Silver H4 | Potential bullish bounceSilver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 32.16 which is a pullback support.
Stop loss is at 31.75 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 33.19 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
XAG USD ( Silver / US Dollar)
Silver: Time to Take a Long Position..?Silver has successfully broken through the resistance level at 32.200, indicating a potential upward trend. The asset has not only surpassed this key level but has also undergone a retest, confirming its strength and stability at this price point. This dual occurrence suggests that the market has tested the new support level and found it to be viable. As a result, we now have sufficient confidence to proceed with entering a long trade, capitalizing on the bullish momentum.
November Trading Competition Chart
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(SPX500USD 1D chart)
In order to maintain the uptrend, it must rise above 5738.2 and be maintained.
Since the StochRSI indicator is currently expected to create a double bottom, if the StochRSI indicator rises in the oversold zone, it is highly likely to create a large uptrend.
Accordingly, I think the 5738.2 point is a very important support and resistance point.
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(XAUUSD 1D chart)
BW(100) indicator is created at 2748.960, and HA-High indicator is created at 2734.472.
Accordingly, the point of observation is whether it can receive support and rise around 2734.472-2748.960.
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The fact that BW(100), HA-High indicators are created means that a high point section has been formed.
Therefore, if it receives resistance from BW(100), HA-High indicators and falls, you should basically think that the decline is likely to continue until it meets BW(0), HA-Low indicators and respond accordingly.
Therefore, whether there is support around 2734.472-2748.960 is important.
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Since the StochRSI indicator appears to have entered the oversold zone, we need to check where it is located when it rises in the oversold zone and maintains the state of StochRSI > StochRSI EMA.
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(XAGUSD 1D chart)
The chart can be seen as already in the process of decline.
However, since it is maintaining an upward channel, we need to keep in mind the possibility of creating a pull back pattern.
Accordingly, the area around 3188144 is expected to be an important support and resistance zone.
The HA-High indicator is created at the 32.99790 point, and the BW(100) indicator is created at the 34.86 point.
Accordingly, there is a possibility that it will be restricted from breaking through the 3299790-34.86 zone upward.
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(EURUSD 1D chart)
I think the 1.08821 point is a very important section in the trend.
I think it is likely to have difficulty turning into an upward trend until it rises above the M-Signal indicator on the 1W chart.
Therefore, I think it would be advantageous to proceed with a trade after confirming support near 1.08821.
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(WTICOUSD 1D chart)
The oil chart is in a reverse arrangement.
Accordingly, I think it would be advantageous to trade with a sell (SHORT) position.
It is currently rising above 71.6167 and rising above the M-Signal indicator on the 1D chart.
In order to maintain this rise, it needs to be maintained around 71.955.
-
HA-Low, HA-High indicators are indicators created to trade using the Heikin-Ashi chart.
The fact that the HA-Low indicator was created means that a low point range has been formed.
Therefore, if it is supported near HA-Low and rises, you should basically think of a response plan by thinking that it will continue to rise until it meets the HA-High indicator.
The HA-Low or HA-HIgh indicators are designed to display box ranges differently from other indicators.
Therefore, in order to escape the low point range formed by the HA-Low indicator, it must rise above the upper point of the HA-Low indicator box.
Therefore, it can be said that it has escaped the low point range if it rises and is maintained above the Fibonacci ratio of 0.618 (72.606).
-
StochRSI indicator is not a universal indicator,
but basically
- When the StochRSI indicator is above the 50 point, you should focus on finding a time to sell,
- When it is below the 50 point, you should focus on finding a time to buy.
From that perspective, I think the current rise is more likely to be a rebound rather than a rise.
-
(BTCUSD 1D chart)
The important support and resistance areas from the current price position are as follows:
- 71288.90-72322.91
- 68343.64-69795.79
- 65910.71
The three areas above are important support and resistance areas.
-
As explained on the oil chart, since the StochRSI indicator is below the 50 point, you should focus on finding a time to buy.
Therefore, if you are trading for the first time, you can trade depending on whether there is support near 68343.64.
However, since the current trend is an upward trend, if you trade with a sell (SHORT) position, you need to respond quickly and briefly.
