Get started

Silversignals

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
XAGUSD Massive success on last trade now looking for the next!Silver (XAGUSD) gave us a very successful sell trade on our last analysis (see chart below) on April 12: The price rebounded right before hitting the 21.715 Pivot because it touched the 1W MA200 (orange trend-line). Even though May's rejection was done at the top (Lower Highs trend-line) of the Channel Down that started in August 2020, we may witness the break-out above this bearish structure finally as since the August 29 2022 bottom, a Bullish Megaphone and later a Channel Up are guiding the price action. On top of that, Silver is completing the first 1W Golden Cross since May 2020. In any case we will not jump on this impulsively but rather wait for a clear bullish break-out signal, which will be if a 1W candle closes above the Lower Highs trend-line. In this case we will target Resistance 1 (26.230) and Resistance 2 (26.935) respectively. If the price gets rejected on the Lower Highs instead, we will wait for a buy on the 1W MA50 (blue trend-line). Notice also the 1W MACD Bullish Cross that is about to be formed, indicating that a continuation of the current uptrend might be more probable than a rejection. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSD
by TradingShot
8
BluetonaFX - SILVER CHART UPDATEHey Traders, This chart ideas was shared last week. We shared targets and highlighted that if we saw support break below 23.854 pivot point, we will see the level below open to 22.904. This was hit perfectly once the level was broken. We are now seeing the SILVER PIVOT CHANNEL (OUR UNIQUE WAY TO DRAW CHANNELS) bottom being respected. UPDATED LONG RANGE TARGETS TARGET 1 - 23.854 TARGET 2 - 24.681 TARGET 3 - 25.097 TARGET 4 - 25.518 As long as price maintains above this level we should see a test to our targets above. We will trade this movement in stages from support to resistance and maintain a Bullish stance overall. Please like, comment and follow to support us, we really appreciate it. BluetonaFX
TVC:SILVER
by BluetonaFX
2
XAGUSD First major sell signal in 3 months!We had a blast with our buy signal on Silver (XAGUSD) in late February as we caught the exact bottom on the oversold 1D RSI: Now the tide is turning as the STOCH RSI on the 1W time-frame is vastly overbought and is waving the first sell signal after more than 3 months. This doesn't mean that the price can't extend slightly its rise, but this is an optimal level to start adding sells based on our long-term strategy. Right now the price is just above the 0.618 Fibonacci level, having broken above the dashed Lower Highs but is near the dotted Lower Highs. A max extension near the March 07 2022 High and the 0.786 Fib isn't likely but isn't unrealistic at the same time. As mentioned though, that is good enough for us to sell and as of today we switch back to being bearish on Silver, targeting initially the 2 year Pivot at 21.750. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDShort
by TradingShot
1
XAGUSD Our great masterplan continues to work to perfection.Since early last year, we have been following a certain buy low/ sell high approach on Silver (XAGUSD) after we identified that it has been trading inside a 2-year Channel Down: We most recently turned bearish again on precisely the right time on our previous January 31 sell call: Right now however, with the price having broken on Friday below the 1D MA200 (orange trend-line) for the first time since November 30, it hit the 20.625 Support formed by the November 21 Low. This is potentially the formation of the Right Shoulder of a giant Head and Shoulders (H&S) pattern. With the 1D RSI deep below the oversold barrier, this is were we will attempt our first medium term buy targeting the (green) Symmetrical Resistance Zone and the 1D MA50 (blue trend-line), any of the two gets hit first. We will attempt an additional buy entry near the Higher Lows trend-line (holding since the September 01 Low), as this would complete a -19.50% decline, similar to the June 06 - July 14 pattern. Its target was a +15.10% rise to the 0.618 Fibonacci, but again we will settle for just the (green) Symmetrical Resistance Zone and the 1D MA50 as targets. ------------------------------------------------------------------------------- ** 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
