SILVER: Bulls Will Push Higher
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current SILVER chart which, if analyzed properly, clearly points in the upward direction.
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XAG USD ( Silver / US Dollar)
Silver has a strong bearish momentum, could it fall further?The price is rising towards the resistance level which is a pullback resistance that is slightly above the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 27.68
Why we like it:
There is a pullback resistance that is slightly above the 38.2% Fibonacci retracement.
Stop loss: 28.16
Why we like it:
There is a pullback resistance level which is slightly above the 61.8% Fibonacci retracement.
Take profit: 26.86
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
SILVER BUY OVERVIEWHere's the beauty of closing out partial profits & sticking to your rules in trading. We originally closed out 50% of our position at £18,000 profit, followed by the remaining 50% at £17,600 profit, as I kept an eye on price action & noticed price would likely start dropping now.
We made 0 losses & enormous profits off our Silver buy analysis, which was called live for you all🦾
Silver Faces Increasing Pressure: Cautious SentimentSLO2 @ 31.77 📉
SLO1 @ 30.28 📉
TP1 @ 27.43
TP2 @ 25.03
TP3 @ 23.27
TP4 @ 20.55
BLO1 @ 19.89 ⏳
BLO2 @ 18.30⏳
SL @ 17.55 🚫
🔑
BLO = BUY LIMIT ORDER
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
SL = STOP LOSS
📉 = Order Triggered
⏳ = Order Pending
SUMMARY
The current market sentiment and technical indicators suggest that the silver downtrend may continue. Nevertheless, the current circumstances are subject to change, so it is advisable for traders to proceed with caution and carefully observe any updates in the market.
FUNDAMENTAL
The price of silver has pulled back to around $28 per ounce, reversing its recent gains due to concerns about a potential recession and a general increase in risk aversion. Concerns about a potential economic downturn have been heightened by the US economy's weaker-than-expected job growth in July. As a result, investors are now looking for safe-haven assets.
TECHNICAL
Despite the anticipation of significant interest rate cuts by the Federal Reserve, the general market sentiment remains pessimistic for silver. Based on the technical indicators, it appears that the downtrend may continue, as the short-term moving averages are currently positioned below the longer-term averages. Nevertheless, it is crucial to take into account the conflicting signals from various technical tools and closely observe fundamental developments before finalizing any trading decisions.
FUTURES
In addition, the recent decrease in delivery volume in the Comex silver futures market suggests a decrease in physical demand. Although this data point is worth considering, it is important to analyze it in the larger market context in order to make meaningful conclusions about the price trajectory of XAGUSD.
Unlocking the Power of Option Analysis for Forex TradingFiltering Options by Sentiment: A Key to Profitable Trading
As traders, we're constantly on the lookout for ways to gain an edge in the markets.
Option portfolios analysis is not a magic solution for success itself, but it can and should be a great tool to add to your trading strategy.
Learning how to analyze the option portfolios of big and successful players on one of the world's biggest exchanges can really improve your market awareness and give you more confidence when reading the current market trends.
The Power of Option Analysis
Option analysis is not just about identifying bullish or bearish sentiment. It's about understanding the nuances of market psychology and identifying opportunities that others may be missing. By filtering options by sentiment, we can identify portfolios that are more likely to result in profitable trades.
Key Factors to Consider
When filtering options by sentiment, there are several key factors to consider:
1. Size and value of the option portfolio
2. Distance from the central strike (Delta)
3. Time to expiration
4.Appearance on the rise/fall of the underlying asset
By considering these factors, we can identify option portfolios that are more likely to result in profitable trades.
As mentioned above, option portfolios with names such as vertical spread, butterfly, and condor (in English - VERTICAL SPREAD, IRON FLY/FLY, CONDOR/IRON CONDOR) have predictive sentiment regarding the direction of the asset's price movement. However, it is critically important to be able to filter out such sentiment, since similar portfolios are widely used and appear almost daily in CME exchange reports, but only a small percentage of them have predictive value.
Portfolios that are traded during a price movement with an obvious trend have low value. On the other hand, if a portfolio appears in a sideways market before the start of a trend and meets other conditions, which will be discussed later, it is reasonable to fix such a portfolio on the chart and subsequently track its correction (closure/partial closure/re-sale).
If you "caught" such a portfolio that is already generating profit for its owner, i.e., the price is moving in the desired direction, you get an additional bonus: by tracking changes in this portfolio, you can understand whether the price movement will continue in the chosen direction or whether the movement is fading or has exhausted its potential and it's time to close your position.
It is necessary to track changes daily using QuickStrike and GlobexTradeBrowser by CME GROUP.
If you track less frequently, you can lose the thread of sentiment. I recommend performing analysis on a regular basis.
Some examples:
On July 17th, there was a really big beat on the Japanese yen in the options market for October. The bed was based on the idea that the yen futures would go up (or the dollar/yen forex rate would fall). As we saw, the bat started to pay off almost immediately, and the yen came really close to the target in just a few days!
Could we have used this information for forex trading? Absolutely. The risk-reward ratio on this trade was about 1 : 3, but importantly , when we made this trade, we had real insider information. Insiders are required by the exchange to disclose their trades, just like other market participants.
Not using this free information in your trades would be a big mistake for a serious trader who doesn't want to gamble in market.