-
(ETHUSD 1D chart)
ETH is currently moving sideways in the box section.
Therefore, the trend is expected to be determined depending on which direction it deviates from the 2272.88-2707.12 section.
Therefore, you should think about trading within the box section and create a response plan.
Then, when it deviates from the box section, you should switch to a trading strategy to eat the trend.
-
Have a good time.
Thank you.
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SILVER: Will Keep Growing! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SILVER pair price action which suggests a high likelihood of a coming move up.
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Bullish Divergence Formed on SILVER XAGUSDWe have a bullish Div here on Silver 45min TF.
Divergence is not completely fool proof, however 7 out of 10 times, they give you a win and push into green, giving you an oppurtunnity to cut your stoploss in half.
There are 3 possible rejective price levels on chart. Which may send price back on a bearish rally. However once price breaks 32.50 it should retest rejection price level 1.
This will be interesting to watch play out this week, once markets reopen in 3 to 6hours, Be mindful of market open CME Gap. OANDA:XAGUSD
SILVER Massive Long! BUY!
My dear friends,
Please, find my technical outlook for SILVER below:
The instrument tests an important psychological level 32.449
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 33.607
Recommended Stop Loss -31.757
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Silver XAG/USD Let's take a step back and have a look at bigger picture. I see two scenarios that could play out. The first is a minor retracement back toward $30-$29. The second scenario is where we have a deeper retracement down to $26-$24. In any case, both are opportunities to load up. I believe it won't be there for long.
XAGUSD LONG-ScalpingThis is a high-risk trade setup. While I believe silver has more room for a rally, I expect it may need a significant drop first—that's what my instincts say. However, based on the charts, I’ve decided to go long as the price action has been resilient and seems poised to recover from yesterday's bearish whipsaw candle. Reminder: this is a high-risk trade with 0.50% capital at risk.
SILVER Sellers In Panic! BUY!
My dear followers,
I analysed this chart on SILVER and concluded the following:
The market is trading on 32.966 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 33.538
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
XAUUSD Up Trend ContinuationXAUUSD experienced a deeper pullback following yesterday's news release and has since bounced off a support level, signaling a potential entry into a consolidation phase. With another busy day of news events ahead, we could witness increased volatility and market spikes. The market may pull back further, potentially taking liquidity below the previous day's low and retesting the psychological level at 2700 before resuming its upward movement. The target is the resistance zone around 2770
SILVER XAGUSD TO 40$ IN YEAR 2025 !!!HELLO TRADERS
As I can see silver is trading in uptrend channel and after a new ATH its retracing to the broken resistance zone which can be a support for silver NFP ahead and geopolitical bad conditions with a weak $ us elections impact on economy and bricks trading in 2025 will can make some new historically high in precious metals have a look on GOLD and other commodities all are make huge moves so it will be a great opportunity for Silver traders that they can join the next bull run from these given zone till design TP friends its just an trade idea with technical and fundamental view share Ur thoughts on it we appreciate Ur support and love Stay Tuned for more updates
Rebound Silver up. H4. 29.10.2024Rebound Silver up 📈
In silver, the price corrected rather weakly and went further up to rebound to the strategic resistance at 35.50. After that I expect a downward correction, but not a major reversal. Judging by the options, the strategic expectations are around 37.50 and that is where a major reversal down may come. Now 35.50 looks like an intermediate correction.
CAPITALCOM:SILVER
SILVER (XAGUSD): Bullish Continuation After News
Today's news are certainly bullish for Gold and Silver.
XAGUSD formed a confirmed Change of Character CHoCH
on a 4h time frame, signifying a completion of a local correction.
The price will text a current high now.
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Daily Pre-Market Analysis: GOLD & SILVER BUY Watch!Tuesday Oct 29th
I have a bullish bias on the day for both Gold and Silver.
A pullback on the 1H TF to a +FVG, and we may get the buy entry I am looking for.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Silver H1 | Potential bearish reversalSilver (XAG/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 34.23 which is a swing-high resistance.
Stop loss is at 34.72 which is a level that sits above the 127.2% Fibonacci extension level and a pullback resistance.
Take profit is at 33.16 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.