XAGUSD Hanging on a tight thread about to turn bearish.Silver (XAGUSD) couldn't have gone better since our September 12 buy signal as following the Lower Lows Double Bottom, it not only broke above the 1D MA50 (blue trend-line) and 1D MA200 ( orange trend-line), but also made a new Extreme High on the 1.382 Fibonacci extension . As you see, we've charted Silver's pattern since February 01 2021, which is a Channel Down, most effectively viewed using the Fibonacci channel levels. This is basically the pattern we used to analyze the metal 3 months ago, and it helped us call accurately that bullish break-out. At the moment, with a slight modification to better adapt to the new Highs and Lows, we see that Silver is has been pushing downwards on the 1.382 Fib treating it as strong of a Resistance so far as the March 08 High during the Ukraine - Russia war. Now of course the fundamentals are not the same but technically since the price broke below the 1D MA50, the confirmation of the downtrend will come if it breaks inside the Ichimoku Cloud, which is exactly where today's low hit. That was the Bearish Signal on the April 19 2022 Ichimoku breach. If that happens, we can see a nose-dive even as low as the 0.382 Channel Fib. Notice also how the RSI on the 1W time-frame is being rejected on the Resistance Zone which since February 2021 was rejected and formed all major Lower Highs of this Channel Down. In order for us to call for a bullish extension and invalidation of this long-term bearish trend, we ideally want to see XAGUSD closing above the 0.786 horizontal Fib, which failed to get tested during the March was High. In that case we will target initially the 26.900 March High on the short-term. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSD
by TradingShot
2
Silver could drop 2k pipsSince the low back in June 2022, Silver has traded in a range and although there were 4 attempts for a break under 18usd figure and even a false break at the beginning of September, bulls held strong and finally won the battle. XagUsd started to rise in October and broke above the resistance of the 6 months range in November. A nice rise followed and the precious metal has gained more than 6k pips in 3 months if we count from the bottom to the top. However, at this point, Silver looks like it wants to correct and the first and the second trading days of the year are Pin Bars. The ascending trendline is also broken to the downside and these could be signs of an imminent drop. My strategy is to sell rallies against 22.80 with a target at the 22 zone. Also, a deeper correction could drive the price even at 21 important support.
OANDA:XAGUSDShort
by Mihai_Iacob
4
XAGUSD Hit the extreme top of the 2 year Channel Down.Silver (XAGUSD) couldn't have gone better since our September 12 buy signal as following the Lower Lows Double Bottom, it not only broke above the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), but also made a new Extreme High on the 1.382 Fibonacci extension. As you see, we've charted Silver's pattern since February 01 2021, which is a Channel Down, most effectively viewed using the Fibonacci channel levels. This is basically the pattern we used to analyze the metal 3 months ago, and it helped us call accurately that bullish break-out. So what now? With a slight modification to better adapt to the new Highs and Lows, we see that the rejection 3 days ago is so far as strong as the March 08 High during the Ukraine - Russia war. Now of course the fundamentals are not the same but technically as long as the price is below the 1.382 Channel Fib, we should see a 1D MA50/ MA200 test, at least on the short-term. If after that the price fails to regain the 1D MA50, we can even see a nose-dive back to the 0.382 Channel Fib. Notice also how the RSI on the 1W time-frame just entered the Resistance Zone which since February 2021 was rejected and formed all major Lower Highs of this Channel Down. In order for us to call for a bullish extension and invalidation of this long-term bearish trend, we ideally want to see XAGUSD not just closing above the 1.382 Channel Fib but above the 0.786 horizontal Fib, which failed to get tested during the March was High. In that case we will target initially the 26.900 March High on the short-term. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSD
by TradingShot
3
XAGUSD Huge sell opportunitySilver (XAGUSD) has been trading since September exactly like we wanted it to, as we have been tracking its long-term Channel Down pattern correctly: Our 1D MA200 (orange trend-line) target has been hit, with the price also marginally breaking above the top (Lower Highs trend-line) of the Channel Down (Fibonacci level 1.0). That doesn't call for a bullish extension towards the 1.382 Fib like the Ukraine - Russia was extreme did, as the price quickly retraced back below the 1D MA200. This continues to replicate the rebound after the Internal Lower Lows, which is the fractal that helped us take that buy trade on September. That sequence, following the 1D MA200 rejection, pulled-back to the 0.236 Fibonacci level. Since the current top on the September - November bullish leg was made a Fib level higher, we are setting the targeted low higher as well, on the 0.382 Fib instead of the 0.236. The next buy opportunity would be when the 1D RSI hits the 30.000 oversold barrier again. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDShort
by TradingShot
1