silverSilver has formed a nice wedge formation on its 4-hour chart. If the wedge breaks, the first target will be the 35 USD region.
Silverlong
SIlver (XAGUSD) Bullish Plan For Coming DaysAs Expected Monthly Candle Close above $30,30. October Low Sweep, So I am Bullish in December because Order Flow is Bullish of Gold and Silver, In New Month Price will Tap in FVG Then Bullish Move Expected. Follow With Risk Management.
SILVER IS BULLISH TO $34!Silver Long / buy idea
On high timeframes monthly & weekly silver is bullish and currently at a higher low which also aligns very nicely with a strong support level which is being rejected.
On the daily timeframe the SMA's have crossed and the market does look to have pulled back and is currently rejected that price level which is good confluence that the trend is changing on the lower time frames to a bullish trend, which again is confluence of a bullish market due to the overall trend being bullish as shown on higher time frames
On the daily & 4hr the fib also aligns very nicely with other technical factors, the market has touched the 61.8% retracement level and looks to be rejecting that area.
The fib gives a target price of $34 which is slightly under the ATH. I would st stop at around $29 to give some protection from the support level, if price does pull back down then the support is there to act as a barrier to rebound the market and stop us from bing stopped out.
1:4 RR on this trade with a potential 12% ROI.
SILVER possible longs2024/12/11
M1 : Currently Bullish tapping into the
demand zone
W1: MSS towards bearish side
D1 : Bullish
4H : Consolidating
Narrative : Overall Monthly leg is bullish >
Weekly is currently Bearish > Daily has shifted
from bearish to bullish probably retracing
towards the weekly premium zone > 4H is
currently consolidating > when 4H turns bearish
and comes towards the D1 fresh OB we can look
for the long trade
Case 2 : Price has already tapped the weekly
premium zone and IMB, so if the 4H doesnt show
any reaction on 4H and do a MSS on daily leg
we can look for short trade too.
SILVER - Idea for a long !!Hello traders!
‼️ This is my perspective on SILVER.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I want price to continue the retracement to fill that huge imbalance and then to reject from bullish OB.
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Bullish on Gold and Silver
Do you remember the previous post? 😉
Gold and silver moved as we expected. They showed some weakness in reaching the "Nice areas..." I highlighted this in the previous chart.
So what's next?
As I think we will see another rate cut from the US Fed I think that would be a decent driver for Gold and Silver to get a bit more stronger and don't go lower than the "Nice areas" that I highlighted.
For Silver, I see a very good potential for a move higher towards $36 (I hope before February) and for Gold, I think we can expect a bit more strength from buyers to push Gold to $3000 this year on a slow and steady pace.
Stay tuned for the next updates . . .
Silver's Next Big Move: A High-Probability Trade to $34.88!This trade is based on a clean 4-hour FVG (Fair Value Gap) setup. The FVG displaced above a short-term high, confirming a bullish structure shift, and subsequently retraced into a high-probability FVG. This type of retracement often offers strong entries with minimal risk while aligning with the higher timeframe directional bias.
Key Levels to Watch:
- Entry Zone: Within the retraced 4-hour FVG.
- Immediate Target: HTF (Higher Timeframe) buyside liquidity at 34.88981.
- Stop Loss: Positioned below the 4-hour FVG to protect against invalidation of the setup.
Conclusion: This setup leverages a textbook ICT concept, utilizing displacement and retracement into a high-probability zone. If the price continues respecting the FVG and bullish structure, the HTF buyside liquidity target at 34.88981 becomes highly achievable.
DYOR (Do Your Own Research)!
Mon 25th Nov 2024 XAG/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAG/USD Buy. Enjoy the day all. Cheers. Jim
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SILVER:Long trading strategy
There is no major change in thinking, the recent silver has been following the rhythm of gold bulls, today silver is also low bullish, near 30.70-30.90 can be directly more, this is the low of the two days of retrace, the upper target is 31.50-32
SILVER:Today's strategy to do low - based long
Yesterday's silver is also surging all the way, long and short rapid conversion, today's thinking to follow the trend bullish, back pedal is more opportunity, silver attention 30.90 is a new support, strong support 30.40, there is a chance to back pedal 30.90 long. The target is 31.3-32.6
Silver Gains Traction: Short-Term Upswing Expected● Silver continues to exhibit a robust uptrend, having recently touched an all-time high of 34.9 before retracing to its key support zone around 29.8.
● Following a successful bounce off this level, the metal is now regaining momentum, positioning itself for further gains.
● Notably, the immediate resistance level – aligned with the 50% Fibonacci retracement, just 3% above the current price – presents a prime short-term buying opportunity for traders to ride the anticipated upswing.
SILVER - Potential long !!Hello traders!
‼️ This is my perspective on SILVER.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. We have hidden divergence and price could reject from bullish OB. As well on H4 we have regular divergence, so after BOS I will open a long.
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Silver is in the bullish trend after testing supportHello Traders
In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET
today XAGUSD analysis 👆
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Rebound Silver up. H4. 29.10.2024Rebound Silver up 📈
In silver, the price corrected rather weakly and went further up to rebound to the strategic resistance at 35.50. After that I expect a downward correction, but not a major reversal. Judging by the options, the strategic expectations are around 37.50 and that is where a major reversal down may come. Now 35.50 looks like an intermediate correction.
