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Silversignals

XAGUSD New Bull Cycle but pull-back possible. Buy it.Silver (XAGUSD) easily broke through the 25.000 Target we set 2 months ago (February 15, see chart below) and invalidated the Triangle pattern as it is entering into a new long-term Bull Cycle: This was achieved as it broke above the 2-year Resistance Zone 1 and the Triangle transitioned into a Channel Up. Last week it hit Resistance Zone 2 and technically we should be expecting a medium-term pull-back as this is close to the top (Higher Highs trend-line) of the Channel Up. Note that Resistance Zone 2 was formed after the August 2020 High. We are looking for a buy within 26.500 - 26.000 to target the top of the Channel at 32.000. A Resistance Zone 2 break-out practically confirms the new Bull Cycle. We have to point out also the the 1W RSI broke last week above the 70.00 overbought barrier and is at the highest level since September 2020. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSD
by TradingShot
SILVER BUYING ON DIPS !!!HELLO FRIENDS As I can see Silver is now holding price above the Support zone and looking for more higher high as we can see other commodities has done a big up word rally but silver is still suffering... Technically it is now trading above the support so we are expecting these design levels can be hit easily with a very low risk and higher rewards Friends its just an trade idea shares Ur thoughts it helps many other traders. Stay tuned for more updates!
TVC:SILVERLong
by APEX_TRADING_ACADMEY
XAGUSD Rejection at the top of the 1 year pattern. Huge SELL.Silver (XAGUSD) reached the 25.000 Target that we set more than a month ago (February 15, see chart below) easily surpassing the 0.786 Fibonacci level and getting heavily rejected exactly at the top (Lower Highs trend-line) of the 1 year Triangle pattern: On July 20 2023, a rejection slightly lower started wave (e-f) towards the bottom of the High Volatility Zone and touched the 1W MA100 (red trend-line). This trend-line has made contact with all corrective waves of the long-term Triangle pattern. As a result, taking also into account the 1D RSI which has hit the exact 70.00 overbought barrier like on July 19 2023, we are now bearish and targeting 22.500 (expected contact with the 1W MA100). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDShort
by TradingShot
1
XAGUSD Time to turn bearish.Silver (XAGUSD) almost reached the 25.000 Target that we set almost a month ago (February 15, see chart below) but as it seems to fail to touch the 0.786 Fibonacci level, it is time to take the profit earlier and turn bearish: At least this is what took place on July 20 2023, a rejection that started wave (e-f) back inside the High Volatility Zone that touched the 1W MA100 (red trend-line). This line has basically made contact with all corrective waves since the long-term Triangle pattern started on May 05 2023. As a result, taking also into account the 1D RSI which has almost hit the 70.00 overbought barrier like on July 19 2023, we are now bearish and targeting 22.500 (expected contact with the 1W MA100). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDShort
by TradingShot
XAGUSD Buy opportunity on a 1 month horizon.Silver (XAGUSD) is on the 2nd straight green 1D candle, the strongest two day rally since December 14 2023. The natural technical Resistance is the 1D MA50 (blue trend-line) and if broken and the 1D candle closes above it, we will buy the break-out and target the 0.786 Fibonacci level at 25.000. This is because based on the 1D RSI, the current Double Bottom rebound is similar to tthe late June - early July 2023 rebound. The RSI supported by a long-term Higher Lows broke above the top of a descending channel. That was an early signal 3 days before the 1D MA50 break-out which formed a peak on the 0.786 Fib on July 20 2023. Note also how the 1W MA100 (red trend-line) has been an excellent buy level for short-term rebounds. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDLong
by TradingShot
Silver- Genuine reversal?Two days ago, I said that OANDA:XAGUSD is trading in important support and, in the eventuality of a break, the price could fall further and could drop to the next important support level. However, after flirting with 22.20-22.30 zone support, the price reversed strongly yesterday, leaving a large Bullish Engulfing candle on our chart. This price development could represent a sign of reversal and we could have continuation to the upside. As long as the horizontal support stays intact, buying dips is my preferred strategy with a target at the next important zone at 23.30-23.40
OANDA:XAGUSDLong
by Mihai_Iacob
Silver- 2000 pips drop could followMore often than not, OANDA:XAGUSD provides clearer signals than OANDA:XAUUSD when it comes to technical analysis. In contrast to its bigger brother, Silver exhibited distinct signs of weakness right from the beginning of the year. This was evident as the price broke below the ascending trend line that had originated in October (In the case of Gold, the price reversed from confluence support). Reversals from the horizontal 22.70 support in Silver were consistently hindered by the confluence of resistances around 23.50, effectively keeping XAGUSD within a range. Currently, the price of Silver has returned to the support zone. Considering the descending triangle and the price being in a downtrend, coupled with its position below significant resistance levels, a break seems highly probable. In this scenario, a drop to the 20.70 zone is possible, presenting a trading opportunity of 2,000 pips.
