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XAGUSD: Sell the bounce. Top about to be completed. Silver reached the top of the 3 month Channel Up, naturally on a bullish 1D technical outlook (RSI = 62.183, MACD = 0.939, ADX = 32.693) and since 3 days it got rejected to the 4H MA50 today. The 2 bullish waves before that show that this is technically the last bounce before the top is formed. We are ready to sell this back to the bottom of the Channel Up, targeting the 0.5 Fibonacci level (TP = 32.500). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAGUSDShort
by InvestingScope
2
XAGUSD: If this Bearish Cross happens, it's a sell.Silver is bullish on its 1D technical outlook (RSI = 63.461, MACD = 0.757, ADX = 29.627) but hit yet again the top (HH) of the Channel Up and got rejected. The metal has gained recently due to the tensions in the Middle East and after today's much stronger than expected Nonfarm Payrolls report, it should see a retrace as the USD is expected to gain, while the geopolitical tensions ease. The last Channel Up correction hit the 0.618 Fibonacci level, so any sell target above it and the 1D MA50, is justified (TP = 30.400). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAGUSDShort
by InvestingScope
2
KOG's RED BOXES - SILVERSILVER: Key level here is 29.63 with the bias being bullish above. Retracement needed with support just below at the red box which will need to break to go lower. Have a look at the previous pinned posts on Red boxes to familiarise yourself with how they are so effective in keeping traders the right side of the markets. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
OANDA:XAGUSD
by KnightsofGold
XAGUSD ( UNDER UPWARD PRESSURE ) ( 4H )XAGUSD HELLO TRADERS Tendency under bullish pressure after the price create a bullish flag pattern TURNING LEVEL : a blue line between resistance and support level around 30.05, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level RESISTANCE LEVEL : there is a green line around 30.84 and 31.49 , indicates selling have already increase this level , so if the price stable turning level reach this level SUPPORT LEVEL : there is a red line below turning level around 29.39 and 28,88 , indicates buying have already increase this level , so if the price breaking turning level reach this level PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 30.05 , after rising to the resistance level around 30.84 , then stable above this level reach 31.49 , if the price breaking turning level reach a support level at 29.39 , then stabilizing below this level reach a 28,88 TARGET LEVEL : RESISTANCE LEVEL : 30.84 , 31.49 SUPPORT LEVEL : 29.39 , 28,88
OANDA:XAGUSDLong
by ArinaKarayi
XAGUSD: Bullish Megaphone going for its top.Silver is almost overbought on its 1D technical outlook (RSI = 68.691, MACD = 1.067, ADX = 40.719) as it reversed last week's minor pull-back. Being supported on the 1D MA50, the current Bullish Megaphone pattern is aiming for its top. We are expecting a +33.66% rise (TP = 34.500), same as the first Bullish Wave. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAGUSDLong
by InvestingScope
1
SILVER (XAGUSD): The Next Key Resistances 🪙 Silver is unstoppable. Following Gold strongly bullish sentiment, XAGUSD keeps breaking key resistances, one after another. In comparison to Gold, Silver still has multiple historic resistances to pay close attention to. Resistance 1: 26.8 - 26.95 area Resistance 2: 27.9 - 28.72 area Resistance 3: 29.8 - 30.1 area Look for pullback/breakout trades from these key structures. ❤️Please, support my work with like, thank you!❤️
OANDA:XAGUSDLong
by VasilyTrader
1
XAGUSD: Neutral on 1D. Use this LH trendline to trade.Silver is on a neutral 1D technical outlook (RSI = 45.485, MACD = -0.282, ADX = 24.810) as despite a straight downtrend since December 22nd 2023, it has registered three successive green 1D candles that pushed the price over the LH trendline of the December 4th 2023 High and the 0.382 Fibonacci retracement level. Technically, if the price stays over the LH trendline, it is a buy as every time it breached the 0.382 Fibonacci level, it rebounded over the 0.5 Fibonacci again (our TP = 23.750), except for September 29th 2023. Consequently if it crosses back under the LH trendline again, we will short and target the long term HL trendline (TP = 21.200). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAGUSD
by InvestingScope
XAGUSD: Approaching a buy level.Silver has turned bearish on the 1D timeframe (RSI = 38.233, MACD = 0.035, ADX = 37.062) as it has been on a continuous decline since the December 4th top. The price is already under the 1D MA200 and the 1D MA50 and even touched the 0.382 Fibonacci level. The 0.236 - 0.382 Fibonacci range has been the most common Support since April but in order to rebound the price tends to require from the 1D RSI to enter the S1 Zone. We will go long when it does and target the 0.618 Fibonacci (TP = 24.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAGUSDLong
by InvestingScope
SILVER (XAGUSD): Technical Outlook & Trading Plan 🪙 Silver is currently trading within a narrow horizontal range on a daily. 23.20 – 23.43 is the support of the range. 23.93 – 24.14 is the resistance of the range. Bullish breakout of the upper boundary of the range will give you a strong bullish signal. Daily candle close above will confirm the violation. A bullish continuation will be expected to 24.70 then. ❤️Please, support my work with like, thank you!❤️
OANDA:XAGUSDLong
by VasilyTrader
1
