SILVER : WEEKLY TRADE PLAN UPDATEhi traders and followers.. i wish u all the best in your trading
so this is my trade plan for this week. For those who are unfamiliar with the trade plan and structure, please see my earlier post.
as for silver.. Silver is trading sideways and showing rejection at $23.14 after last week's breakout to a new low on the daily chart.
again same with gold.. any breakout below 21.66265 is opportunity to buying dip
❤️Please, support this idea with like and comment!❤️
Silvershort
Silver- Strongly bearish under 22.50Yesterday I've argued that Silver can drop hard if it breaks the flag pattern.
After the spike on FOMC XagUsd has dropped again, giving us a clear signal that the pressure is on the sell-side and at this moment is trading at 22.60, exactly above the horizontal short-term support and the ascending trend line of the flag.
I maintain my bearish outlook and I'm looking to sell rallies or directly the break.
The target can be the measured one at 21 or, in the short term, 22.30, the recent low support
Silver- Sell the breakIn yesterday's comment, I said that Silver is weaker than Gold and bulls don't have power.
As we can see from the H1 chart, the rise from the recent low is very anemic and is drawing a bearish flag.
I expect a break down for silver and short term traders can target 21 zone for a more than 1:3 R:R
Silver can drop to 19Unlike Gold, Silver is weaker and the price couldn't correct the drop, instead consolidated in a tight range.
At this moment the price is exactly in a strong support zone and considering the incapacity of correcting, I expect a break and a hard fall for XagUsd
My target is 19 and only Silver back above 23 would negate this bearish scenario
XAGUSD Weekly TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
SILVER SYMMETRICAL PATTERNHello
Welcome to this analysis about SILVER , we are looking at daily timeframe perspectives. SILVER in recent times heavily decreased with bearishness however it now moved into an oversold condition. SILVER is developing here that will be a decisive factor in the upcoming times. I discovered the main formation SILVER is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how SILVER has emerged with this key SILVER SYMMETRICAL PATTERN marked in my chart with the black boundaries. SILVER is near support region which is an important support and also psychological support-mark together with the lower-boundary of the SILVER SYMMETRICAL PATTERN a pullback
In this manner, thank you for watching my update-analysis about SILVER and its major SILVER SYMMETRICAL PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
SILVER : REVERSAL HEAD & SHOULDER FORMATION | SHORT VIEW 🔔 Welcome back Traders, Investors, and Community!
Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
SILVERSILVER
1H time frame
Short position
Short position on silver with obviously some bumps in between which i will be doing future trade analysis's on so make sure to check them out when uploaded.
TP1 : 23.684
TP2 : 23.518
If you like my analysis and brief give it a thumbs up.
If you have any questions please feel free to leave a comment below or send me a direct message.
THE CRYPTO PLANET
Silver: Some Room Left! ↕️↕️↕️Chances are good that the silver price will still increase a little bit further and approach an area just below $25.50. With this move, the orange wave number iv should be completed, and the market should be able to continue its journey to territories below $20.
Bears ahead!
SILVER FALLING PATTERNHello
Welcome to this analysis about SILVER , we are looking at daily timeframe perspectives. SILVER is developing here that will be a decisive factor in the upcoming times. I discovered the main formation SILVER is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how SILVER has emerged with this key channel pattern marked in my chart with boundaries. which is an important Support and also psychological support-mark together with the lower-boundary of the channel-formation a pullback
In this manner, thank you for watching my update-analysis about SILVER and its major channel-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
XAGUSD UPDATESilver, like gold, failed to break through the trendline level.
If the price breaks through the 23.44 mark, it may be possible to short once more.
targeting 21.8 and 21.4
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
happy trading to all
Silver Price Movement Breakdown Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
The XAGUSD price has broken out and dropped from 25.96 to 22.08 in the last couple of days near a 14% drop in price, the Market was trending in a downward channel but it has been broken on Aug 9 where the price dropped from 24.31 and created a long shadow Bearish candle and hit the 22.10 range. The XAG/USD has a critical support around $23.20. A break lower would expose the $23.00 area that if broken, should trigger a bearish acceleration.
The market price was able to stabilize a bit after that drop and it's trending 23.55 right now.
We can notice a couple of scenarios for the market price movement for the next few days.
Scenario 1:
The Market price is trending at 23.45, near the first support level at 23.27 the Bulls will try to gain control back but most likely they will fail and the price will drop even more and its gonna be headed near the major support area at 22.84, where the real battle between the Bulls and Bears will be. If the Bears were able to keep control then a further drop in price will happen.
Scenario 2 :
The market price is trending at 23.45 if the Bulls were able to get some support behind them then we could be seeing the price going up and hitting the first resistance line at 23.70, Then The Bulls will test the bears strengths at that level, if they fail and the bears took control then we will see what's happening in Scenario 1 come to life, If the bulls were able to break that resistance level then we could be seeing a small bounce back up near the 24.13 level.
Technical analysis showing :
1) The Market price is below the 5 10 20 50 100 200 MA and EMA, Strong sell signal
2) The MACD below the zero line showing that the market is in a Bearish state, with a negative crossover between the MACD line and Signal line.
3) The ADX at 37.25 showing that the market is currently trending, with a negative crossover between DI+ (10.59) and DI- (41.77).
Support & Resistance points :
support Resistance
1) 23.275 1) 23.705
2) 23.025 2) 23.885
3) 22.845 3) 24.135
Fundamental point of view :
Silver is marginally lower on Tuesday, as it remains far from the $22.10 bottom of the crash it suffered on Monday. During the American session, XAG/USD bottomed at $23.22. The metal again was able to find support around the $23.20 area and bounced to the upside.
The upside in silver remains limited despite gold rising almost $10 in a few minutes. Silver is following gold with the recovery but at a slower speed. Both metals managed to recovery despite higher US yields but were supported by an improvement in risk sentiment.
Volatility eased during the last hours but is set to remain at extreme levels on the coming session, even as metal stabilize. On Wednesday, inflation data from the US is due, and it will be watched closely as it could affect expectations about Fed’s monetary policy.
After the sharp decline on Monday, the outlook is still bearish for silver. In the very short term, a break above $23.45 (downtrend line) should alleviate the bearish pressure, and would clear the way for a test of the daily high at $23.68. According to fxstreet
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
Silver could dive againUnlike Gold, Silver corrected the steep Monday's drop in the same day, and confirmed old support as resistance.
In the past days the price consolidated in a range and a new drop is probable at this point.
I will look to sell rallies and only a close above resistance would change my bearish opinion
Silver: Bearistan! 🧸🧸🧸With the silver price sliding again, our primary scenario, that this trend will continue, gets more and more backing. We are expecting the price to go down all the way below $18.62. Another important mark on the way there is at $21.81. If the price crosses this support line, too, then we can prepare to enter the blue box.
Have a great start to the week!
SILVER top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.