CAPITALCOM:SILVER
Silver - Just Starting The Parabolic Rally!Trading update on Silver ( TVC:SILVER ):
Click chart above to see the detailed analysis👆🏻
Silver just perfectly completed the bullish break and retest and is about to reject the next horizontal resistance level. However everything is still significantly bullish and I honestly do expect a breakout soon. Following the previous cycle, Silver might rally another +35% from here.
Levels to watch: $34, $45
Keep your long term vision,
Philip (BasicTrading)
XAGUSD (Silver) still BullishMonthly Chart
The monthly candle is still bullish.
Weekly Chart
Weekly candle closed as indecision candle while the trend is still bullish and we are expecting the price to at least retrace towards the middle of previous IPA (or FVG) candle of previous week and then resume higher. Next Target above 35.15 level.
Daily Chart
We will be looking a bullish structure around 32.47 or slightly lower for a buy entry. Next target around 35.15 level.
Silver long term view Silver is yet to confirm it's breakout from the 6 year bullish wedge accumulation after breaking out in 2020.
Since then we've seen consolidation in the range between 20 - 30.
Short term target of 36 after confirmation using the fib extension, but this, as we all know has the potential to go miles above that.
A classic double bottom to wrap it all up I'm sure would take place as shown on the chart.
All the best.
Cheers,
Sky
SILVER Rockets Beyond All Targets – 6,000 Points Secured!SILVER Futures (15m time frame), Long Trade
Entry: ₹92,508
Current Price: ₹98,451
All Targets Hit!
Key Levels:
Entry: ₹92,508 – Positioned after a clear bullish breakout from consolidation, following a strong uptrend.
Stop-Loss (SL): ₹91,769 – Placed below recent support to manage risk in case of a reversal.
Take Profit 1 (TP1): ₹93,420 – Already hit, confirming momentum continuation.
Take Profit 2 (TP2): ₹94,896 – Successfully reached, indicating a sustained buying interest.
Take Profit 3 (TP3): ₹96,373 – Achieved, reinforcing the trend strength.
Take Profit 4 (TP4): ₹97,285 – All targets met, signaling a powerful bullish surge.
Trend Analysis:
The price movement stayed well above the Risological Dotted Trendline, indicating strong bullish momentum. Each take profit level was hit, showcasing a clear uptrend without significant pullbacks.
The long entry capitalized on a breakout of consolidation with growing volumes. The continuation of higher highs confirms that buying pressure remains strong, allowing all targets to be comfortably reached.
With the current price significantly above all targets, the trade has yielded excellent returns.
SILVER - Potential long trade !!Hello traders!
‼️ This is my perspective on SILVER.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. My point of interest is imbalance filled + rejection from trendline and LZ.
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Silver Lining: Breakout Signals Imminent Price SurgeThe price previously formed a Falling Wedge Pattern, and after breaking out, it entered a phase of consolidation.
This led to the emergence of a Symmetrical Triangle pattern on the chart, and with a recent breakout, silver is now trending upward.
Key level to watch
First target - $32.2
Second target - $33.0
It is recommended to set a strict stop-loss just below the $30.9 level to mitigate significant losses.
XAUUSD Bullish setup this week**Monthly Chart**
XAGUSD last monthly candle closed bullish after testing the liquidity of Jan 2013 liquidity pool.
The monthly engulfing candle indicates a high probability for Sliver to continue its trend higher at least to take liquidity above the 33.00 (round number) level. It also suggests that the near target high is around 36.00 and then 37.50 (Oct 2012 and Feb 2012 swing highs) Levels
This month's candle, which is still active, tested the imbalanced price action (or FVG) at around 30.00. It moved aggressively and took the high of the previous month.
**Weekly Chart**
Last weekly candle of Silver closed slightly bullish after sweeping liquidity from previous weeks lows. This gives a strong trend momentum for the price to head higher at least to hunt the liquidity above the 33.00 level. The weekly candle closed as a key reversal high.
**Daily Chart**
Last week Silver started a new swing high after it took the liquidity below 30.55 level and head higher.
This week we will be looking for a bullish structure and opportunity to at least target 33.00. This is around 200 pips moves expected on this pair.
Unraveling Silver's Price Puzzle: Volume Profile AnalyticsH ello,
As I draft this article, the price of silver is currently hovering above the key level of $31.2. This level is considered "key" because it represents a significant point where large buy and sell forces meet, as indicated by the volume profile at the bottom.
The importance of this level is further confirmed by the price action itself. Silver has been in a moderately strong uptrend, as suggested by the linear regression on the candles. However, the uptrend was interrupted at this price, and from September 24 until now, silver has been struggling to overcome the supply and push the price higher. You may observe how volume grows around this level, in a so-called "zone", and decreases as the market moves towards the zone borders. It's both a supply and a demand zone as indicated further by how the price usually returned into the zone after going out from it.
Between October 9 and October 14, the market absorbed significant sell forces. Absorption means that there were sellers, but the sum of the buying volumes (what I call buy force) negated the sell force's impact on the price. You can observe it on the chart where relatively tall sell volume deltas belong to candles of the opposite price action - Yellow volume delta candles to green price candles. Furthermore, if you observe it, you can also see that the buy force moved the price upwards against the sales. Additionally, for the first time since September 24, the demand outweighed the supply for a relatively extended duration.
Overall, the chart signals that it's an important time for silver's price. The market is in a balanced state where demand matches supply. However, if you look at the trend within this balanced state, you find a moderately strong uptrend. Thus, despite the balance, the trend projects higher prices in the future.
Regards,
Ely