OANDA:XAGUSDShort
by Mihai_Iacob
XAGUSD peaked and expected to pull-back for the rest of DecemberSilver (XAGUSD) has hit a peak price amidst the geopolitical unrest this weekend (Red Sea attacks) and this is technically the Higher High of the medium-term Channel Up that started on the September 22 High. The 1D RSI is reversing already and as a target we have two technical candidates. In the past 7 months we've had 5 major corrections, the minimum being -7.61% and the maximum -13.13%. As a result our target is the minimum projection of -7.61%, aiming for 24.000. However we may even see a technical extension as low as 23.450, which will not only be the bottom of the Channel Up, but also a 1D MA50 test (blue trend-line) but more importantly the 0.618 Fibonacci retracement level, which is where the November 13th Low almost bottomed. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDShort
by TradingShot
1
XAG SILVER Neowave - Elliott Wave Theory Analysis (Medium Term)Silver is forming a potential diametric structure in the medium term and the second phase of this structure has begun. The potential route I expect the price to follow is indicated in the image (with dotted lines). The wave e of the diametric structure is estimated January 15, 2024. We can say that we will be in a bear market for the next 2 months. After that, the structure will be completed with the rise of f and the fall of g. With the completion of the structure, I think we will enter a prolonged bull market. Maybe a short but sharp rise in time, or a market period spread over time... We will analyze this in the sequel. Your support is important for me, I can say it is a source of motivation. So thank you for that.
OANDA:XAGUSDShort
by up_neowave
3
XAGUSD Giant Inverse Head & Shoulders makes it long-term bullishSilver (XAGUSD) is one of our favorite assets to analyze on the 1W time-frame, as a result of its high reliability of following long-term patterns. You can see a few examples of such successful trades we made using this time-frame below: This time we have another major pattern forming on the 1W time-frame, an Inverse Head and Shoulders (IH&S), a formation typically found on market bottoms that initiates trend reversals. Interestingly enough, the last two weeks have been ranged within the 1W MA50 (blue trend-line) and 1W MA200 (orange trend-line). This high volatility action can be an indication that a major move is approaching. Technically the IH&S patterns can target as high as the 2.0 Fibonacci extension. On such a large time-frame, this target is of course on the long-term. On the shorter-term, we may be seeing the emergence of a Channel Up that aims inevitably at the 3 year Resistance Zone. We are technically at the start of the bullish leg towards that Zone, but a 1W MACD Bullish Cross can only confirm it. Once it does, Target 1 will be 28.750 (bottom of Resistance Zone) and when the Channel Up breaks, Target 2 will be 34.500 (just under the 2.0 Fibonacci extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDLong
by TradingShot
1
XAGUSD Critical Resistance test. Trade the break-outs.Silver (XAGUSD) gave a solid rejection at the top of the long-term Channel Down (see chart below) when we looked into it on July 21 2023: This rejection gave way to the creation of the current Bearish Megaphone pattern whose low got priced on October 04. This initiated the current bullish leg which tested the 1D MA200 (orange trend-line) and almost reached Resistance 1 (23.775). As long as this holds, the selling pressure will pile up to see if the 1D MA50 (blue trend-line) will hold. If it closes a 1D candle below it, we will sell and target 22.350 (top of Support 1 and above the 0.5 Fibonacci level). If on the other hand we close above Resistance 1 (23.775), we will buy and target the top (Lower Highs trend-line) of the Bearish Megaphone at 24.300. Note that the 1D RSI is testing its own Lower Highs trend-line. As long as it remains below it, the selling pressure will keep piling up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSD
by TradingShot
XAGUSD Rebounding on the 1W MA50. Buy.Silver (XAGUSD) gave a solid rejection at the top of the long-term Channel Up (see chart below) when we last looked into it on July 21 2023: The price hit on Thursday the 1W MA50 (red trend-line), which gave the previous short-term rally in mid-August. As long as it holds (closes weekly candles above it), we expect a similar rebound, thus turning bullish targeting the Lower Highs trend-line at 24.600. Only a closing above the 0.618 Fibonacci retracement level can justify further buying into a rally. In that case the long-term target will be 26.935 (Resistance 2). Notice the 1D RSI Rectangle formation, solid buy low/ sell high trades can be made within it. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDLong
by TradingShot
2