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XAG

Silver - A 50% Long Setup. Trade Only. No HODL.In a post on Silver from June, I analyse that a run to $33 is on deck: Silver - 33 Moons And An Options Opportunity In the time that has passed, we've had two ~10% bounces that have been sold off. To me, this is a peculiar pattern for a trendline play that leads to new lows in the immediate term future, and represents confirmation that $33 is on deck. However, I'm also expecting a very bearish September across all markets, which I outline in a recent call on Nasdaq: Nasdaq Futures - Are You Prepared For Red September? Because I believe that we'll have a giant rally that takes out the tops of a lot of things heading into the end of 2023, and 2024 will mark the beginning of the real economic calamity. When it comes to silver and gold being bullish in the long term, they should be, but the market manipulators will keep price supressed for a few reasons. The first is that a renaissance in precious metals, or even a bubble in precious metals, will amount to promoting bullion, coins, bills, and even ore. These things are mankind's traditions, and are at odds with the current International Rules Based Order (IRBO) pseudo-Chinese Communist Party culture that more or less wants to install something like a cross between Shanghai's Zero-COVID social credit system and the Taliban. The second is that China, which is still governed by the CCP and Xi Jinping, has bought an incredible amount of gold in recent times, if reports are true and not fabricated at least. And so a short raid on precious metals would amount to a de facto economic sanction against China, which the IRBO claims to be de-risking against. Moreover, if something should happen to the Party, whether that be natural disaster, a greater pandemic, Xi performing a Gorbachev-style coup against the Party overnight, or Heaven finally dealing with the CCP's 24-year persecution and organ harvesting genocide against Falun Dafa's 100 million spiritual practitioners, because China holds so much gold, there will be open selling into the market. Prices will crash because the very wealthiest families on this planet are safeguards of tradition and will take advantage of the situation to purchase back that physical bullion and jewellery at record low prices amid the chaos. "Buy when there's blood in the streets, even if it's your own," they say. So here's the current call on silver. The fake double top below the early May gap at $25.5~ is definitely manipulation. It's traded back too far and hasn't shown any bullishness to give us confidence that we're going to go from $23 to $26 or $27 as a breaker pattern. Because "resistance" has been printed, many very large players and retail traders who are short will position their stop losses over $26 and $27. This becomes a target. And in the meantime the goldbug moonboys have long stops under $22 and $21, which just so happens to be an untested gap. So the trade here is to either look at a short on a retrace to $24 with a target of $21~, or just wait for $21 with a target of $33 by year end. And then sell it all. Sell your spot. Sell your bullion, if you can't be hedged short. Silver will eventually truly appreciate, and in a significant way, but it's not very likely to manifest before the new future unfolds. And so in 2024, we may really see numbers sub $15 again. Ergo, because metals are, in reality, ranging and not trending, it's not a market for "buy and hold" to be an intelligent strategy. Good luck.
COMEX:SI1!Long
by LordWrymouth
2
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
🔥NEW: XAGUSD 🔥 SWING TRADE 🔥 (2W)As an alternative, you can choose your TP based on the ATR of your favorite chart: ATR = Average True Range 1 day = 20 pips 4 hours = 10 pips 1 hour = 5 pips 15 minutes = 3 pips 5 minutes 2 pips TECHNICAL ANALYSIS: The XAGUSD pair is currently trading in a range between 26.14 and 22.11. Price Action has been consolidating in this range since April 24, 2023. Now, that PA has bounced off of our TP1, we should be good to go for more downtrend action. INDICATORS: P2P INDi — Annotates Curve Analysis — Pivot High @ 28.90 — Pivot Low @ 12.75 — Based on this curve, PA is bearish TREND — Momentum: Big Picture Downtrend — Price Action: Downtrend — CounterTrend: NO (conservative trade)
OANDA:XAGUSDShort
by ProfessorCEWard
Is silver going to $26 per ounce? Maybe. In our preceding discussion on silver, we delved into the dynamics of supply and demand, highlighting the deficit in supply compared to demand throughout 2022. In addition to that, we talked about how this opportunity, coupled with some other factors, could present an interesting opportunity to go long silver. Since then, the price of silver rose from around $22.50 to more than $25 just a few days ago. Currently, one troy ounce of silver trades around $24.85. We continue to be bullish on silver and pay close attention to the area between $24.55 and $24.64. If silver manages to defend this area and ideally hold above it, it will be bullish. But if it fails and drops below its 20-day SMA near $23.90, it will prompt us to secure profits. At the moment, our price target of $26 stays in place. Illustration 1.01 Illustration 1.01 displays the daily chart of XAGUSD. The yellow arrow indicates a bullish breakout from the downward-sloping channel. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section.
OANDA:XAGUSDLong
by Tradersweekly
15
it's time to going up for XAGUSDbefore buying, please check for being sure about your opinion about the Trend!!! (in every target you want closed the position but our target is the third one) be rich... and doing and living in the best quality *-* (Guy's the entry place is importance things in enter in a position and be careful) ************************************************* if you want to enter in this position: Enter Price: 24.35707 Target1: 24.55548 Target2: 24.72909 Target3(Final Target): 25.06104 Stop loss: 24.18961 *************************************************
OANDA:XAGUSDLong
by MakingMoney444