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Silversignals

XAGUSD Multi-decade Cup & Handle?Silver pulled back on Friday and today along with most major commodities due to the USD showing strength on the incredible Nonfarm Payrolls numbers. All this short-term price action though can be viewed as nothing but noise on one pattern that has been developing since 1980 and may be close to completion. I am using the very rare in financial analysis yearly time-frame where each candle represents 1 year. As you see since 1980, XAG has been forming a giant Cup & Handle (C&H) pattern. This formation tends to break aggressively to the upside once completed. Two elements play a key role here: * The 31.000 level and * The 1Y MA50 (blue trend-line). As you see during the formation of this pattern, Silver may have made its All Time High (and Double Top assuming 1980 was very close) at $50 but it is the $31 level that plays a critical part on a yearly basis as Silver has never closed a year above it even though it broke it four times. At the same time during the formation of the C&H, the price never closed below the 1Y MA50 (blue trend-line) and only had marginal wick breaks (6 times), which makes this the strongest Support. What makes the case of this pattern even stronger is that last year also almost bounced off the 1Y MA50. Investors should therefore keep an eye on the 31.000 level. If we manage to close this year (or any as a matter of fact) above it, then it will be a major first bullish sign that the Cup and Handle is close to being completed and that new ATH will follow. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> pablito1986z --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSD
by TradingShot
5
XAGUSD approaching the 9 month SupportSilver has been printing Lower Lows since the May 18 High and is now close to the 23.750 Support, which has been holding since December 15, 2020. If the 1D MA50 Death Cross is avoided (may have a March 2020 effect if it doesn't), then we can expect the Support to hold and rebound back to the Lower Highs trend-line. In that case, the target is 26.700 (just below the 0.618 Fibonacci retracement level). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> sikret --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSDLong
by TradingShot
2
SILVER forecast - went into correction mode and might extend furSilver is witnessing quite a huge dip today, opened gap down below the support area, seeing further massive sell-off , this correction might extend further as i see a probability of cypher pattern on the daily chart and the support of cypher pattern also aligns with weekly support around 64810- 63000. Hence , even if we se any rally in the coming trading session , it might get consumed in another selloff. Conclusion : short term trend is definitely bearish, but intermediate and long and long term trend is still bullish, so as a investor one can wait for 65000 - 63000 levels as an investment zone.
MCX:SILVER1!Short
by manuagarwal21
XAGUSD (SILVER) SELLING FROM RESISTANCE ZONE !As i can see silver is getting rejection from the drawn resistance zone in chart and now looking for a retrace to till design Tp as we can see $ is getting some Strength and we will sell this pair with a very low risk and looking for a higher rewards selling silver is based on the given chart and it is pretty easy to get understand even for a new trader hope so u like this idea Dont forget to push like it will be a great effort for us & help us to provide u more analysis Follow us for more updates
OANDA:XAGUSDShort
by APEX_TRADING_ACADMEY
SILVER (XAGUSD) Buy signal towards the August HighPattern: Ascending Triangle on 1W. Signal: Buy as the price rebounded right before testing the 1W MA50 (blue trend-line) with the RSI trading sideways supporting trading within the Triangle. Target: 27.700 short-term (the 1.382 Fib extension) and 29.700 (August High). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> kylevd23 --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSDLong
by TradingShot
6
XAGUSD Buy SignalPattern: Channel Up on 1D. Signal: Buy as the price rebounded at the bottom (Higher Lows trend-line) of the Channel and a Bullish Cross is emerging on the 1D MACD. Target: 29.600 (the 1.382 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSDLong
by TradingShot
7
Silver Weekly TimeFrame Analysis 01/02/2021as we can see we have few resistance areas and a heavy zone before reaching our Fibonacci projection parallel leg levels and we have specified it as our TP areas if the price continue its rally in the specified Chanel the Arrows so does the date for our TP occur ON time as we have specified them by Fibonacci time Zones i believe this commodity is under valued so we have some chance to purchase it and invest on it it has a long term horizon yet worth of thinking abut it please comment your opinon
OANDA:XAGUSDLong
by BitonGroup
6
SILVER (XAGUSD) BUYING ON DIPS Hello friends as i can see Silver is reached @ our 2nd Tp which was given in previous analysis last Friday it was closed above a strong support zone and holding this level as we can see Stimulus 1.9 Trillion $ also approved and it can effect $ and make more weakness in $ DXY in future also technically 2 major confirmations a strong support and a kiss to Trend line show bulls are again active in the market so guys trade silver with low risk and looking for higher rewards Friends push like and comments we love to answer your questions Follow us for more updates
OANDA:XAGUSDLong
by APEX_TRADING_ACADMEY
1
XAUUSD SHORT As forecasted!!!!XAUUSD is heading south. I had missed a trade late last night on this pair short. As forecasted on Sunday, Silver is going down. We are coming up to some key traffic areas . Lets see what type of reaction we get before entering. I will be looking for some good continuation patterns. Silver will fill the Daily IMB and Weekly IMB short at some stage. Lets see what the next two days of Price action presents itself. Long positions, I will wait for my key Areas to get hit first and I will wait for some confirmation before entering. CONSISTENCY IS THE KEY TO SUCCESS!!!
OANDA:XAGUSDLong
by Jake-from-the-trading-Cartel
1
SILVER Buy SignalPattern: Channel Up on 1D. Signal: Buy as the price is testing the 1D MA50 (blue trend-line) which is providing Support since December 15, 2020. Target: 29.900 (August's Resistance) and if you are seeking more risk, then 31.500 (the 1.382 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> alanmasters --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSDLong
by TradingShot
14
Silver Multi-Timeframe analysisHi Traders Silver Multi-Timeframe analysis H1 CHART A low probability, entry signal to go LONG was given at 27.118 after the market found support at 26.847 . Only the downward break of 26.847 would cancel the bullish scenario. Support & Resistances 27.039 27.510 26.816 27.652 26.528 27.940 H4 CHART A medium probability, entry signal to go LONG was given at 26.544 after the market found support at 25.863 . Only the downward break of 25.863 would cancel the bullish scenario. Support & Resistances 25.757 30.075 24.683 32.545 20.496 36.732 DAILY CHART The market is approaching the support at 25.888 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 24.160 level. Support & Resistances 25.888 27.912 24.160 30.075 21.884 32.545 WEEKLY CHART Waiting for a retracement lower towards the 21.653 support level, in order to reinstate LONG positions. Next important support is the 18.932 level. Support & Resistances 21.653 30.075 18.932 34.662 16.512 42.844 Every time frame mentioned looks bullish. However, short term on 30 min i see a lot of bearish pressure.
TVC:SILVERLong
by Avramis
2