Another example:
In April this year, we saw a strong bullish option sentiment for Silver prices rising between $32 and $35, based on a large options portfolio stated at around $27.5. We released our forecast for Silver, and you can find a copy of it with our reasoning at the link
Cooper example:
The forecast was made after analyzing option activity on the CME exchange on April 2. You can check the results yourself and see if the time we spent studying option sentiment and analyzing was worth it.
In conclusion, as you can see, incorporating option analysis into your toolkit can really help you make more informed trading decisions.
To all serious traders, I wish you patience and dedication on your journey to trading success. Remember that mastering the art of trading takes time, effort, and perseverance. Don't be discouraged by setbacks or losses, but instead, use them as opportunities to learn and improve. Stay focused, stay disciplined, and stay committed to your goals.
Potential bullish bounce?XAG/USD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 28.15
Why we like it:
There is a pullback support that lines up with the 50% Fibonacci retracement.
Stop loss: 27.70
Why we like it:
There is a pullback support.
Take profit: 28.86
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Bullish rise?The Silver (XAG/USD) has reacted off the pivot and could potentially rise to the 1st resistance which is an overlap resistance.
Pivot: 28.18
1st Support: 27.90
1st Resistance: 28.81
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
SILVER ( TRYING TO RETEST A TURNING LEVEL (1) ) (4H)XAGUSD
HELLO TRADERS
Tendency , the price is under bearish pressure , after breakout channel .
TURNING LEVEL (1) : the price of this level at 28.20 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 27.29 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 29.33 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 30.48, for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 26.43, for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 25.23 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 27.80 , have two scenario , first corrective 28.20 before dropping to touch a 27.29 , then26.43 , second corrective 27.29 to reach a 28.20, then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 29.33, 30.48 .
SUPPORT LEVEL : 26.43 , 25.23 .
Silver- Ready for 35usd A few months ago, I wrote an XAG/USD analysis, predicting that Silver could rise by 10,000 pips to reach 35.
Achieving such a significant target requires patience, and the price won't climb in a straight line. However, my long-term conviction remains unchanged: Silver will likely rise to 35 USD/oz.
But as Keynes said, "In the long run, we are all dead," so let's focus on the short term.
Recently, as shown in the posted chart, Silver broke below horizontal support.
However, after a bullish Pin Bar formation a few days ago, the price reversed strongly and is now trading back at the old support, which has become resistance.
This suggests the possibility of a false break.
At this moment, given the proximity to resistance, a correction is possible. However, this correction should be seen as a good opportunity to buy in anticipation of a false break. Depending on your patience, you could set your target at 30, 32, or my long-term target of 35.
Silver Follows Gold's Lead for Potential UpsideSilver, often moving in tandem with gold due to their strong correlation, has recently undergone a period of retracement. This pullback has prompted traders and analysts to search for a demand zone where silver can resume its upward trajectory, potentially leading to significant growth.
Our analysis has pinpointed a key support area around the $27.500 level. This zone has shown its relevance as the price tested it with a spike, and Friday's session closed with a small indecisive bullish candle. This candle formation suggests a pause in the downtrend and indicates potential bullish momentum building up.
The Commitments of Traders (COT) reports offer additional insight into market sentiment. These reports reveal the positions of large speculators and commercial traders, providing a deeper understanding of the market's undercurrents. Current COT data suggests an increasing interest in silver from major market players, further supporting the case for a potential upswing.
Technical analysis also plays a crucial role in our assessment. Key indicators and chart patterns are aligning to suggest that silver is approaching a critical juncture. The $27.500 area has been identified as a significant support level based on historical price action. The combination of support at this level, along with the formation of a bullish candle of indecision, points towards a possible reversal in the near term.
Seasonality trends offer yet another layer of confirmation. Historical data shows that certain times of the year are more favorable for silver prices. We are currently entering a period that has traditionally supported bullish movements in the silver market. This seasonal factor adds weight to our analysis and enhances our confidence in the potential for a price increase.
Given the convergence of these factors—COT reports, technical analysis, and seasonality—we are considering opening a bullish position at the $27.500 level. This area appears to be a strategic entry point for capitalizing on the anticipated upward movement. As always, it's important to monitor the market closely for any further confirming signals before committing to a trade.
In conclusion, silver's recent retracement offers a promising opportunity for traders. The identified support area around $27.500, combined with favorable COT data, technical indicators, and seasonal trends, suggests that silver may be poised for a bullish reversal. We are looking to open a bullish setup at this level, anticipating potential growth in the coming sessions.
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SILVER The Target Is UP! BUY!
My dear followers,
I analysed this chart on SILVER and concluded the following:
The market is trading on 27.917 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish
continuation.
Target - 28.864
Safe Stop Loss - 27.252
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
Heading into 61.8% Fibonacci resistance?XAG/USD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 28.66
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 29.44
Why we like it:
There is a pullback resistance level which lines up with the 50% Fibonacci retracement.
Take profit: 27.63
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Bearish reversal?The Silver (XAG/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 28.67
1st Support: 28.03
1st Resistance: 29.42
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Silver H4 | Bearish momentum in placeSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 28.69 which is a pullback resistance.
Stop loss is at 29.80 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance.
Take profit is at 27.62 which is a pullback 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. 68% 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.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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
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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.
XAGUSD / SILVER Bearish Side Robbery Plan To Steal EverythingMy Dear Robbers / Traders,
This is our master plan to Heist XAGUSD SILVER Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 1h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.