XAGUSD: Channel Down confirmed sell signal.Silver has failed to close a 1D candle over the 1D MA50 for four straight sessions and as it previously did on the 1D MA200, this is a bearish signal. Its confirmation is the 1D MACD that formed a Bearish Cross and each time the market has done so since April, inside this long term Channel Down, a new Low was made. Even the 1D technical outlook just turned bearish (RSI = 44.205, MACD = -0.090, ADX = 34.407) and today's late session rise gives us a better opportunity to enter a short and target the top of the S1 Zone (TP = 20.850). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAGUSDShort
by InvestingScope
SILVER, This Crucial FORMATION is About to Activate the BEARS!Hello There! Welcome to my newest analysis of SILVER from several timeframe perspectives. The recent determinations within the SILVER price are so severe that I saw no other approach besides deeply analyzing the current bearish indication within my analytics backend and approaching the most acute indications here. Especially, as SILVER is emerging with these heavily accelerated bearish pullbacks liquidating the bulls in the market and penetrating the still remaining supports the major bearish dynamics are increasing more and more and should not be underestimated. The DXY, U.S.-Dollar Index is trending towards the upside with one new higher after the other together with the more than $100 Trillion market-cap bonds market trending towards the upside this is setting up a huge bearish sentiment for the asset of SILVER as investors open interest declines in SILVER and the bears are expecting the bulls to be roasted. In chart terms this means that SILVER on the weekly timeframe perspective is building this gigantic descending triangle foramtion that will be completed with a final breakout below the lower boundary and from there on the major bearish targets of 19.015 will be the minimum target of this gigantic descending triangle formation. There are also many other factors that indicate the major bearish breakout and net long-liquidation scenario to emerge in the next times especially because SILVER is forming this major wave count on the lower timeframe perspectives with the bearish wave A setting the momentum of the bearish wave count. Now within this local wave-count SILVER is forming the ascending wedge as the main flag pole bearish wave B that is going to set up the origin of the bearish wave C extension once it has been completed. Together with the descending triangle, this is going to be a double confirmation, the major descending triangle on the weekly, and the bearish wave count on the local. Taking all the factors into consideration here, SILVER is in a highly bearish condition with the major market developments decreasing the net-long open interest in SILVER as well as the grievous bearish formations that are setting up the next bearish waves to emerge within the next times. In this case, once the bearish momentum curve accelerates into the final target zones it will be important to determine how SILVER continues from there on because with a massive bearish pressure, there is also the potential that SILVER just continues beyond the target zones. In this manner, thank you everybody for watching my analysis of SILVER. Support from your side is greatly appreciated. VP
COMEX:SI1!
by VincePrince
7
SILVER, Ascending-Wedge COMPLETED, Determinations and Targets!Hello There! Welcome to my new analysis about SILVER on several timeframe perspectives. As I pointed out in my previous ideas SILVER is in a more bearish condition with the bonds market being up as well as the DXY being up. These factors already point to a more bearish global term perspective for SILVER. Now a major consideration is the local term as well as there can be a major turning within the local term also and as I recently detected SILVER now completed a major formation as well as several other signs of an substantial reversal to setup and elevate important dynamics that should not be underestimated. Currently there is a massive volatility move to be considered within the upcoming dynamics. As when looking at my chart, SILVER recently showed up with this determining bearish momentum, this momentum broke out below the lower boundary of the ascending triangle-formation and printed an determining bearish spike towards the downside from where SILVER is now approaching the initial target-zones and is likely to continue with the bearish continuations as there are still several resistances within the area especially determined by the descending-resistance-line. The fact that SILVER now completed the major ascending-wedge-formation and already increased the bearish momentum activated the target-zones at 23.65, 23.25, and 22.85 as they are marked in my chart. Currently the DXY is setting up a major breakout into higher spheres as I mentioned in recent ideas, this means that such a breakout within the DXY is validating the bearish cause for SILVER. Also net short-positions held by institutionals increased further within the recent times which is also supporting a major drop in the price-action. Within the whole dynamics SILVER now continued with the origins of the ABC-wave-count with the wave A already completed as SILVER broke out below the lower boundary, the wave B is likely to pullback off the upper resistance if they are reached otherwise the wave B could also have a contracted amplitude. Once the target have been reached further considerations about the price-action need to be made and therefore we are putting SILVER on the watchlist for the upcoming price-action considerations. On the global term there is still a major formational structure developing which could point to an even larger breakout dynamic and volatility momentum once it has been validated. Thank you for watching my analysis. Support from your side is greatly appreciated. VP
TVC:SILVER
by VincePrince
5