Mon 24th Mar 2025 XAG/USD Daily Forex Chart Sell 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 Sell. Enjoy the day all. Cheers. Jim
Silversell
XAG/USD Bearish Reversal Incoming? | Silver 4H Analysis📉 XAG/USD (Silver) 4H Chart Analysis – Bearish Setup 🚨
🔍 Key Observations:
Supply Zone (POI - Point of Interest) 🟪: The price is approaching a strong resistance area around $33.23 - $33.50.
Liquidity Grab (LQ) & Rejection Expected ❌: The previous major liquidity zone (LQ) suggests a possible fake breakout or rejection.
Bearish Projection ⬇️: The chart outlines a potential reversal after reaching resistance, leading to a drop towards $31.00 - $30.50.
📌 Trading Plan:
Short Entry 🎯: Around $33.20 - $33.50 (if price rejects this area).
Target 🎯: Major demand zone at $31.00.
Stop Loss 🚨: Above $33.60 (to avoid fakeouts).
Confirmation Needed 📊: Look for bearish candlestick patterns (e.g., engulfing, wicks, or double top formations).
⚠️ Final Thoughts:
Bearish Bias ⚠️ unless price breaks and holds above $33.50.
Monitor market conditions 🧐—news and fundamentals could shift momentum.
🔥 Trade smart! What do you think?
SILVER-SELL strategyNo change in view. SEL @ current 22.00-22.10 and place stop-loss @ 22.75 above (changed from 22.60).
Profit order @ 21. 10 for now. The market is trying to push higher on the back of OIL price which is holding well. However, we are high stochastic and it is a warning we may turn the tide one of the coming days. For that reason still same view.
SILVER-NEUTRAL - SELLI am still convinced it is a sell, and stop 23.25 was reached... that is ok... the pattern it self and selling pressure still exists. For now still sell strategy.
Therefore, strategy is SELL @ $ 23.60-24.00 and stop above 25.20. It is medium-term view now. Objective still 21.50.
Hope better luck this time... :)
SILVER-SELL strategyI am happy I changed my mind yesterday. Silver is going south and so is GOLD.
We need to break through 24.52 to see strong down move, and I feel we may see $ 22.75 medium-term.
it is the unwinding of commodities and metals following each other. this will create JPY strength as well.
Sell current 24.60-25.00 range and place stop-loss above 26.10 for now.
SILVER-UPDATE - SELL strategyBoth Gold and Silver are showing slanted top, and it starts feeling nthat we will move to test $ 24.52 cloud support. The MACD is negative almost, and this applies to GOLD as well. Oil same, so it feels we are in a world of unwinding longs for commodities.
this will create JPY strength as well, and will help USDJPY to correct lower.
For now, abort LONG SILVER and start being on SELL side. I suggest SELL $ 25.00-25.25 and place stop-loss above 26.05.
Profit order @ 23.45.
Silver - SHORT; SELL it here!!All the PMs but especially Silver is a Major SHORT here, with a Low-risk Entry!
A Bullish G/S and a likely USD reversal here - even if potentially limited in scope - should underpin a substantial decline in all the metals, from these levels.
Charts like this are no help, either! (Stock market forced liquidations have a tendency to spare nothing and no one, not even the PMs - at least initially.)
SILVER - SHORT (Continuation); SELL it!! (... and forget it.)Much like in the old George Foreman grill commercials; "Just set (sell) it and forget it!". It's a dog but a great Short here!
Here is the "panoramic view";
It will deflate in 2 seconds flat, right along side with the rest of the currently prevalent inflation fantasies.