
Technical analysis of the XAG/USD chart reveals:
→ Since August, the price of silver has formed an ascending channel (shown in blue). In September, bullish sentiment strengthened, establishing points for a steeper upward channel (marked by purple lines).
→ The price surge at the end of September caused the RSI indicator to form a bearish divergence, making silver vulnerable to a correction after hitting a historic high – which is what followed.
What comes next?
It largely depends on upcoming fundamental news. Currently, silver’s price appears to be in consolidation, confined by the triangle formed by the boundaries of the two channels (shown by black lines). A breakout from this triangle could potentially lead to a significant trend forming.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
BRIEFING Week #39 : China RoaringHere's your weekly update ! Brought to you each weekend with years of track-record history..
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silver head and shoulder patternsince gold meltup this year silver also going up
but there is long term elliott wave target near $31.71
price made head and shoulder pattern than neckline breakout
now retest of neckline ( as your horizontal resistance) and target new lower low is final setup in head and shoulder pattern
Gold Builds Base : Look For Support Below $2650 For LongsMy research shows Gold will make another big move upward over the next 10-15+ days - targeting $2740-2750. But first, Gold will attempt to base/bottom near or below $2650 over the next two trading days.
My research suggests Oct 3 and Oct 4 will likely be the start of a rally phase for Gold targeting the $2750 level by Oct 14-15.
I believe traders should attempt to look for long entries below $2645-2655 and view any move below $2640 as a deep low opportunity.
Gold is still hedging the global risk factors at play throughout the world and will attempt to move above $3050 before the end of 2024.
Get ready. This is the start of the big rally phase I've been warning you about for the past 3-4+ years.
Everything I suggested would happen is taking place right now. You just have to be able to take the trades to benefit from these moves.
Get some.
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SILVER: Strong Bullish Bias! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 31.56979$
Wish you good luck in trading to you all!
SPY/QQQ Plan Your Trade For 9-30 : 2 Week ExpectationsThis video highlights two weeks of SPY Cycle Patterns and what I believe is the most likely outcome over the next 10+ trading days.
I urge traders to stay cautious as the current capital shift (related to the Fed rate cut) is transitioning. This is a process where capital is actively seeking undervalued and ignored global market sectors.
This transitioning process may mute some price action related to the US markets and forward expectations. This is almost a certainty related to the pending US elections only 30+ days away.
I'm suggesting the current melt-up trend will continue until a potential topping pattern setup near October 18-24. I still believe a topping pattern is likely just before the elections which will send the markets moving downward. Traders must be aware of this topping pattern's potential downward price move.
I do see a solid upward price move in the SPY/QQQ over the next 7 to 10+ days. There is a CRUSH pattern on Wednesday this week, but the next two weeks show identical SPY Cycle Pattern setups.
I believe this week will be somewhat volatile for traders. But the next two weeks will be rock solid to the upside.
Gold and Silver will contract a bit in early trading this week, but should start moving higher on Wednesday/Thursday. Gold will target $2750 and Silver will target $33.50-34.00.
Bitcoin is rolling, just as I expected, to the downside. I believe BTCUSD will fall to 59k-60k before finding support. I also think BTCUSD will stay rather muted throughout the end of this year (at least into and through the elections).
Here we go—another week of opportunities.
Get some.
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SILVER Bearish Bias! Sell!
Hello,Traders!
SILVER has formed a local
Head and shoulders pattern
The broke the key horizontal
Level of 31.69$ so we are
Bearish biased and we will
Be expecting a further
Move down
Sell!
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GOLD H4 RE-ACCUMULATION FINAL TP 3 000 USD🔸Hello guys, today let's review 4HOUR price chart for gold. Ongoing -RE-accumulation in progress, strong chart overall, BULLS maintaint control. Accumulation not complete yet, so we are not ready to hit 2750/3000 yet.
🔸Key s/r zones defined at 2250 usd / 2500 usd / 2750 usd / 3000 usd.
So this a list of the key s/r zones in play right now, we are trading well
above strong s/r zone at 2500 usd so currently limited downside.
🔸Previously gold accumulated ins 2300/2450 usd range before finally
breaking the 2500 usd psyuchological resistance level. Currently
2500 usd flipped from resistance to support, therefore bulls maintain
strategic advantage overall.
🔸new re-accumulation zone bulls 2565 / 2685 usd.
🔸Recommended strategy position traders: BULLS should wait for
re-accumulation to complete and buy low near 2565 usd.
initial TP is 2750 USD and towards end of 2024 - 3000 USD.
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$40 Silver in Sight? BofA Says Yes The Gold-Silver Ratio (XAU/XAG) measures how many ounces of silver are needed to purchase one ounce of gold, providing a clear example of the relative performance of each metal.
Bank of America (BofA) has argued there could be an opportunity to short gold against silver at its current ratio of 83.50, targeting a move down to 78.50 or 75.00, with an upside stop at 87.50.
A decline in the ratio can occur either if silver rises faster than gold or if gold falls more sharply than silver.
BofA’s 2024 gold price targets of $2,368, $2,538, and $2,643 have already been hit, with the next target set around $2,733. However, the bank advises caution on gold, instead hinting traders could focus on silver, which is nearing eleven-year highs. According to the bank, the ratio recently formed a double top, signaling a bullish outlook for silver. Silver’s potential upside targets range between $36.02 and $40.
KOG's RED BOXES - SILVERSILVER – 4H
31.88 break above for 32.22 / 32.58 / 33.00
31.19 break below for 30.99 / 30.71 / 30.38
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
SILVER Sellers In Panic! BUY!
My dear subscribers,
My technical analysis for SILVER is below:
The price is coiling around a solid key level - 31.627
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 31.112
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
SILVER BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Previous week’s green candle means that for us the SILVER pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 29.423.
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